OVERVIEW OF CHINA'S CURRENT TAX SYSTEM
Urban and Township Land_Use Tax
(1) Taxpayers
The taxpayers of Urban and Township Land Use Tax include all
enterprises, units, individual household businesses and other
individuals (excluding enterprises with foreign investment,
foreign enterprises and foreigners).
(2) Tax payable per unit
The tax payable per unit is differentiated with different ranges
for different regions, i.e., the annual amount of tax payable
per square meter is: 0.5-10 yuan for large cities, 0.4-8 yuan
for medium-size cities, 0.3-6 yuan for small cities, or 0.2-4
yuan for mining districts. Upon approval, the tax payable per
unit for poor area may be lowered or that for developed area
may be raised to some extent.
(3) Computation
The amount of tax payable is computed on the basis of the actual
size of the land occupied by the taxpayers and by applying the
specified applicable tax payable per unit. The formula is:
Tax payable = Size of land occupied ×Tax payable per unit
(4) Major exemptions
Tax exemptions may be given on land occupied by governmental
organs, people's organizations and military units for their
own use; land occupied by units for their own use which are
financed by the institutional allocation of funds from financial
departments of the State; land occupied by religious temples,
parks and historic scenic spots for their own use; land for
public use occupied by Municipal Administration, squares and
green land; land directly utilized for production in the fields
of agriculture, forestry, animal husbandry and fishery industries;
land used for water reservation and protection; and land occupied
for energy and transportation development upon approval of the
State.
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