China to cut VAT rate to 3 pct for housing sales held under 2 years

BEIJING, Dec. 30 -- China will lower the value-added tax (VAT) levy rate from 5 percent to 3 percent for individuals selling housing purchased less than two years ago, effective Jan. 1, 2026, according to an announcement issued by fiscal and tax authorities on Tuesday.

The new policy, jointly released by the Ministry of Finance and the State Taxation Administration, further clarifies that sales of housing purchased two years ago or more will be exempt from VAT.

For VAT related to individual housing sales that has not been declared or paid before Jan. 1, 2026, the announcement noted that the new provisions can be applied if the requirements are met.

Source: Xinhua

Chinese company registration, Chinese company setup, Chinese company formation, Xiamen company registration, Xiamen company registration agent, Xiamen company setup, Xiamen company registry, Xiamen company registry agent, Xiamen company formation, Xiamen bookkeeping service, Xiamen accounting service, Xiamen tax advisory, Xiamen financial consultant, Xiamen audit, Xiamen CPA, Xiamen CPA firm, Xiamen visa service, Xiamen visa application, Xiamen foreigner's work visa service, HK company registration, HK company registry……Please visit Xiamen R&F Consulting at http://www.lc35.cn or send email to liufl@lc35.cn