According to the exposure draft, Zhuhai will adjust the approved collection rate of personal income tax and land value-added tax on the transfer of second-hand houses from 2002 1 year1month1day. Among them, the personal income tax rate of second-hand housing transfer in Zhuhai will be adjusted from 2% to 1%.
According to the new regulations in the exposure draft, the approved personal income tax rate for personal transfer of second-hand houses is adjusted to 1%, and the approved personal income tax rate for personal transfer of second-hand non-residential houses is adjusted to 1.5%. In case of transfer under special circumstances such as auction, it shall be implemented in accordance with relevant tax policies. In addition, the approved collection rate of land value-added tax for personal transfer of second-hand non-residential land is adjusted to 5%.
It is noteworthy that, according to the previous Announcement of the Taxation Bureau of Zhuhai City, State Taxation Administration of The People's Republic of China and Hengqin New District, Zhuhai City, State Taxation Administration of The People's Republic of China on Issues Related to the Income Rate and Approved Collection Rate of Individual Income Tax Industry (No.3, 20 19), the policy made it clear that the approved collection rate of individual income tax on the sale of real estate was 2%.
This also means that after the adjustment, the approved personal income tax rate for the transfer of second-hand houses by individuals in Zhuhai has been reduced by half.
According to the calculation of Leyoujia Research Center, taking Zhuhai's transfer price of 2 million yuan as an example, according to the previous 2% tax rate, personal income tax is required to pay 40,000 yuan. After the tax rate is adjusted, a set of ordinary residential tax can save 20,000 yuan.
Zhuhai City Taxation Bureau of State Taxation Administration of The People's Republic of China explained that the background of tax rate adjustment is to thoroughly implement the Opinions on Further Deepening the Reform of Tax Collection and Management issued by the Central Office and the State Council, effectively standardize the management of taxes and fees for second-hand houses, unify the tax burden and collection and management process for individual second-hand houses, further promote the unification of tax law enforcement standards among regions, improve the convenience of tax collection, reduce the cost of collection and payment, and improve tax compliance and social satisfaction. At the same time, according to the requirements of deepening the "streamline administration, delegate power, strengthen regulation and improve services" reform, serving "six stabilities", "six guarantees", "housing and not speculating" and the "three modernizations" construction of the provincial taxation bureau, the above-mentioned Announcement was formulated in accordance with the principles of "facilitating tax collection for the people", optimizing the business environment, promoting the healthy development of the real estate market and preventing the risks of clean government.
Xu Xiaole, chief market analyst of RealData, said that regardless of the tax relief, the personal income tax rate of second-hand housing transactions in most cities is 1% at present. After Zhuhai adjusts the personal income tax rate of second-hand housing to 1%, it will be consistent with the tax rates of other cities in China, with the aim of improving the consistency of tax management and the fairness of tax burden. For the second-hand housing market, the tax rate is reduced from 2% to 1%, which is good for both buyers and sellers and helps to improve the liquidity of the second-hand housing market.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, also said that the starting point of this policy is related to the policy reform of the tax department. Because the standards of such taxes and fees are different in different places, and many cities are at 1%, it is also expected that Zhuhai will be unified. Moreover, observing Zhuhai's previous actions, in 20 19, it has been reduced from 2.5% in the past to 2%, which also shows that there have been two tax reductions in Zhuhai. Similar operations have also been performed in other cities in Guangdong, such as Zhaoqing, which was lowered from 2% to 1% in September, and Zhongshan, which was lowered from 3% to 2% this year 1 month, which fully shows the orientation of tax and fee policy optimization.