Optimize the preferential policies of land value-added tax.

According to "People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China on implementation"

Announcement of other related matters (People's Republic of China (PRC) State Taxation Administration of The People's Republic of China AnnouncementNo. 14, 2022), from July 1 day, 2022, the handling methods of land value-added tax concessions are optimized as follows:

(a) the preferential policies for the original record of land value-added tax shall be determined by taxpayers themselves, declared and enjoyed, and relevant information shall be kept for future reference.

(2) Taxpayers can enjoy the land value-added tax declaration by filling in the corresponding tax reduction and exemption columns in the declaration form as required, and the information stipulated in relevant policies shall be kept for future reference.

(3) Taxpayers shall bear legal responsibility for the authenticity, completeness and legality of the materials retained for future reference.

Tips:

The original preferential policies for land value-added tax filing mainly include: (1) individual sales of houses are temporarily exempted from land value-added tax; (two) enterprises, institutions, social organizations and other organizations to transfer old houses as renovation and resettlement housing, the value-added does not exceed 20% of the amount deducted from the project, shall be exempted from land value-added tax. (3) When the property of the revoked financial institution is used to pay off debts, the land value-added tax payable by the revoked financial institution in transferring real estate shall be exempted. (4) If one party leaves the land and the other party contributes, and the two parties cooperate to build a house, and the house is allocated for their own use in proportion after completion, the land value-added tax will be temporarily exempted.

Adjust the tax payment period of land value-added tax

According to the Announcement of Ningbo Taxation Bureau of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Adjusting the Tax Period of Stamp Duty, Resource Tax and Land Value-added Tax (Announcement No.2 of Ningbo Taxation Bureau of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC), 2022): Since July 1 day, 2022, unless otherwise stipulated by State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC), taxpayers who declare land value-added tax on schedule will declare and pay it quarterly. Taxpayers shall file tax returns with the competent tax authorities and pay taxes within 15 days after the end of each quarter.

For example:

After the tax payment period is adjusted, real estate development enterprises need to declare and pay land value-added tax quarterly when transferring real estate developed and built.