Interim Regulations of the People's Republic of China on Deed Tax

Interim Regulations of the People's Republic of China on Deed Tax

Order of the State Council [1997] No. 224

July 7, 1997

The Interim Regulations of the People's Republic of China on Deed Tax adopted at the 55th executive meeting of the State Council on April 23, 1997 are hereby promulgated and shall come into effect as of October 1, 1997.

Premier Li Peng

Appendix: Interim Regulations of the People's Republic of China on Deed Tax
　
Article 1 All transferee units and individuals of any transfer of right or ownership of land and buildings within the territory of the People's Republic of China shall be the taxpayer of deed tax and shall pay deed tax in accordance with these Regulations.
　
Article 2 For the purposes of these Regulations, the transfer of right and ownership of land and buildings shall refer to the following acts:
1. The assignment of the use rights of State-owned land;
2. The transfer of land use rights, including sale, donation and exchange;
3. Purchase and sale of buildings;
4. Donation of buildings; and
5. Exchange of buildings.
The transfer of land use rights in Item (2) of this article in the preceding paragraph does not include the transfer of the right to the contract business operation of collectively-owned land in rural villages.
　
Article 3 The rates of deed tax shall be 3% - 5%.
The applicable deed tax rates shall be determined by the people's government of provinces, autonomous regions and municipalities directly under the central government within the range as stipulated in the preceding paragraph based on their actual local conditions and shall be reported to the Ministry of Finance and the State Administration of Taxation for record filing.
　
Article 4 The basis of calculation for deed tax:
1.
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