the increased policy of second hand housing trading camp is finally settled. In March 24th, the Ministry of Finance announced the pilot tax reform VAT pilot The provisions of the transitional policy make it clear that individuals will buy housing for less than 2 years and pay the full value of VAT according to the rate of 5%; individuals will purchase more than 2 years (2 years) of housing for external sales, exempt from VAT.
these policies are applicable to areas outside Beijing, Shanghai, Guangzhou and Shenzhen, and the policy aimed at the above four cities is that individuals will buy housing for less than 2 years and pay the full value of VAT according to the 5% collection rate; individuals will buy non ordinary housing for more than 2 years (including 2 years) for external sales. The difference between the sale income subtracted from the purchase of housing price and the value of VAT in accordance with the collection rate of 5%; and the individual will purchase the external sales of ordinary housing for more than 2 years (including 2 years), exempted from VAT.
this means that the second-hand housing trading camp has completely shifted the existing second-hand housing transaction business tax policy. At present, the shift of this policy will not increase the tax burden. In fact, VAT will be reduced to a certain extent.
together to calculate the pen account:
a set of ordinary residential value-added tax, which sells for 1 million yuan (including tax, less than 2 years of purchase), is taxable (100 of 1.05) * 0.05=4.76 million;
business tax is levied in accordance with the total price of 5%, and the tax payable of business tax is 100 0.05=5 million.
(Note: VAT sales = tax sales volume (1 VAT levy rate), VAT payable = sales volume * levy rate)