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Urban Real Estate Tax

11-05-30 Posted in China Taxation

All real estate owned by FIEs and foreign nationals is taxed at the rate of 1.2% after making a one-off deduction of 10%-30% of the original value of the property, or at the rate of 12% of rental income. Urban real estate tax is assessed annually and paid in instalments.

Major Tax Categories for FIEs and Foreigners

1.Value-Added Tax 2.Consumption Tax
3.Customs Duty 4.Business Tax
5.Enterprise Income Tax 6.Individual Income Tax
7.Land Appreciation Tax 8.Urban Real Estate Tax
9.Stamp Duty 10.Vehicle and Vessel Usage Licence Tax