Property tax is a kind of property tax levied on property owners according to the taxable residual value or rental income of houses.

According to Announcement on Issues Concerning Exemption of Small and Micro Enterprises from VAT and Business Tax, No.57 Announcement No.2014 of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC): "Small-scale VAT taxpayers and business tax taxpayers whose monthly sales or turnover does not exceed 30,000 yuan (including 30,000 yuan, the same below) shall be exempted from VAT or business tax according to the above documents. Among them, small-scale VAT taxpayers and business tax taxpayers with a tax payment period of 1 quarter, whose quarterly sales or turnover does not exceed 90,000 yuan, are exempted from VAT or business tax according to the above documents. "

Small-scale taxpayers now do not pay taxes if their quarterly sales do not exceed 90 thousand.