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Provisional Regulations of the People's Republic of China on land appreciation tax.

Country/Territory
China
Document type
Regulation
Date
1993
Source
FAO, FAOLEX
Original source
Foreign-Related Laws and Regulations of the P.R.C., CD-rom, Bureau of Legislative Affairs of the People's Republic of China.
Subject
Land & soil
Keyword
Land tenure Land valuation Right of use
Geographical area
Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific
Entry into force notes
These Regulations shall come into effect on 1 January 1994.
Abstract

The Regulations aim at standardizing the order of land and real estate market transactions, at reasonably adjusting the benefit from land appreciation and safeguarding the rights and interests of the State. According to article 2, all units and individuals receiving income form the transfer of state-owned land use rights, shall pay a land appreciation tax in accordance with these Regulations. Further provisions concern the following: (a) appreciation of the amount to be paid; (b) deductible items; (c) exemptions; (d) collection of the tax by tax authorities.

Full text
English