According to the website of the Ministry of Housing and Urban-Rural Development on March 28th, the Ministry of Housing and Urban-Rural Development issued a notice to adjust the VAT rate of project cost from 10% to 9%. The full text of the notice is as follows:

Notice of the General Office of the Ministry of Housing and Urban-Rural Development on Re-adjusting the VAT rate of construction project valuation

Housing and Urban-Rural Development Departments of all provinces and autonomous regions, Housing and Urban-Rural Development Committee of municipalities directly under the Central Government, Housing and Urban-Rural Development Bureau of Xinjiang Production and Construction Corps, and relevant departments of the State Council:

According to the Announcement of the General Administration of Customs of the Ministry of Finance on Deepening the Reform of Value-added Tax (Announcement No.39 +09 of the General Administration of Customs of the Ministry of Finance), the project cost valuation stipulated in the Notice of the General Office of the Ministry of Housing and Urban-Rural Development on Adjusting the VAT Rate of Construction Projects (Jian B B [2018] No.20) is now adjusted from 10% to,

Please all regions and departments in accordance with the requirements of this notice, organize relevant units to complete the adjustment of construction project cost valuation basis and related valuation software before the end of March 2009.

General Office of the Ministry of Housing and Urban-Rural Development of the People's Republic of China

2065438+March 26th, 2009