On September 7 2006, the State Council and Ministry of Land announced new rules to control land. These include increased compensation for evicted residents…
The draft property law has been submitted to China's legislature, the Standing Committee of the National People's Congress (NPC), for a fifth reading after…
Issued: May 24 2006Main contents: Starting from June 1 2006, residential premises (including low-priced residential premises) with a unit floor area of…
Issued: July 11 2006Main contents: The Opinions comprise four sections on:1. Regulating the Entry of Foreign Investment into the Real Property Market;2.…
Issued: July 18 2006Effective: as of August 1 2006 for Article 2Main contents: When calculating the taxable income for individual income tax on income…
The new rules revises six aspects including increasing the deductible amount for income from contracting for or leasing the operation of enterprises or institutions and clarifying tax returns procedures while further stipulating the duties of withholding agents in relation to tax withheld on the full amount for all personnel.
The New Opinions on Foreign Investment in China Real Estate represents the PRC government's concern and determination to cool down an overheated real estate market.
Prohibits direct offshore ownership structure, guaranteed fixed returns for foreign-invested real estate enterprise, and heightens scrutiny in the area of equity interests transfer and merger & acquisition in real estate-related industry.