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China Extends Deed Tax Exemption for Corporate Restructuring Through 2027

|Approved Changes|China
China

China's Ministry of Finance and State Administration of Taxation have jointly issued Announcement No. 49 of 2023, which extends the exemption from deed tax on immovable property involved in qualifying corporate restructuring. Deed tax is a transfer tax imposed on the transfer of land (use rights) or buildings, with rates generally ranging from 3% to 5% depending on the province. Previously ext…

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