Can the provision of community pension, child care and housekeeping services be exempted from deed tax?
According to the Announcement of the Health and Health Committee of State Taxation Administration of The People's Republic of China Ministry of Commerce of the Development and Reform Commission of the Ministry of Finance on Preferential Tax Policies for Community Family Services (Announcement No.76 of the Health and Health Committee of State Taxation Administration of The People's Republic of China Ministry of Commerce of the Development and Reform Commission of the Ministry of Finance): 1. Institutions that provide services such as pension, child care and housekeeping for the community enjoy preferential tax policies in accordance with the following provisions:
(3) Houses and land used for providing community pension, child care and domestic service shall be exempted from deed tax.
Community service for the aged refers to life care, rehabilitation care, food assistance, emergency assistance, spiritual comfort and other services provided for the elderly.
Community nursing service refers to the care, nursing, diet, maintenance and other services provided for infants under 3 years old (inclusive).
Community domestic service refers to the nursing services provided by family members' residences or medical institutions for pregnant women, infants, the elderly, patients and the disabled, as well as the cleaning and cooking services provided by family members' residences.
What is deed tax?
Deed tax is a kind of property tax levied on property owners by transferring land and housing ownership in China. Its characteristics are as follows:
1, deed tax has the nature of charging;
2. When the house is sold, pawned, donated or exchanged, the deed tax is levied on the property owner, so the taxpayer is the property owner;
3. The deed tax adopts the proportional tax rate.
Accounting entry of deed tax
Borrow: fixed assets/intangible assets
Loans: bank deposits