Some time ago, the 33rd meeting of the Standing Committee of the 13th Guangdong Provincial People’s Congress voted and adopted relevant decisions, making it clear that the applicable tax rate of deed tax in Guangdong Province will continue to be maintained at 1-3%, which will come into force on September 1 this year.
It is understood that the deed tax law of the people’s Republic of China passed in August last year will go into effect on September 1 this year. The law authorizes local governments to determine the specific applicable tax rate within the range of 3% to 5%, as well as the specific measures for exemption or reduction of deed tax in some cases.
After the promulgation of the deed tax law of the people’s Republic of China, there have been rumors that the deed tax on housing transactions in Guangdong will be adjusted, with the first set of 3% and the second set of 5%.
Now, the official rumor has been refuted, and the deed tax in Guangdong remains unchanged. You can rest assured.
However, it is worth noting that the deed tax in Guangzhou is slightly different from that in Guangdong.