Source: Ministry of Finance If villagers committees or villager groups transfer or change state-owned land use rights, buildings on the ground and their attachments to the name of rural collective economic organizations in accordance with the requirements of the rural collective property rights system reform, land value-added tax will not be levied temporarily.
On April 25, the Ministry of Finance and the State Administration of Taxation issued an announcement on the land value-added tax policy for the reform of the rural collective property rights system, which proposed that villagers committees and villager groups shall, in accordance with the requirements of the reform of the rural collective property rights system, transfer state-owned land use rights and buildings on the ground to If the property and its attachments are transferred or changed to the name of a rural collective economic organization, land value-added tax will not be levied temporarily.
The rural collective economic organizations mentioned in the announcement should be registered with the agricultural and rural departments in accordance with regulations, be given a unified social credit code starting with the letter \”N\”, and obtain a \”Rural Collective Economic Organization Registration Certificate.\”
The announcement will be effective from January 1, 2024.
