Shanghai Housing Prices Collapse, Homes Can’t Sell, Emergency Stop on Property Tax
Shanghai Housing Prices Collapse, Homes Can’t Sell, Emergency Stop on Property Tax
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The policy mentioned by the blogger refers to the notice issued on September 19th by the Shanghai Municipal Finance Bureau and the Shanghai Taxation Bureau of the State Administration of Taxation. It is titled "Notice on Optimizing and Adjusting the Pilot Policy on Personal Housing Property Taxes in the City," which states that eligible non-local resident families will be temporarily exempt from property taxes.
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