subject: Lat Developer Not Worried About The Warning Sings Of The New Political Ground [print this page] Warning sings of the land value-added tax by one percentage point rate rise , developers appear in Guangdong , its policy significance of the signal is much greater than its practical effect .
Recently, the Guangzhou Local Taxation Bureau issued a " warning sings on the adjustment of city land value-added tax rate announcement " warning sings of the land value increment tax rate in Guangzhou to adjust the warning sings of one common type of residential raised rates from 1% 2% .
The warning sings of rate adjustment is to implement the State Administration of Taxation issued in May of this year 's " work on strengthening the land value increment tax collection notice " (the " Notice " ), the "In addition to affordable housing , the warning sings of eastern province Rate of not less than 2% , central and northeastern provinces of not less than 1.5% , in the western region not less than 1% of the province " for the adjustment .
IRS "Notice" is published, Shandong, Zhejiang , Jiangsu, Fujian Province, part of the city was in June raised its own warning sings of the land value-added tax rate . The Guangdong Province, Guangzhou , Shenzhen and other five cities have also started in late August warning sings of the work rate up . Up to now, Shanghai has not had action .
"We prefer to interpret it as the fight against the real estate market, a policy signal . " Zhongyuan Huang Tao , general manager of real estate projects on the reporter said, " the warning sings of the scale of the original land value increment tax would not be large, the rise 1 percentage point , the practical implications for the real estate market is limited . "
The Zhongshan city real estate , general manager of Adaptation is no denying that the land value-added tax rate may be indirectly pushing up house prices has almost become the consensus of local developers , " the warning sings of the land value-added tax rate increase raised the cost of opening business , the future Increased costs will be reflected in housing prices in the . "
The warning sings of rate increases in land value increment tax , Shenzhen, Dongguan, Zhongshan, Guangzhou, and Zhuhai cities has raised the warning sings of ordinary class residential rate from 0.5 to 1 percentage point to 2% of unity .
" Guangdong warning sings of the land value-added tax rate increases do not exceed our expectations. " Huang Tao told this reporter that " the policy aim is to intensify regulation of the real estate market , tightening the developers cash flow ; Second, speeding up the opening Business of the idle project development , increase market supply . "
"New Deal on the developer 's cash flow depends on company size . " Kwok-keung , vice president of China Real Estate Association , said the reporter , "In general, relatively large companies affected by large developers in the hands of large projects are more increased Prerequisitioned rate pushed the cost of the company's scale , but overall not have much effect . "
Tseng Wen -hsiung said the current second and third tier cities such as Zhongshan, Guangdong and other places relatively abundant financing channels , banks and other platforms in the rise in financing costs , the developers still have other options.
The warning sings on the increase in land value-added tax rate for idle role in the development project , Tseng Wen -hsiung is not too optimistic , he said , "present rate of growth is much larger than local land projects the increase in land value-added tax , are now able to win projects The funds are also mostly have a background of developers, project development progress of the warning sings of the basic rate hike will not be affected. "
Chan Kwok-keung said the warning sings of the land value-added tax rate increase a few percentage points even further limited influence : " genuinely fatal developers clearing land value-added tax . "
According to " The People's Republic of China Interim Regulations on land value-added tax ", the current land value-added tax system introduced four progressive rates , the tax rate depends on the value added and the relative proportion of the amount of deductible items , from low to high is divided into 30%, 40 % 50% , up to 60% of value added .
"The current land value-added tax or in the liquidation of part of the biggest problems . " Mr Chan said . In 2006 the State Administration of Taxation issued a " value-added tax on the liquidation of real estate development company land management issues related to notice " must be provided for the seven , and may require liquidation of land value-added tax , including the transfer of project developers as a whole , the direct transfer Land use rights , project sales rate has reached 85% completion of the project for three years and so did not sell .
It is understood that some developers to avoid the value-added tax of land clearing , there is deliberate control project sales rate of no more than 85% and so on. However, according to Chan Kwok-keung introduced , even though the project has met the conditions liquidation , the liquidation of most of the land value has not been implemented. " too difficult to implement primarily the one hand, too many old accounts is difficult to liquidate the other hand, land value-added tax Qingsuan requirements for relevant staff is quite high, the local government to carry out this work conditions are not ripe . "
