The 2022 new tax policy includes deed taxes, house maintenance funds, property management fees, ownership registration fees and transaction fees.

The proportion of deed tax paid is 1.5% of the total house price; the stamp tax is paid directly when signing the agreement, which is 0.05% of the total house price. Generally, it is paid at the same time as the down payment, so that the developer can handle the contract registration and real estate certificate in a unified manner. Bank mortgage fees include mortgage registration fees, warrant stamp duties and insurance premiums.

The 2022 tax preferential policies are:

1. From March 1 to May 31, 2020, a 3% collection rate will be applied to small-scale value-added tax taxpayers in Hubei Province Taxable sales income is exempt from value-added tax;

2. Prepayment of value-added tax is suspended for items subject to a 3% prepayment rate;

3. Except for Hubei Province In addition, small-scale VAT taxpayers in other provinces, autonomous regions, and municipalities directly under the Central Government are subject to a 3% taxable sales tax rate, and a reduced VAT rate of 1% is applied;

4. A 3% pre-tax rate is applicable. For items with prepaid VAT at a reduced rate of 1%, the VAT will be prepaid at a reduced rate of 1%.

Legal Basis

"Tax Collection and Administration Law of the People's Republic of China"

Article 29 In addition to tax authorities, tax personnel and tax No unit or individual may conduct tax collection activities except those units and personnel entrusted by the government in accordance with laws and administrative regulations. Article 8 Taxpayers and withholding agents have the right to learn from tax authorities about the provisions of national tax laws and administrative regulations as well as information related to tax payment procedures.

Taxpayers and withholding agents have the right to require the tax authorities to keep the status of taxpayers and withholding agents confidential. The tax authorities shall keep the information of taxpayers and withholding agents confidential in accordance with the law.

Taxpayers have the right to apply for tax reductions, exemptions, and tax refunds in accordance with the law.

Taxpayers and withholding agents have the right to state and defend decisions made by tax authorities; they also have the right to apply for administrative reconsideration, file administrative lawsuits, and request state compensation in accordance with the law.

Taxpayers and withholding agents have the right to accuse and report illegal and disciplinary behaviors of tax authorities and tax personnel.