Has there been any adjustment to the personal income tax policies related to supporting residents in purchasing new homes? The State Administration of Taxation responds.

The State Administration of Taxation has issued an interpretation of the "Announcement of the State Administration of Taxation on the Relevant Tax Administration Matters of Individual Income Tax." Has there been any adjustment to the individual income tax policy related to supporting residents in purchasing new homes? The State Administration of Taxation stated that, according to the "Announcement of the Ministry of Finance, State Administration of Taxation, and Ministry of Housing and Urban-Rural Development on Continuing to Implement the Personal Income Tax Policies to Support Residents in Purchasing New Homes," the relevant personal income tax policies to support residents in purchasing new homes will continue to be implemented until December 31, 2027. The specific regulations and application procedures will also continue as previously specified, and eligible taxpayers should refer to the "Announcement of the State Administration of Taxation on the Relevant Tax Administration Matters of Individual Income Tax Policy to Support Residents in Purchasing New Homes" for processing.