Notice of Beijing Municipal People's Government on Further Implementing Relevant Provisions of the Interim Regulation of the People's Republic of China on Real Estate Tax

• Document Number：No. 24 [2016] of Beijing Municipal People's Government
• Area of Law： Real Estate
• Level of Authority： Local Regulatory Documents
• Date issued：06-28-2016
• Effective Date：07-01-2016
• Status： Effective
• Issuing Authority： People's Government of Beijing Municipality

Notice of Beijing Municipal People's Government on Further Implementing Relevant Provisions of the Interim Regulation of the People's Republic of China on Real Estate Tax
(No. 24 [2016] of Beijing Municipal People's Government)
The people's governments of all districts; all commissions, offices, and bureaus of the Municipal Government; and all institutions under the Municipal Government:
For the purposes of further implementing relevant provisions of the Interim Regulation of the People's Republic of China on Real Estate Tax, and effectively strengthening the collection and administration of the real estate tax, in light of the actual circumstances of this Municipality, relevant matters are hereby announced as follows:
I. Where tax is calculated based on the residual value of the property, the real estate tax shall be calculated on the residual following the subtraction of 30% of the original value of the property.
II. In addition to the statutory exemption from the real estate tax, taxpayers who have bona fide difficulties in making tax payments may, upon the verification of the situation, and the proposal and submission of handling opinions, by tax authorities, to the municipal government for approval, enjoy a reduction of or exemption from the real estate tax.
III. The real estate tax for a whole year shall be paid in twice, and the time limit for tax payment shall be from April 1 to April 15 and from October 1 to October 15, respectively.
IV. This Notice shall come into force on July 1, 2016. Where a person enjoys tax reduction or exemption incentives as approved by tax authorities prior to the issuance of this Notice, such incentives shall have force until their expiry.
Beijing Municipal People's Government
June 28, 2016