Sichuan: The entire province unifies the cancellation of standard for ordinary residential and non-ordinary residential.

The People's Government of Sichuan Province issues a notice on the cancellation of standard for ordinary residential and non-ordinary residential. 1. The cancellation of standard for ordinary residential and non-ordinary residential is unified across the province. 2. In accordance with the "Interim Regulations of the People's Republic of China on Land Value Added Tax" and its implementation rules, taxpayers who construct ordinary standard residential units that meet the following three conditions and sell them, with the increase in value not exceeding 20% of the deductible amount, will continue to be exempt from land value added tax: the residential area's building volume ratio is above 1.0; the individual building area is below 140 square meters; the actual transaction price is lower than 1.2 times the average transaction price of houses on the same level of land.