China's Ministry of Finance and State Administration of Taxation have jointly issued Announcement No. 22 of 2026. The announcement adjusts the urban land use policy by phasing out the broad urban land use tax exemptions that were provided for energy generation, mining, and oil and gas production enterprises through different regulations in 1989, 1990, 2007, and 2015. The exemptions will be phased out, with 50% of the standard urban land use tax collected from 1 September 2026 to 31 August 20…