Feb. 6 – In a move to further boost its logistics industry, China is now allowing logistics enterprises to pay less urban land use tax (ULUT) on lands occupied by their commodity warehouses.
According to the “Circular on the ULUT Policy Concerning the Lands Occupied by Logistics Enterprises’ Commodity Warehousing Facilities (caishui [2012] No. 13)” co-issued by the Chinese Ministry of Finance and State Administration of Taxation, between January 1, 2012 and December 31, 2014, land occupied by a logistics enterprise’s self-owned commodity warehousing facilities (for both self-use and renting out) are subject to 50 percent of the ULUT those enterprises were originally supposed to pay based on related regulations. Continue reading




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