China: VAT rates, rules for real estate and construction sector

China: VAT rates, rules for real estate

China’s Ministry of Finance and State Administration of Taxation today jointly issued guidance that concerns the transition of the real estate and construction sector from the business tax regmie to the value added tax (VAT) system.

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Circular Caishui [2016] 36 (Circular 36) provides the VAT rates and rules for the real estate and construction sector, effective 1 May 2016. 

 

Read a March 2016 report [PDF 293 KB] prepared by the KPMG member firm in China: China’s new VAT rates & rules - Real Estate & Construction industry impacts

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