China » Taxes

Land Appreciation Tax	Tax on Building Property

Land Appreciation Tax

Land Appreciation Tax has four levels of progressive tax rate.

• For the part of increased value that does not surpass 50% of the deduction of fixed items, the tax rate is 30%.
• For the part of increased value that surpasses 50% but no more than 100% of the deduction of fixed items, the tax rate is 40%
• For the part of increased value that surpasses 100% but no more than 200% of the deduction of fixed items, the tax rate is 50%.
• For the part of increased value that surpasses 200% of the deduction of fixed items, the tax rate is 60%.

Tax on Building Property

The owner or renter (agent and user in case it is unidentifiable) is the tax payer. The building property of foreign-funded enterprises and of foreign personnel should be levied quarterly at an annual tax rate of 1.2%. And they may enjoy a 30% reduction of assessed tax.