Core Points - Beijing's housing rental enterprises will benefit from new tax policies starting January 1, 2024, aimed at promoting the rental market [1][2] - The tax rate for value-added tax (VAT) will decrease from 5% to 1.5% for qualifying rental enterprises [1] - Property tax rates will be reduced from 12% to 4% for organizations renting to specialized rental enterprises or for guaranteed rental housing [1] Group 1 - The new policy clarifies the scope of tax benefits for housing rental enterprises that operate with self-owned or legally managed properties [1] - The threshold for qualifying as a specialized rental enterprise has been lowered from 1,000 units or 30,000 square meters to 500 units or 15,000 square meters [2] - The policy aims to simplify the recognition process for specialized rental enterprises, allowing automatic recognition based on monthly statistics from the housing rental management platform [2] Group 2 - The initiative is part of a broader effort to optimize the business environment in Beijing and enhance the "Beijing Service" brand [2] - The automatic recognition process for specialized rental enterprises is designed to reduce administrative burdens and improve operational efficiency [2]

Core Viewpoint - Beijing's housing rental industry is set to benefit from new tax policies aimed at supporting high-quality development and optimizing the business environment, effective January 1 next year [1][2] Group 1: Tax Policy Changes - Housing rental enterprises can enjoy a reduced value-added tax rate from 5% to 1.5% if they operate with self-owned or legally managed properties and are registered with local housing authorities [1] - Organizations renting to specialized housing rental enterprises can benefit from a reduced property tax rate from 12% to 4% [1] Group 2: Standards for Specialized Rental Enterprises - The threshold for qualifying as a specialized housing rental enterprise has been lowered from 1,000 units or 30,000 square meters to 500 units or 15,000 square meters, expanding the coverage of tax benefits [2] - The Beijing housing rental management service platform will automatically recognize and publish information on enterprises meeting the new standards, streamlining the recognition process for specialized rental enterprises [2]

Core Viewpoint - The new tax policies for the housing rental industry in Beijing aim to support high-quality development and optimize the business environment, effective from January 1 next year [1] Group 1: Policy Scope - The notification specifies that housing rental enterprises operating with self-owned or legally acquired management rights can enjoy tax benefits if they are registered with the local housing authority [2] - Housing rental enterprises can benefit from a reduced VAT rate from 5% to 1.5% and a property tax rate reduction from 12% to 4% when renting to specialized rental companies or for guaranteed rental housing [2] Group 2: Standard Adjustment - The standard for specialized housing rental enterprises has been lowered by 50%, now requiring a minimum of 500 rental units or 15,000 square meters of building area to qualify for tax benefits [3] Group 3: Simplified Recognition Process - The notification introduces an "automatic recognition" process where the housing rental management platform will monthly assess and publish qualified enterprises based on their contract and housing source information, streamlining the recognition process [4]

Core Viewpoint - Beijing has introduced a notification regarding the tax policies applicable to housing rental enterprises, which will take effect on January 1 next year, providing significant tax reductions for eligible companies [1]. Tax Policy Summary - Housing rental enterprises that operate with self-owned or legally acquired management rights of others' housing and have registered with the local housing authority can enjoy tax benefits as per the new notification [1]. - The value-added tax (VAT) rate for these enterprises will be reduced from 5% to 1.5% [1]. - Organizations such as enterprises, social groups, and other entities renting housing to specialized and large-scale housing rental companies or designated affordable rental housing will benefit from a reduction in property tax from 12% to 4% [1].