Higher land tax increase to be levied next January

Our News (reporter Chongmei) recently issued the "on the implementation of the state departments of the real estate market macro-control policy related issues notice" requirements from October 1 this year, for developers levied on land value-added tax Shengzheng rate from 1% to 2% to 3%.　　Yesterday, the municipal Bureau of the relevant officials in an interview, said that the current land value-added tax implementation is "quarterly Shengzheng", so the quarter of the real estate land value-added tax will be levied next January. Introduction of the relevant person in charge of local taxation bureau VAT should have been completed in real estate projects, sales after the completion of the levy, but in order to ensure timely tax revenue, the current implementation of the land value-added tax "quarterly Shengzheng", that is, developers every quarter to obtain sales revenue, after the end of the quarter, the beginning of the next quarter to pay taxes. Thus, although the policy announcement time has been "lagging" for two months, it does not affect the fourth quarter of this year's Land sales tax levied in the city next January.