Legislation roundup: Deed tax, urban maintenance and construction tax, and REITS

August 14, 2020 | BY

Susan Mok

The new Deed Tax Law uniformly increases the deed tax rate, the time to pay urban maintenance and construction tax is specified and more flexibility is allowed in infrastructure investment of REITS.

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Tax

PRC Deed Tax Law

中华人民共和国契税法

The deed tax rate shall vary from 3% to 5%.

Where the title assignment contract or voucher of the nature of the title assignment contract