Announcement of the Ministry of Finance and the State Administration of Taxation on the Value-Added Tax Policy for Individual Housing Sales

This document adjusts the VAT policy for individual housing sales, stipulating that housing sold within 2 years of purchase is subject to a 3% VAT rate, while housing held for 2 years or more is exempt from VAT. It takes effect on January 1, 2026, and supersedes relevant provisions of the previous pilot policy.