Guangdong Offers Preferential VAT Policies for Housing Rental Enterprises
02 June 2022
Business Advisory Section, HKTDC Research
According to guidelines recently issued by the Guangdong Provincial Tax Service of the State Taxation Administration, general taxpayers of value-added tax (VAT) on enterprises that obtain an income from renting residential properties or affordable housing to individuals shall calculate VAT payable using the simplified VAT calculation method. Small-scale taxpayers shall pay this tax at a reduced rate of 1.5%, down from 5%.
- Mainland China