Chinese language metropolis of Shanghai stated it could scale back some taxes on actual property transactions

Chinese language state media with the report, taxes on property diminished in Shanghai.

• Shanghai stated on Monday it could scale back some taxes on actual property transactions efficient from Dec. 1, a transfer that may assist the native property market, in keeping with state media report.
• Residents shall be exempt from VAT after they purchase a property for 2 years or extra and promote it

Information comes by way of Reuters, extra on the hyperlink.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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