Real Estate & Tax News in China from Propertyshowrooms.com

New Tax Break For China's Airlines

Tue, 13 Jan 2009 00:00:00 GMT

In a move to try and protect the country's aviation industry, the Chinese government has pledged to give those airlines hardest hit by the current economic downturn a CNY2.5bn (USD360m) tax concession...

Property tax cuts in China near limit

Thu, 1 Jan 2009 00:00:00 GMT

Qin Hong, deputy research head at the Ministry of Housing and Urban-Rural Development said in an interview with the China Securities Journal that China is unlikely to cut property transaction taxes much further and will continue to curb housing purchases for the purpose of investment. The government has shortened the lock-up period during which home owners...

Real estate needs confidence-building

Tue, 30 Dec 2008 00:00:00 GMT

The Chinese government has launched a series of tax and fee cuts to boost the real estate sector. But what do real estate developers think about the new package? Chen Shun, president of China Sports Organization Group, a real estate development company, is in charge of more than 30 projects. He said business has fallen in the...

More property transaction tax cuts expected in China as latest figures look grim

Fri, 12 Dec 2008 00:00:00 GMT

China is ready to cut business and income taxes on property transactions to give a boost to the ailing real estate sector after government figures showed a sharp drop in home sales in November...

Pudong New Area cuts taxes to compete

Mon, 25 Aug 2008 00:00:00 GMT

Shanghai’s Pudong New Area plans to offer tax incentives to overseas bankers, brokers and insurers to help it become a global financial center. Possibly a secondary reaon is to head off challenges from Tianjin Municipality and Shenzhen. Pudong will offer rental subsidies, tax rebates, free annual health checks and ease the process for foreigners to become...