China Value Added Tax Service
Hotline: 86-755-82143348/86-13823131503 Email: anitayao@citilinkia.com
Wechat:13823131503
Q: What expenses of taxation are payable on transactions of secondhand properties in Shenzhen?
A: Expenses of taxation payable include:
Business Tax, 5% of selling price (tax-free upon sale of common house purchased by individual person and inhabited for more than 5 years; those inhabiting less than 5 years shall be taxed on the basis of entire selling price, while uncommon house shall be taxed by price difference)
Urban Maintenance and Construction Tax, 1% of Business Tax
Stamp Duty, 0.05% of selling price
Individual Income Tax at 20%, Corporate Income Tax at 25%
Formula: Income/Profits Tax = Selling Price – Original Price – Business Tax - Urban Maintenance and Construction Tax – Stamp Duty – Land Value Added Tax
Contract Tax, 1.5% or 3% of selling price
Land Value Added Tax, from 30% to 60%
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