Reseach On The Property Tax Of China

The Property tax aims at such real estate as land,house and etc .The renters or owners have to pay certain tax based on estimated value of the property. As an ancient taxation, the property tax is imposed by many countries around the world. Ever Since the early 1990's, China's real estate industry has greatly developed along with the deeply reform of housing rules and regulations. However, compared with the great development of the real estate industry, China's real estate tax system has not changed ever since 1950's, whose characters are not fit for the new requirements of economic development. In general, the defects are as follows: Firstly, it pays more attention to circulation but less to possession. Secondly, the tax systems apply to domestic and foreign-invested enterprises are different. Finally, the types of the taxes are complicated."Property Tax"has aroused great attention since the Third Plenary Session of the 16th Party Central Committee held at the end of the year of 2003 announced that"Implement town tax and fee reformation, levy united property tax when condition allowed, and cancel related fees correspondingly."The starting-up of the property tax has been picked up to the agenda.The government has done much research on the levy of the property tax. Now some cities has conducted tests at idle operation of the property tax. But until now, the government has not set up formal policy and legislation related to the property tax.Based on the previous research, this article drew lessons from the advanced countries, and combined the lessons with Chinese realities,then put forward the design of the property tax.This paper can be dividend into six parts:The Introduction elaborated the background of Property tax reform, then, elaborated the meaning and way of researching this item.The first chapter introduced two related concepts and their relationship. Then generalize the characters of the property tax. The second chapter explained the necessity and feasibility of levying a new kind of tax ----- The Property Tax.The third chapter first elaborated experience of the various countries' property tax essential factors design including property taxpayer, collection object, the tax scope, the tax basis, the tax rate and the tax preferential benefit .so we can learn the experience in order to ensure our Property tax system in good function.On the basis of the second and the third chapter,through drawing lessons from various countries'successful experience and considering our country's present situation, the fourth chapter introduced essential factor design of property tax reform in our country.Fifth chapter is necessary policy system construction. We should improve the appraised system of our real estate, set up effective registered system of the real estate, regulated the relationship between the lease fees for the right of land use and property tax.