With property sales of more than 180 billion yuan in 2015, China Vanke could save 3 billion yuan under the new tax reform. Photo: Reuters
With property sales of more than 180 billion yuan in 2015, China Vanke could save 3 billion yuan under the new tax reform. Photo: Reuters
China property
Property /  Hong Kong & China

Developers set to benefit under China’s VAT pilot scheme

Summer Zhen
Summer Zhen

Updated: 2:20pm, 29 Mar, 2016

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With property sales of more than 180 billion yuan in 2015, China Vanke could save 3 billion yuan under the new tax reform. Photo: Reuters
With property sales of more than 180 billion yuan in 2015, China Vanke could save 3 billion yuan under the new tax reform. Photo: Reuters
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