Taxation is a major tool for the central government of China to tackle the issue of increasingly heated property markets in China. It is likely that the central government will revamp the real estate tax regime in the coming years to make the taxation tool more effective. Property owners, developers and investors such as real estate funds will directly or indirectly be affected by the change, warn Lewis Lu, Chris Abbiss and Jennifer Weng of KPMG
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Pillar two might be top of mind for many multinational companies, but the huge variations between countries’ readiness means getting ahead of the game now, argues Russell Gammon, chief solutions officer at Tax Systems.