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According to a circular released by the administration, earnings from auctions of private property -- excluding manuscripts and their copies -- will be taxed at a rate of 20 percent. Earnings are defined as final auction prices after deduction of commissions and the original value of the items.

A two percent tax will be levied on properties certified by cultural heritage authorities as cultural relics being brought back into China from overseas, the circular says.

 

 

 

 
 
 
 
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