19 August 2019

Govt undecided on property tax trial expansion, paper says

China is considering legislation before expanding the property tax trial scheme, China Securities Journal reported Tuesday, citing Jia Kang, director of the Research Institute for Fiscal Science of the Ministry of Finance. The scheme is in place in Shanghai and Chongqing but a planned expansion is on hold, pending a decision on whether legislation is needed to implement it nationwide, Jia was quoted as saying. Also, the central government is considering whether to allow local governments to implement their own versions of the program, the report said.

– Contact HKEJ at [email protected]



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