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Ministry of Finance (China)

Ministry of Finance (China)
The Ministry of Finance (MOF) is a governmental body in China, headquartered in Beijing. As a constituent department of the State Council, its primary mission is to administer macroeconomic policies, manage the national annual budget, and oversee fiscal policy, economic regulations, and government expenditure. Its main areas of activity include formulating and implementing public finance and taxation strategies, drafting relevant laws, managing central government revenue and expenditure, and overseeing government debt.
China property

China housing market gets VAT relief on resales but demand outlook stays subdued

Policy lowering VAT to 3 per cent reduces seller costs but demand recovery is key to stabilising the housing sector, property agents say.

China rolls out trade-in funding for 2026 as campaign to spur spending continues

videocam

Beijing trims property resale tax in fresh push to stabilise housing market

Under new rules, sellers will pay just 3 per cent VAT if they offload a property within two years of purchase, down from 5 per cent.

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