10 national tax policy issued two suite accreditation policy will be issued

Tax general release upgraded land VAT liquidation rules every reporter Zhang from Beijing industry insiders generally believe that, with the gradual appearance of regulatory effects, the recent, "State 10" provisions of the important supporting measures (two suites to determine the standard, the Housing enterprise financing threshold, etc.) will be introduced in succession.　　May 26, the State administration of taxation issued an emphasis on the requirements of land value-added tax liquidation, the land value added tax liquidation of the various situations, technically clear. This is since February 2007, the emphasis on standardized land value-added tax liquidation, the IRS once again to regulate.　　This is also in the "Country 10" proposal, tax general issued an important supporting documents.　　Industry insiders said that because of various reasons, the land value-added tax levy has been very irregular, as a higher tax rate, if strictly levied, will have a greater impact on the capital situation of the housing enterprises. Second suite of matching policies will be introduced in the land value-added tax began to levy from 1994 onwards, the target is the land acquisition, transfer, construction of the value added.　　According to the value added amount and deduction amount, the tax rate is divided into 30%, 40%, 50%, 60% four levels, which is a higher tax rate in our country.　　The State administration of taxation yesterday issued the "land value added tax clearing related issues notice" (hereinafter referred to as "notice") on land value-added tax liquidation of various situations, in the technical aspects to be clear. "Notice" stipulates that the land value added tax liquidation when the income recognition, tax deduction, etc., to the invoice issued shall prevail.　　For the real estate enterprise overdue development payment of land idle fees, in the calculation of costs shall not be deducted, for enterprises to obtain land use rights paid by the deed, it should be deducted. The notice also determines the relevant standards for the settlement of land value-added tax in the case of relocation and resettlement, and the transfer of old houses.　　At the same time, in the stipulated time limit to pay the land value-added tax, does not collect late fees. This is in recent years, the State administration of taxation issued a second document on land value-added tax liquidation.　　At the end of 2006, the tax had issued a document requiring all localities to carry out a comprehensive land value-added tax liquidation of the housing enterprises from February 1, 2007 onwards. "Then suffered the international financial crisis, the real estate market cooling, the tax levy has become irregular."　　"Land expert Shaoyun to the daily economic news reporter, said that the market conditions change faster, is the land value-added tax is difficult to really levy the important reason." With the strong rebound in the real estate market since last year, the April 17 "State 10" clearly said, "the tax authorities in strict accordance with the tax law and relevant policy provisions, seriously do a good job of land value-added tax collection management, the price is too high, too fast real estate development projects to focus on liquidation and inspection.　　"People in the industry generally believe that, with the gradual appearance of regulatory effects, the recent," State 10 "provisions of the important supporting measures (two suites to determine the standard, the Housing enterprise financing threshold, etc.) will be introduced.　　The complex levy on the Shaoyun introduction, the current land value-added tax levy is extremely irregular, in order to take care of the interests of developers, many places did not really implement.He said that the land value-added tax liquidation of a strong technical, involving asset valuation, asset liquidation, tax calculation and other aspects of the content, at the same time, many real estate companies carrying complexity, further increase the levy difficulty. It is understood that China's land value-added tax collection procedures are: Enterprises to report the value of assets, by the tax Department for evaluation and liquidation, and then determine the tax rate levied.　　However, because the evaluation procedure is relatively closed, it leaves both sides with a lot of operational space. However, as the tax rate is higher, the land value-added tax is considered as an important tax tool to regulate the real estate market.　　During the "two sessions" this year, a number of delegates put forward policy proposals to stabilize the real estate market, including expanding the scope of property tax collection and imposing a strict levy on land value-added tax.　　A developer, who declined to be named, told the Daily economic news reporter that when the company's capital is not enough, if the strict levy of land value-added tax, will bring greater impact on the enterprise.　　Some experts have calculated, if the land value-added tax liquidation, in Beijing, Shanghai, Shenzhen and other first-tier cities, will have tens of billions of of funds are removed. The developers also said that at present, most of the company's financial situation is abundant, even if the strict levy, the impact on capital turnover is very limited.　　But more insiders worry that the policy could be "difficult to enforce" in the absence of incentives and coercive measures. Shaoyun said that the land value-added tax levy is reflected in the trading link, it is difficult to bring direct impact on the market. However, the high-profile liquidation of the land value-added tax can reduce the market expectations and standardize the various trading behaviors of enterprises.