If the project meets the conditions for land value-added tax liquidation, the taxpayer shall, within 90 days from the date of meeting the conditions, go through the liquidation procedures with the competent local tax authorities and truthfully fill out the land value-added tax liquidation form; Where the local tax authorities require taxpayers to carry out land value-added tax liquidation, the competent local tax authorities shall issue a Notice of Land Value-added Tax Liquidation, and the taxpayers shall go through the liquidation procedures with the competent local tax authorities within 90 days from the date of receiving the notice of liquidation.

According to the Notice of State Taxation Administration of The People's Republic of China Municipality on Printing and Distributing the Provisions on the Administration of Land Value-added Tax Liquidation (Guo Shui Fa [2009] No.91), a taxpayer who meets one of the following conditions shall carry out land value-added tax liquidation:

1. For real estate development projects that have been completed and accepted, the transferred real estate construction area accounts for more than 85% of the saleable construction area of the whole project, or the remaining saleable construction area has been sold or occupied, although the proportion does not exceed 85%;

2 sales (pre-sale) license is less than 3 years;

3. The taxpayer applies for cancellation of tax registration but fails to go through the land value-added tax liquidation procedures (the land value-added tax liquidation shall be carried out before cancellation of tax registration).