Core Viewpoint - The announcement by the Ministry of Finance and the State Taxation Administration extends tax incentives for public rental housing (PRH) construction and operation until December 31, 2027, to support the development of affordable housing in urban areas [1][4]. Tax Incentives Summary - Exemption from urban land use tax during the construction period and for land occupied by completed PRH. For other housing projects that include PRH, the exemption applies proportionally based on the PRH's construction area relative to the total area [1][7]. - Exemption from stamp duty for PRH management units related to construction and management. Similar proportional exemptions apply for other housing projects that include PRH [1][7]. - Exemption from deed tax and stamp duty for PRH management units purchasing housing as PRH, and for both parties in a rental agreement [1][7]. - Exemption from land value-added tax for organizations transferring old houses as PRH sources, provided the appreciation does not exceed 20% of the deductible amount [1][7]. - For organizations donating housing as PRH, 12% of their annual profit can be deducted from taxable income, with excess amounts allowed to be carried forward for three years. Individuals donating housing can deduct up to 30% of their declared taxable income [2][7]. - Exemption from personal income tax for eligible urban housing security families receiving rental subsidies from local governments [3][8]. - Exemption from property tax for PRH, and rental income from PRH is exempt from value-added tax, provided the income is accounted for separately [3][8]. - The PRH must be included in government-approved development plans and managed according to specific guidelines to qualify for these tax incentives [3][8]. - Taxpayers must file for tax exemptions and retain relevant documentation for verification [3][8]. - The announcement is effective until December 31, 2027 [4].

Core Viewpoint - The Ministry of Finance and the State Taxation Administration have announced the continuation of tax incentives for public rental housing until December 31, 2027, to support its construction and operation [1][3]. Tax Incentives for Public Rental Housing - Exemption from urban land use tax during the construction period and for land occupied by completed public rental housing [1]. - Exemption from stamp duty for management and construction of public rental housing, proportional to the area of public rental housing in mixed projects [1]. - Exemption from deed tax and stamp duty for public rental housing management units purchasing housing for public rental purposes [1]. - Exemption from land value-added tax for organizations transferring old houses as public rental housing, provided the appreciation does not exceed 20% of the deductible amount [1]. - Donations of housing for public rental purposes by enterprises and social organizations can deduct up to 12% of annual profit for tax calculations, with excess amounts allowed to be carried forward for three years [1]. Individual Tax Benefits - Individuals donating housing for public rental purposes can deduct up to 30% of their declared taxable income for the year [2]. Additional Tax Exemptions - Housing rental subsidies received by eligible urban housing security families from local governments are exempt from personal income tax [3]. - Public rental housing is exempt from property tax and rental income from public rental housing is exempt from value-added tax, provided the rental income is separately accounted for [3]. - The definition of public rental housing eligible for these tax benefits includes those approved by local governments and managed according to specific guidelines [3].

Core Viewpoint - The Ministry of Finance and the State Taxation Administration have announced the continuation of tax incentives for public rental housing to support its construction and operation [1]. Tax Incentives Summary - Public rental housing construction and land use during the construction period are exempt from urban land use tax. For other housing projects that include public rental housing, the exemption applies proportionally based on the area of public rental housing [4]. - Public rental housing management units are exempt from stamp duty related to the construction and management of public rental housing. This exemption also applies proportionally for other housing projects [4]. - Public rental housing management units are exempt from deed tax and stamp duty when purchasing housing for public rental use. Both parties in the rental agreement are exempt from stamp duty on the lease [5]. - Organizations transferring old houses as public rental housing are exempt from land value-added tax if the appreciation does not exceed 20% of the deductible amount. Donations of housing for public rental use by organizations are deductible up to 12% of annual profit, with excess amounts allowed to be carried forward for three years. Individual donations are deductible up to 30% of declared taxable income [6]. - Housing rental subsidies received by eligible urban housing security families from local governments are exempt from individual income tax. Public rental housing is also exempt from property tax and value-added tax on rental income, provided that the rental income is accounted for separately [7]. - The public rental housing that qualifies for these tax incentives must be included in government-approved development plans and managed according to specific guidelines [7]. - Taxpayers must file for tax exemption according to regulations and retain relevant documentation for verification [9]. - The announcement of these tax incentives will be effective until December 31, 2027 [8].