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Decision of the Standing Committee of the National People's Congress on authorizing the State Council to carry out pilot projects for real estate tax reform in certain regions

Oct 25, 2021 13:53

Decision of the Standing Committee of the National People's Congress on authorizing the State Council to carry out pilot projects for real estate tax reform in certain regions

(Adopted at the 31st meeting of the Standing Committee of the 13th National People's Congress on October 23, 2021)

In order to actively and steadily advance the legislation and reform of real estate tax, guide reasonable housing consumption and economical and intensive use of land resources, and promote the stable and healthy development of the real estate market, the 31st meeting of the Standing Committee of the 13th National People’s Congress decided to authorize the State Council to Pilot projects for real estate tax reform have been carried out in the region.

1. The real estate tax in the pilot areas is subject to various types of real estate for residential and non-residential use, excluding legally owned rural homesteads and their upper residences. The owners of land use rights and house owners are taxpayers of real estate tax. Non-residential real estate continues to be implemented in accordance with the "Interim Regulations of the People's Republic of China on Real Estate Tax" and "Interim Regulations of the People's Republic of China on Urban Land Use Tax."

2. The State Council formulates specific measures for real estate tax pilot projects, and the people's governments of the pilot regions formulate specific implementation rules. The State Council and its relevant departments and the people's governments of the pilot areas shall establish scientific and feasible expropriation management models and procedures.

3. The State Council shall, in accordance with the principle of proactiveness and prudence, make overall considerations to deepen the pilot and unify legislation, and promote the stable and healthy development of the real estate market, to determine the pilot areas, and report to the Standing Committee of the National People's Congress for the record.

The trial period authorized by this decision is five years, counting from the date of issuance of the State Council’s pilot measures. During the pilot process, the State Council shall sum up the pilot experience in a timely manner, and report the pilot situation to the Standing Committee of the National People’s Congress six months before the expiration of the authorization period. If it is necessary to continue the authorization, it may submit relevant opinions, which shall be decided by the Standing Committee of the National People’s Congress. . When conditions are ripe, enact laws in a timely manner.

This decision will come into effect on the date of promulgation, and the time for the pilot implementation to start will be determined by the State Council.

(Source: Xinhua News Agency)

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