News Snapshot:
China’s New Deed Tax Law: What Does it Mean for Businesses? China’s new Deed Tax Law is about to come into force on September 1, 2021. Foreign companies are subject to deed tax if they acquire real estate and/or land use rights in China, and this often occurs when the company reorganizes. Fortunately, the country has extended deed tax exemptions to support certain types of corporate restructuring and reorganization. China announced the elevation of the deed tax regulation into national law on August 11, 2020. The new Deed Tax Law is going to take effect on September 1, 2021, repealing...
