Outline of tax system for Land Economy and Construction and Engineering Industry Bureau
Outline of Land tax system
Taxes are levied on land and the building standing on it for each stage of transaction, such as buying, owning or selling. For example, taxes such as “registration and license tax”and “real estate acquisition tax” are levied when buying, “fixed asset tax” are levied when owning, and “income tax” and “a corporation tax” are levied when selling.
