To actively deal with the COVID-19, support enterprises to resume work and production, and promote the stable and healthy development of the economy, Shandong has decided to carry out phased reduction and exemption policy of house property tax and tax on using urban land for severely-affected industries and small-scale VAT taxpayers.
Taxpayers in six sectors including transportation, catering, accommodation, tourism, exhibition and movies can apply for exemption from house property tax and urban land use tax in the first quarter of 2020.
Small-scale VAT taxpayers are also allowed to apply for exemption from taxes like the real estate tax and tax on urban land use.
Taxes on house property and urban land use are to be reduced or exempted for those who have exempted individual businesses from rental during the epidemic.
It is estimated that about 0.8 billion yuan of house property tax and urban land use tax will be exempted in the first quarter of 2020 after the implementation of the policy.