After the business tax reform, value-added tax, tax, property tax, land value-added tax and personal income tax on the basis of the relevant issues, the Ministry of finance, the State Administration of Taxation made clear, announced in April 26, 2016.
It is learnt that the tax levied on the transaction price does not include value-added tax. Rental property, the rental tax levied on property tax, excluding value-added tax. Land value-added tax taxpayers transfer the proceeds of real estate without value-added tax revenue.
The provisions of the "people's Republic of land tax" Provisional Regulations on the land value-added tax deductions to input VAT, allowing calculation in the amount of tax deduction, not included in the deductible items, do not allow the calculation in the amount of tax deduction, deduction can be included in the project.
According to the notice of the Ministry of Finance and the State Administration of Taxation, individual housing transfer personal income tax taxable income excluding VAT, the housing price paid included in the VAT included in the calculation of the original value of the property, the transfer income deductible tax does not include the transfer payment of value-added tax.
Individual rental housing taxable income of personal income tax does not include value-added tax, the calculation of rental housing income tax deductible, excluding the rental value-added tax paid. If the individual rents the house, the rent and value-added tax payable to the lessor shall be deducted from the calculation of the leased income. If the VAT is exempted, the income from the transaction price, the rental income and the transfer of real estate shall not be deducted from the value added tax. When the tax is levied, the tax price or income approved by the tax authorities does not include vat.