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Taxes payable by the construction industry
Construction enterprises should pay 3% business tax, 7% urban construction tax, 3% education surcharge, various funds, withhold and remit subcontract business tax in the case of general construction contract, and stamp duty, enterprise income tax and individual tax of 0.03% of the contract price. Business tax is a tax levied on the turnover of units and individuals that provide taxable services, transfer intangible assets or sell real estate in China.

Urban construction tax is designed according to the needs of different levels of urban maintenance and construction funds. Different regions implement different proportional tax rates, that is, different proportional tax rates are stipulated according to different administrative regions such as cities, counties or towns where taxpayers are located. Additional education fees are extra-budgetary funds collected by the tax department, arranged by the education department at the same level, supervised and managed by the financial department at the same level, and earmarked for the development of local education.

Stamp duty is a kind of tax levied on the behavior of concluding and receiving legally effective certificates in economic activities and economic exchanges. Enterprise income tax refers to the income tax levied on enterprises and other organizations with income in People's Republic of China (PRC), with the income from their production and operation as the object of taxation.

The taxes involved in the construction industry include business tax, urban construction tax, education surcharge, stamp duty, personal income tax, enterprise income tax, property tax and land use tax. According to administrative regulations, units and individuals with the obligation to withhold and remit taxes are withholding agents. Taxpayers and withholding agents must pay taxes, withhold and remit taxes and collect and remit taxes in accordance with the provisions of laws and administrative regulations.

legal ground

Article 19 of the Law of People's Republic of China (PRC) on the Administration of Tax Collection, taxpayers and withholding agents shall set up account books and keep accounts in accordance with relevant laws, administrative regulations and the provisions of the competent departments of finance and taxation of the State Council, and conduct accounting according to legal and valid vouchers. Article 35 Under any of the following circumstances, the tax authorities have the right to verify the tax payable;