In recent years, the topic of property tax has been a hot topic. Today, I will share with you how to calculate the AD valorem property tax:

(1) Basis for tax calculation: based on the regulations, the original value of the property shall be deducted in one time10%-30%The residual value after depletion shall be assessed, and the deduction proportion shall be determined by the people's government of the province, autonomous region and municipality directly under the Central Government. The original value of real estate including the land price shall be adjusted for the original value of the underground buildings. If the original value is obviously unreasonable, it shall be assessed; If there is no original value, the local tax authorities shall verify it by referring to the value of similar houses.

(2) AD valorem tax rates:1.2%

(3) Tax calculation formula: tax payable=Original value of taxable property×(1-Percentage deduction)×1.2%The annual tax is calculated

(4) Date of occurrence of tax obligation: The taxpayer shall pay real estate tax from the month following the completion of the newly built house for production and operation.

For example:Aenterprise2020years3The original value of the plant to be built in months2000Once put into use, the local provincial government stipulates that the deduction proportion of the residual value of the property is 30%, then the enterprise20How much property tax should be paid each year?

The residual value of taxable real estate=Original value of taxable property×(1-Percentage deduction)=2000×(1-30%)=1400wan
                  2020Annual tax payable=Residual value of taxable property×1.2%=1400×1.2%=16.8wan
                  2020Annual real estate tax=16.8/12×9=12.6wan

(V) Policy Basis

Provisional Regulations of the People's Republic of China on Property Tax

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.