From January 1, 2021 to December 31, 2023, enterprises undergoing restructuring and reorganization are eligible for exemption from deed tax if they meet relevant conditions
Sending agency: Ministry of Finance, State Administration of Taxation Delivery time: 2021-05-29
Enterprises shall undergo overall restructuring in accordance with the relevant provisions of the Company Law of the People's Republic of China, including the restructuring of non corporate enterprises into limited liability companies or joint-stock limited companies, the transformation of limited liability companies into joint-stock limited companies, and the transformation of joint-stock limited companies into limited liability companies. If the original investment entity of the enterprise still exists and holds more than 75% of the equity (shares) in the restructured (changed) company, and the company inherits the rights and obligations of the original enterprise after the restructuring (change), the company shall be exempt from deed tax for assuming the ownership of the original enterprise's land and houses after the restructuring (change).?? This announcement will be implemented from January 1, 2021 to December 31, 2023. From the date of implementation, enterprises and institutions that comply with the provisions of this announcement but have already paid deed tax during the process of restructuring and reorganization may apply for tax refunds; If the deed tax involved has not been processed and complies with the provisions of this announcement, it may be executed in accordance with this announcement.
