According to Article 20 of the Measures for the Administration of Invoices of the People's Republic of China, all units and individuals engaged in production and business activities shall obtain invoices from the payee when purchasing goods, receiving services and paying for other business activities. If the developer fails to issue an invoice truthfully, the buyer can bring the purchase contract, the bank mortgage contract (if there is a loan), the developer's receipt or the down payment invoice to the local competent tax authorities to report.
What's the impact of not having a purchase invoice?
1, it is blocked to apply for real estate license without purchase invoice.
When handling the real estate license, the Housing Authority will ask the purchaser to issue an invoice for the full amount of the house purchase, which proves that the house has completed the delivery of funds and the property right of the house can be registered under the name of the purchaser.
If there is no invoice after buying a house, it means that the house has not paid all the relevant taxes and fees, and it is impossible to apply for a real estate license. Because the purchase invoice is also a proof that developers pay value-added tax and land value-added tax.
2. You cannot withdraw the provident fund.
Housing provident fund is a kind of special fund, which can only be used to buy residential commercial housing. If you want to withdraw the provident fund to repay the mortgage, you need to provide a full purchase invoice to prove that the house has been fully paid and the house has been owned by the purchaser himself. Without the purchase invoice, you can't prove this relationship, and you can't normally withdraw the provident fund to repay the mortgage.
3. The settlement will be blocked.
When some cities settle down, they will ask for a purchase invoice. After the buyer moves into a new house, he has to go to the local police station to settle down with the purchase invoice. It is troublesome to settle down without the purchase invoice.
4, the sale of self-occupied housing for less than five years requires the provision of purchase invoices to calculate individual taxes.
Personal income tax can be exempted when selling the house that has been used for five years and is the only house in the family. However, if it is not enough to buy the house for five years or is not the only house, it is necessary to bear 1% of the total transaction amount or 20% of the profit. The profit here is obtained by referring to the difference between the current appraised price and the price on the original purchase invoice of the seller. If you lose the purchase invoice and can't provide the original proof of the purchase price, you will be in trouble when you sell the house.