Announcement of the State Administration of Taxation on the issuance of the "Interim Measures for the Collection and Administration of Value-Added Tax on Transfers of Real Estate by Taxpayers" (State Administration of Taxation Announcement No. 14, 2016) March 31, 2016
Article 3 When a general taxpayer transfers the real estate it acquires, it shall pay value-added tax in accordance with the following provisions:
(2) When a general taxpayer transfers its self-built real estate before April 30, 2016, it may choose to apply the simplified calculation method The tax is calculated according to the tax method. The total price and extra-price expenses obtained are taken as the sales volume, and the tax payable is calculated according to a 5% tax rate. Taxpayers should prepay taxes to the local tax authority in charge of the location of the real estate in accordance with the above tax calculation method, and declare tax to the national tax authority in charge of the location of the institution.
Because the announcement has just been promulgated, the General Office of the State Administration of Taxation has an interpretation: (1) Policy requirements: According to the acquisition time of the real estate, the taxpayer category, and the type of real estate, how will the taxpayer transfer the real estate acquired? Prepayment at the location of the real estate and how to declare tax at the location of the institution have been further detailed and clarified.
Personally, I believe that for self-built real estate before April 30, 2016, at least the self-built real estate has been completed and the relevant property rights certificate has been issued (the time of acquisition is clear).