Legal Analysis: Taxes are required. Where the business premises sign, change or terminate the lease contract, the lessor and lessee must go through the registration formalities with the real estate management department where the business premises are located within 30 days.

Legal basis: Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Tax Policies for Affordable Housing and Low-rent Housing Leasing II. Tax policies to support the development of housing rental market.

(1) Personal income tax shall be levied at the reduced rate of 10% on the income obtained by individuals from renting houses.

(2) Lease contracts signed by individuals for renting or renting houses shall be exempted from stamp duty.

(3) For individual rental housing, the business tax will be halved on the basis of 3% tax rate, and the property tax will be levied at 4% tax rate, and the urban land use tax will be exempted.

(4) Enterprises, institutions, social organizations and other organizations rent houses to individuals at market prices, and the property tax is levied at a reduced rate of 4%.