Circular of the State Administration of Taxation, the Ministry of Finance and the Ministry of Construction on Intensifying the Administration of Real Estate Taxes
Circular of the State Administration of Taxation, the Ministry of Finance and the Ministry of Construction on Intensifying the Administration of Real Estate Taxes
Circular of the State Administration of Taxation, the Ministry of Finance and the Ministry of Construction on Intensifying the Administration of Real Estate Taxes
Guo Shui Fa [2005] No. 89
May 27, 2005
The public finance departments (bureaus), administrations of local taxation, and construction departments (commissions or real estate bureaus) of all provinces, autonomous regions, and municipalities directly under the Central Government, the public finance bureaus, administrations of local taxation, and construction commissions (bureaus or real estate bureaus) of all cities under separate state planning, Yangzhou Institute of Taxation, the Construction Bureau of Xinjiang Production and Construction Corps.,
In order to carry into effect the Circular of the General Office of the State Council on Distributing the Opinions of the Ministry of Construction and Other Departments on Stabilizing Housing Price (No. 26 [2005]), further intensify the collection and administration of real estate taxes, and promote the healthy development of the real estate market, a notice is hereby circulated on relevant matters as follows:
I. The departments of taxation, the departments of public finance and the real estate administrative departments at all levels should seriously carry the relevant laws, regulations, and policy rules regarding real estate taxes, establish and perfect the mechanisms on information exchange and information disclosure, and strengthen the cooperation between different departments. The administrations of local taxation and public finance departments at all levels should earnestly strengthen the collection and administration of the real estate taxes, and shall offer to contact the real estate administrative departments of the local places concerned.
II. The relevant departments of all regions should, prior to May 31, 2005, publish their standards of ordinary houses for which preferential tax policies may be enjoyed (hereafter "ordinary houses"). In particular, the "average house trading prices" refers to the comprehensive average house prices formed on the basis of weighing the average prices of the house transactions on the land plots of the same level within the period of report.
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