As the country has launched the online signing of the purchase contract, the deed tax is generally paid when the purchase contract is filed with the Housing Authority. In the later stage, you need to issue deed tax payment certificate for real estate license.
Deed tax is a tax levied on heirs when the ownership of land and houses is transferred. The current Provisional Regulations on Deed Tax in People's Republic of China (PRC) came into effect on June 1997+ 10/day. Enterprises and individuals that have acquired the ownership of land and houses in China shall pay deed tax according to law.
Transfer of land and house ownership in the following ways shall be regarded as land use right transfer, house sale or house gift, and deed tax shall be levied: land and house ownership shall be invested as shares, debt shall be paid by land and house ownership, land and house ownership shall be inherited in the form of winning prizes, and land and house ownership shall be inherited in the form of purchasing houses in advance or raising funds in advance. The deed tax is subject to a proportional tax rate of 3%-5%.