Clarification on Real Property On-Letting
Posted by China Sourcing CommentatorDec 4
Dec. 4 – The State Administration of Taxation has released Circular 639 to further explain individual income tax (IIT) treatments on income derived by individuals from on-letting real property. According to the circular, income earned from on-letting real property is taxable under the IIT’s property rental category. On-lessor rental given to the landlord is qualified for [...]
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