Circular of the State Administration of Taxation on Strengthening the Work of Analyzing Real Estate Tax Revenue

Circular of the State Administration of Taxation on Strengthening the Work of Analyzing Real Estate Tax Revenue

Guo Shui Fa [2005] No. 151

September 22, 2005

Finance departments (bureaus), state taxation bureaus and local taxation bureaus in all provinces, autonomous regions, municipalities directly under the Central Government, and cities specially designated in the state plan:

The real estate industry occupies an important place in the national economy, and the strengthening of the macroscopic control in the real estate industry constitutes an important component of the macroscopic control of the national economy. All the authorities concerned are required by the State Council to conduct a close tracking and a timely study of the situations in the real estate industry. Circular on relevant work requirements for the purposes of carrying out the instructions of the State Council, for strengthening the work of analyzing the tax revenue in the real estate industry, and giving full play to the adjustment and control role of tax in the real estate industry is hereby given.

Article 1 A report of the situations of all regions carrying out the Notice of the General Office of the State Council on the Transmission of the Proposals Submitted by the Ministry of Construction, the Ministry of Finance, the State Administration of Taxation, and other Seven Ministries and Commissions concerning Doing Well the Work of Stabilizing the Housing Price (Guo Ban Fa [2005] No. 26) shall quarterly be submitted to the State Administration of Taxation, and the descriptions of situations in the 40 key cities shall separately be presented in the submitted documents.

Article 2 Analyses shall be conducted on the related situations of various tax categories in the submitted documents of all regions, and the requirements for the various tax categories in the process of submission shall be as follows:
(I) The Business Tax Policy, its Collection and Administration
1.The completed floor space, the sales floor space, the sales turnover, the taxed sales floor space, and the taxed sales turnover of the newly-built commercial housings and the actually collected business tax.
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