Land value-added tax Shengzheng New deal landed developers don't worry

Guo Xin Shengzheng rate of land value-added tax increased by 1%, in Guangdong's developers, its policy signal significance is much greater than its actual effect.　　Recently, the Guangzhou Taxation Bureau issued the "on the adjustment of our city land value-added tax Shengzheng rate" in the announcement of Guangzhou land value-added tax Shengzheng rate adjustment, of which the ordinary type of residential Shengzheng rate from 1% to 2%. The Shengzheng rate adjustment is to implement the State administration of taxation issued in May this year, "on the strengthening of land value-added tax management work notice" (hereinafter referred to as "notice"), "in addition to affordable housing, the eastern provinces Shengzheng rate must not be less than 2%, the central and Northeastern provinces should not be less than 1.5%, the western provinces shall not be less than 1　　% "Adjustment requirements. After the announcement of the IRS announcement, some cities in Shandong, Zhejiang, Jiangsu, Fujian and other provinces have raised their respective land value-added tax Shengzheng rates in June. Guangdong Province, Guangzhou, Shenzhen and other five cities in late August began the Shengzheng rate hike.　　So far, there has been no movement in Shanghai. "We would like to interpret it as a policy signal to the government to crack down on the real estate market. "Zhongyuan Real Estate project general Manager Huang to our correspondent said," The land value-added tax original Shengzheng scale is not big, the increase of 1%, the real estate market impact is limited.　　"And Zhongshan State City real estate general manager Zeng Wenxiong blushes, the land value-added tax rate may indirectly push up prices have almost become the consensus of local developers," land value-added tax Shengzheng rate increases the cost of the open, the future increase in costs will certainly be reflected in the price.　　The increase in the Shengzheng rate of land value-added tax, Shenzhen, Dongguan, Zhongshan, Guangzhou, Zhuhai, the city has raised the average Shengzheng rate of 0.5%-1%, unified to 2%. "The increase in the Shengzheng rate of land value-added tax in Guangdong area has not exceeded expectations." "Huang to our correspondent said," The purpose of the policy is to tighten the real estate market regulation, tightening the cash flow of developers, the second is to speed up the development of idle projects by the open business, increase market supply. "The impact of the new deal on developers ' cash flow depends on the size of the company. Chen Kwok-keung, vice president of the China Real Estate Society, said to our correspondent, "Generally speaking, large companies are affected by the larger, large developers have more projects, the higher Shengzheng rate will pull the company's large-scale costs, but the overall impact will not be very large."　　Zeng Wenxiong also said that at present, Guangdong two or three-line cities such as Zhongshan, such as the relatively rich channels of financing, in the Bank and other platforms financing costs rise, developers still have many other options. And on the role of improving the Shengzheng rate of land value-added tax in promoting the development of idle projects, Zeng Wenxiong is not very optimistic, he said, "The current local land project growth rate is far greater than the increase in land value-added tax, now can win the project is also the fund has the background of the developers, the progress of the project development will not be affected by the Shengzheng rate increase." Mr Chan said the Shengzheng rate of land value-added tax was limited even if a few more points were added: "What really kills developers is land growthThe liquidation of a value tax.　　"According to the People's Republic of China's Land value-added tax provisional regulations, the current land value-added tax on the four-level excess progressive rate system, the tax rate depends on the value added amount and deduction of the relative proportion of the project amount, from low to high to be divided into 30%, 40%, 50%, the maximum can reach the At present, the biggest problem of land value-added tax is still in the liquidation link. Said Mr Chan. In 2006, the State Administration of taxation issued the "notice on the relevant issues concerning land value-added tax liquidation management of real estate development Enterprises", which stipulates seven kinds of necessary and can request the land value-added tax liquidation, including the whole project of the developer transfer, the direct transfer of land use rights, the project sales rate has reached 85%,　　The project has not been sold for three years and so on. It is understood that some developers in order to evade the land value added tax liquidation, there is a deliberate control of the project sales rate of not more than 85% phenomenon. However, according to Mr Chan, even if the project has met the liquidation conditions, most of its land VAT liquidation has not been implemented. "The main implementation is too difficult, on the one hand too much difficult to liquidate, on the other hand, land value-added tax liquidation of the relevant staff requirements are also higher, the current local government to carry out the conditions of this work is not mature." ”