For the items that need to be liquidated, the competent tax authorities shall issue a liquidation notice, and the taxpayer shall go through the liquidation procedures within 90 days from the date of receiving the liquidation notice.

For projects that meet the requirements and should be liquidated by land value-added tax, taxpayers shall go through the liquidation procedures with the competent tax authorities within 90 days from the date when the conditions are met. For projects that meet the provisions of Article 10 of this regulation, the tax machine may require taxpayers to carry out land value-added tax liquidation, and the competent tax machine shall determine whether to carry out liquidation.

In order to ensure the accuracy of land liquidation and avoid tax risks, real estate enterprises must pay attention to the timing of land value-added tax liquidation. Before liquidation, they should ensure that all income and costs have been accounted for, and the costs and expenses have been paid in legal bills, because in land value-added tax liquidation, the actual expenses incurred when calculating the amount of deduction items should be obtained but not deducted.