2. Business tax policy If an individual sells a house that has been purchased for less than 2 years, the full amount of business tax will be levied; if an individual sells a house that has been purchased for more than 2 years (inclusive), the business tax will be exempted. (Leju’s Note: The original policy is “If an individual sells a house purchased less than 2 years ago, the full business tax will be levied; if an individual sells a non-ordinary house purchased more than 2 years ago (inclusive), the business tax shall be deducted according to the sales income Business tax is levied on the difference after the purchase price of the house; if an individual sells ordinary housing that has been purchased for more than 2 years (including 2 years), the business tax is exempted. ") The specific procedures for applying for tax exemption, time for purchasing the house, issuance of invoices, and non-tax exemptions. Acquisition of housing in the form of purchase and other related tax management regulations are in accordance with the "Notice of the General Office of the State Council forwarding the opinions of the Ministry of Construction and other departments on stabilizing housing prices" (Guobanfa [2005] No. 26), the State Administration of Taxation and the Ministry of Finance The relevant provisions of the Ministry of Construction’s Notice on Strengthening Real Estate Tax Administration (Guo Shui Fa [2005] No. 89) and the State Administration of Taxation’s Notice on Several Specific Issues in the Implementation of Real Estate Tax Policies (Guo Shui Fa [2005] No. 172) are implemented . When we pay the deed tax, generally, there are certain differences for different areas and whether it is the first home. Regarding the new deed tax policy for first homes in 2022, we have certain discounts for first homes. Moreover, when we pay, if we meet certain conditions, we can apply for exemption.