Short answer: The most commonly shared tax is the 2% transfer fee, often split 50/50 between buyer and seller. Withholding tax, stamp duty, and specific business tax are generally the seller’s responsibility, although this should be agreed in writing in the sales contract.
The most commonly shared tax is the 2% transfer fee, often split 50/50 between buyer and seller. Withholding tax, stamp duty, and specific business tax are generally the seller’s responsibility, although this should be agreed in writing in the sales contract. In practice, who pays what can vary depending on market conditions and negotiations.