The Circular provides that: first, an enterprise that suspends its production and business or shuts down, as required by policies on capacity cuts and restructuring, will be exempt from real estate tax and urban land use tax from the next month after its suspension of production and business operations, and is allowed to enjoy this tax-free policy for up to an aggregate of two years; second, the list of central enterprises required to suspend production and business or shut down, under policies on capacity cuts and restructuring, will be prepared and released by the state-owned assets supervision authority of the State Council, while the list of other enterprises will be prepared and released by the competent authority designated by the provincial government to take charge of capacity cuts and restructuring; third, in enjoying the tax-free policy offered in this Circular, an enterprise shall file a tax return for the tax reliefs as required and safekeep documents in respect of the ownership of real estate and land and original values of real estate, for future reference.