The tax payable shall be calculated in RMB, and if the transfer of land and house ownership is settled in foreign exchange, it shall be calculated by converting it into RMB according to the central parity of RMB market exchange rate published by the People's Bank of China on the date when the tax obligation occurs.
According to Article 3 of the Provisional Regulations on Deed Tax in People's Republic of China (PRC), the deed tax rate is 3-5%. However, the applicable tax rate of deed tax shall be determined by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government according to the actual situation in the region within the range specified in the preceding paragraph, and reported to the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China for the record. In other words, different local deed tax rates are formulated by local governments according to actual conditions.
Extended data:
The deed tax calculation method for the transfer of real estate license is: tax payable = tax basis × tax rate.
Because deed tax is a special tax levied on the change of real estate property rights, it is a tax levied on units and individuals who have obtained land use rights and housing ownership when housing property rights change. Therefore, the deed tax should be paid by the party who has obtained the right to use the land and the ownership of the house, and the tax rate and other policies treat commercial housing and second-hand housing equally.
However, if state organs, institutions, social organizations and military units inherit land and houses for office, teaching, medical care, scientific research and military facilities, they may be exempted from deed tax.
Baidu Encyclopedia-People's Republic of China (PRC) Interim Regulations on Deed Tax
Baidu encyclopedia-deed tax on house purchase