Most of the land auction revenue belongs to local governments. If the land sold is state-owned land, the proceeds from the auction belong to the government. If it is collective land transfer, it belongs to collective organizations. Government land sales revenue does not belong to the local government, and all the revenue is paid into the local treasury. According to the current land transfer fee collection and management policy, the land transfer income and expenditure are all included in the fund budget management, and the land transfer income is collected and managed by the financial department, which can be specifically collected by the municipal and county land and resources management departments. After this reform, the land transfer income will be adjusted to the mode of "financial department management and tax department responsible for collection". The circular also clarified that the scope, objects, standards, reduction, sharing, use and management of government non-tax revenue will continue to be implemented in accordance with the existing regulations. The collection process of income from the transfer of state-owned land use rights shows that the land auction deposit is still collected and remitted by the local planning and natural resources Committee during the land transfer process; After the new regulations, government land transfer income and land development and construction compensation fees will be collected by the tax authorities. Therefore, for real estate enterprises, only the payment object of land leasing and land development and construction compensation is changed from local government to tax department, which has no effect on the amount.

Legal basis:

Land Administration Law of the People's Republic of China Article 9 Urban land belongs to the state. Land in rural areas and suburban areas belongs to farmers' collectives, except for those that are owned by the state according to the law; Homestead, private plots and private hills are collectively owned by farmers.

Measures of People's Republic of China (PRC) Municipality on the Administration of Revenue and Expenditure of Transferring the Right to Use State-owned Land

Article 3 The financial departments at all levels, the land and resources management departments and the local treasury shall, in accordance with the division of responsibilities, manage the land transfer revenue and expenditure respectively. The Ministry of Finance and the Ministry of Land and Resources are responsible for formulating national land transfer revenue and expenditure management policies. The financial departments of provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning shall, jointly with the land and resources management departments at the same level, be responsible for formulating specific policies for the management of land transfer revenue and expenditure within their respective administrative areas, and guide the municipal and county financial departments and land and resources management departments to do a good job in the management of land transfer revenue and expenditure. The financial departments of cities and counties are specifically responsible for the management of land transfer revenue and expenditure and collection management, and the land and resources management departments of cities and counties are specifically responsible for the collection of land transfer income. The local treasury is responsible for the collection, division and retention of land transfer income, and provides relevant statements and materials to the financial department and the land and resources management department in a timely manner.

Fourth land transfer revenue and expenditure in full into the budget management of local government funds. All the income is paid into the local treasury, and the expenditure is arranged from the land transfer income through the budget of local government funds, and a thorough "two lines of revenue and expenditure" management is implemented. Set up a special account (i.e. register) in the local treasury for accounting the income and expenditure of land transfer.