According to the Announcement of the Ministry of Finance and the State Administration of Taxation on Continuing to Implement the Land Value-added Tax Policy on Enterprise Restructuring and Reorganization (Announcement No.21of the Ministry of Finance and the State Administration of Taxation): "IV. Units and individuals invest in real estate at a fixed price during restructuring and reorganization, and the land value-added tax will not be levied for the time being if they transfer or change their real estate to the invested enterprise.

5. The above-mentioned land value-added tax policy related to restructuring and reorganization does not apply to the case that either party to the real estate transfer is a real estate development enterprise.

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The implementation period of this announcement is from 202 1 year/month 1 day to 2023 1 February 3 1 day. If the land value-added tax involved in the process of enterprise restructuring and reorganization has not been processed, it can be implemented according to this announcement in accordance with the provisions of this announcement. "