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<CN Home>CN to Exempt VAT on Personal Sales of Homes Purchased 2+ Yrs Ago From Tmr
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China's Ministry of Finance has issued an announcement regarding the value-added tax (VAT) policy for personal housing sales. According to the announcement, individuals selling housing purchased less than two years ago will be required to pay VAT at a full rate of 3% starting tomorrow (January 1), while those selling housing purchased two years or more ago will be exempt from payment. AAStocks Financial News |
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