The Provincial Department of Finance, together with the Provincial State-owned Assets Supervision and Administration Commission and the Provincial Government Offices Administration, jointly issued the "Notice on the Implementation Rules for Reducing and Exempting State-owned Housing Rent in 2022" in a bid to help market players solve difficulties, boost confidence, and promote the recovery of the service industry.
The rent reduction and exemption are aimed at small and micro service enterprises and self-employed businesses that rent state-owned houses.
For small and micro service enterprises that rent state-owned houses, the rent is free from March to May if the county where the company is headquartered is not listed as a medium and high-risk zone.
The rent will be postponed or reduced or exempted for an additional 3 months from the current month after the release of the detailed rules, if the area is classified as a medium-high-risk zone.
A rent-waiver will be extended from March to August if the county where the small and micro service enterprises renting state-owned housing is located is classified as a medium and high-risk zone.
Jiangsu has issued a rent reduction and exemption policy for renting state-owned houses for three consecutive years by reducing and exempting about 600 million yuan in 2020 and benefiting more than 8,000 small and medium-sized enterprises and self-employed businesses.
In 2021, about 130 million yuan in rents for state-owned houses will be reduced or exempted in Nanjing and Yangzhou, benefiting more than 2,500 enterprises and self-employed businesses.
