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Notification of Beijing Municipal Bureau of Finance and Beijing Local Taxation Bureau on the Forwarding of the Notification of the Ministry of Finance and State Administration of Taxation on the Levy of Property Tax on Foreign -funded Enterprises and Foreign Individuals

2020-12-21 10:54  

District and county finance bureaus and local taxation bureaus, subordinate bureaus of Beijing Local Taxation Bureau,

Notification of the Ministry of Finance and State Administration of Taxation on the Levy of Property Tax on Foreign -funded Enterprises and Foreign Individuals (Cai Shui [2009] No. 3) is hereby forwarded to you for your implementation.

 

Appendix: Notification of the Ministry of Finance and State Administration of Taxation on the Levy of Property Tax on Foreign -funded Enterprises and Foreign Individuals

 

February 10, 2009

 

Appendix:

Notification of the Ministry of Finance and State Administration of Taxation on the Levy of Property Tax on Foreign -funded Enterprises and Foreign Individuals

Cai Shui [2009] No. 3

Finance departments (bureaus), local taxation bureaus of provinces, autonomous regions, municipalities directly under the Central Government, cities specifically designated in the state plan, and the Finance Bureau of Xinjiang Production and Construction Corps,

According to Decree No. 546 issued by the State Council on December 31, 2008, the Interim Regulations of the People 's Republic of China on Urban Property Tax should be abolished from January 1, 2009. Foreign-invested enterprises, foreign enterprises and organizations, and foreign individuals (including Hong Kong-, Macao- or Taiwan-funded enterprises and organizations, as well as overseas Chinese, residents of Hong Kong, Macao and Taiwan, hereinafter collectively referred to as "foreign-funded enterprises and foreign individuals",) shall pay property tax in accordance with the Interim Regulation of the People's Republic of China on Property Tax (Guo Fa [1986] No. 90). To facilitate the collection of property tax for foreign-funded enterprises and foreign individuals, the notification is hereby given as follows:

1. From January 1, 2009, a property tax will be levied on the property of foreign-funded enterprises and foreign individuals. The tax scope,  tax basis,  tax rate,  tax preference, and the tax collection administration shall be implemented in accordance with the Interim Regulation of the People's Republic of China on Property Tax (Guo Fa [1986] No. 90) and relevant regulations. All local governments in charge should keep abreast of the collection of property tax on foreign-funded enterprises and foreign individuals, and timely response to problems encountered, and ensure that the policies are implemented properly.

2. When paying property tax, the Foreign-funded enterprises and foreign individuals who use currencies other than RMB as the recording currency should convert the tax calculated according to the recording currency into RMB in accordance with the central parity rate of RMB on the last day of the previous month.

3. The property tax should be collected by the local tax authorities where the property is located, and should be carried out in accordance with the Tax Collection Administration Law of the People's Republic of China and relevant regulations.

Ministry of Finance

State Taxation Administration

January 14, 2009