China's Nationwide Property Tax Plan Set for Further Delay
newscatcher
2023-09-12 13:34
China's Nationwide Property Tax Plan Set for Further Delay
The Chinese government's long-awaited rollout of a controversial property tax looks set to be delayed yet again, as a law that would provide a legal basis for the levy is missing from the latest legislative program of the National People's Congress (NPC) published last week. The agenda, released by the state-run Xinhua News Agency, is a five-year work plan for the standing committee of the NPC, China's top legislative body. It lists 130 laws and amendments that are in the works, including a financial stability law, along with a number of areas the committee will study for future legislation, including the regulation of non-tax fiscal income and government debt.

https://www.caixinglobal.com/2023-09-12/chinas-nationwide-property-tax-plan-set-for-further-delay-102103067.html

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