| So far,China has completed the change from business tax to value-added tax on a national scale in all industries including the real estate industry.“Change from business tax to value-added tax” will have a far-reaching influence on the development of China’s real estate industry and the balance between the government’s fiscal revenues and expenditures and between central and local financial rights and duties of expenditure.It is because fiscal and tax system and real estate industry are not mutually regulated and controlled.On the one hand,the sound development of the real estate industry concerns not only the balance between the government’s fiscal revenues and expenditures,but also the balance of financial rights and duties of expenditure among central and local governments and different regions.On the other hand,the balance of income distribution between the real estate industry and the state and tax burden between upstream and downstream staff in the industry and between real estate enterprises and home buyers is not only the premise of sound development of the real estate industry,but also concerns the improvement of people’s life and the long-term stability of ChinaThis paper points out the deficiencies of “the change from business tax to value-added tax” in the real estate industry through deeply studying contents including the way of deducting land price for sales,applicable taxation methods between old and new projects of the real estate industry,deduction system of input value-added tax of real estate by stages,advance payment system and supporting measures of value-added tax and so on.Based on studying current tax system,this paper proposes policy suggestions on “change from business tax to value-added tax” in the real estate industry from two perspectives including the value-added tax system of the real estate industry and related supporting reforms of fiscal and tax system. |
