China Tax & Investment Express Issue No. 2021040 - Decision on authorizing the State Council to carry out pilot work on Real Estate Tax reform in certain areas

China Tax & Investment Express (CTIE) brings you the latest tax and business announcements on a weekly basis. We selected some comparatively key announcements to provide for a synopsis and we also provide a link that leads you to the full content of each latest announcement (in Chinese).

Matters covered in this issue include: Decision on authorizing the State Council to carry out pilot work on Real Estate Tax reform in certain areas; Notice regarding the “Administrative Rules on Tax-free Importation of Supplies for Scientific Research, Technology Development and Education by Scientific Research Institutes”; Approval on temporarily adjusting the implementation of relevant administrative regulations and departmental rules approved by the State Council in Beijing; Public notice regarding the financial derivatives accessible to Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors; Notice regarding public opinions consultation on the revisions to the “Guiding Catalog of Industrial Structure Adjustment (2019 Version)”; etc.

Please feel free to contact your EY client service professionals for further assistance if you find the announcements have an impact on your business operations.

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