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China will not pilot property tax reform in more cities in 2022

Updated: Mar 17, 2022 Xinhua Print
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Potential homebuyers check housing project models at a real estate agency in Lingao county, Hainan province. [Photo by XU ERSHENG/FOR CHINA DAILY]

BEIJING -- China's finance ministry has said there are no suitable conditions this year to expand the country's list of pilot cities for real estate tax reform.

The judgement was made after various aspects were taken into consideration, a Ministry of Finance official told Xinhua when answering questions regarding the real estate tax reform pilot program.

The program was implemented with the authorization of the Standing Committee of the National People's Congress, and investigations and preliminary studies have been carried out in some cities, the official said. 

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