This site makes use of Javascript, please enable your web browser to allow Javascript. Thank you.

Shanghai Municipal Government to Abolish Land Use Fee Starting 2009

November 27, 2008

On November 27, 2008, the Shanghai Municipal Government issued the Decision on Revision of the Measures for Land Use Right Grant/Transfer (the "Decision"), effective January 1, 2009. The Decision, among other actions, abolishes the levy of land use fees, the amount of which, with respect to a particular parcel of land, would have been 1 RMB per square meter, multiplied by the total area of the land, payable annually throughout the use term of such land. The abolishment of land use fees will have the effect of lowering the cost of land users located in Shanghai.

Copyright ©2009 by Kaye Scholer LLP. All Rights Reserved. This publication is intended as a general guide only. It does not contain a general legal analysis or constitute an opinion of Kaye Scholer LLP or any member of the firm on the legal issues described. It is recommended that readers not rely on this general guide but that professional advice be sought in connection with individual matters. References herein to "Kaye Scholer LLP & Affiliates," "Kaye Scholer," "Kaye Scholer LLP," "the firm" and terms of similar import refer to Kaye Scholer LLP and its affiliates operating in various jurisdictions.

Also of Interest

Legal Services