What conditions need to be met in land value-added tax liquidation?
(a) All completed and sold real estate development projects;
(two) the overall transfer of unfinished real estate development projects;
(3) Direct transfer of land use rights.
What is land value-added tax liquidation?
Land value-added tax liquidation refers to the taxpayer's calculation and liquidation of land value-added tax payable for real estate projects in accordance with relevant policies and regulations after meeting the conditions for land value-added tax liquidation.
Basic principles of land value-added tax liquidation
1. Taxpayers shall ensure the truthfulness, accuracy and completeness of the liquidation declaration and truthfully declare the land value-added tax payable.
2. The competent tax authorities shall collect land value-added tax according to law, and timely examine and verify the income, value-added amount, deduction amount and value-added rate declared by liquidation taxpayers.
3, the tax authorities should provide taxpayers with quality tax services, strengthen the land value-added tax policy publicity and guidance.
What liquidation materials do taxpayers need to provide when land value-added tax is liquidated?
Taxpayers should provide the following liquidation information when clearing the land value-added tax:
(a) land value-added tax settlement table and its schedule (see annex for a sample of the reference table, which can be formulated according to local actual conditions).
(two) the liquidation of real estate development projects, the main contents should include the basic situation of real estate development projects, land use, development, sales, related transactions, financing, tax payment and other information that the competent tax authorities need to know.
(3) Final statement of project completion, certificate of land price paid for land use right, contract for assignment of state-owned land use right, notice of interest settlement of bank loan, statement of project contract, statistical table of commercial housing sales contract, sales progress, pre-sale permit and other supporting materials related to income, cost and expenses of real estate transfer. If the competent tax authorities need accounting vouchers for the corresponding items, the taxpayer shall also provide a copy of the accounting vouchers.
(4) If a taxpayer entrusts a tax intermediary agency to review the liquidation matters, it shall also submit the land value-added tax liquidation assessment report issued by the intermediary agency.
Accounting entries of land value-added tax
1. Enterprises engaged in real estate business
Borrow: taxes and surcharges
Loan: taxes payable-land value-added tax payable
2. Enterprises engaged in real estate business.
Debit: other business costs
Loan: taxes payable-land value-added tax payable
3. Pay the land value-added tax according to the tax law.
Borrow: taxes payable-land value-added tax payable
Loans: bank deposits
4. Received the returned overpaid land value-added tax.
Debit: bank deposit
Loan: taxes payable-land value-added tax payable