1. "Battalion change"post-purposeCommercial propertyWhether or notAs saleWhat? Should self-held commercial properties after the “breeding” of the 2015-01-17 fdcnsfwww be treated as sales? Compilers play an irreplaceable role in securing state revenue by applying vat as the most important tax on transit taxes. Assembling sales has been a challenge for vat, referring to the failure to account for sales in accounting and, as sales in tax law, the transfer of goods or services for which income is taxed, aimed at addressing the issue of “a gap” in vat taxation. It is understood that the real estate “camp increase” is expected to be fully implemented in 2015 and that the value added tax (vat) after the “camp increase” will apply to real estate enterprises. In accordance with the vat principle, should owner-occupied properties used by real estate enterprises for productive purposes be treated as sales? Under what circumstances do development projects need to be treated as sales? I. Comprehensive sale
The background to the study and relevance of sales is a recognition of accounting and tax differences in sales income, which exist in tax laws and regulations of a variety of tax types, with different tax requirements. This differential provision is widely found in the value added tax (vat), turnover tax, excise tax, and income tax for enterprises. There are also differences in the conditions for and basis for tax recognition in the different tax categories for the specific provision “like sale”. In the case of value added tax (vat), the vat provision on sale-like sales would have greater applicability after the full "breeding" in 2015, includingReal estate developmentEnterprise. In recent years, with the acceleration of the urbanization process, commercial property is opening a new journey with enormous aggregate effects and energy radiation. There has been a significant trend in the ownership of commercial property by real estate development enterprises, which can generate sustainable returns for enterprises. Take the example of wanda, based on its performance update issued on 7 january 2015
3. As of the end of 2014, wanda held 2,157 million square metres of completed property, close to simon's property, the world's largest property holder. If the need for such a large commercial estate to be “camped up”, it would be an astronomical figure for wanda. The industry as a whole would be under considerable tax pressure if the owner-occupied properties used by real estate enterprises for productive purposes were to be treated as sales. Ii. Problems of property problemsTax treatment1 business tax does not have to be treated as a sales turnover tax (businesstax) as one of the main taxes in the current system of transit taxes. Article 1 of the provisional regulations on business tax of the people's republic of china defines the scope of tax on business, i. E., business tax is a tax on the amount of business acquired by establishments and individuals who provide taxable labour, transfer intangible assets or sell immovable property in china. Distinguished from sale of real estate by sale of real estate
Business tax is paid, and business property owned by a real estate development enterprise is not subject to a turnover tax because there is no transfer of title. Of course, rental income from commercial properties should be subject to a turnover tax on services. In addition, article 5 of the implementing regulation of the provisional operating tax of the people's republic of china provides for two situations in which the business tax is treated as a sale: when an establishment or an individual grants free of charge real property or land-use rights to other units or individuals; and when a unit or an individual creates a new (hereinafter referred to as self-building) building and sells its own building. This means that the turnover tax treats sales as self-constructed acts when only real estate or land use rights grants and self-establishment sales are sold, and other acts need not be treated as sales. Thus, fixed assets transferred by a real estate development enterprise to its own use after the project has been developed do not fall within the scope of the turnover tax, i. E. Self-held commercial properties need not be treated as sales. 2. Business income tax need not be treated as a basis for sale
5. Article 25 of the implementing regulations of the law on income tax for enterprises of the people's republic provides that the exchange of non-monetary assets by enterprises and the use of goods, property, services for purposes such as donation, debt servicing, sponsorship, collection of funds, advertising, samples, employee benefits or distribution of profits shall be treated as sale of goods, transfer of property or provision of labour. The circular of the national tax administration on the treatment of income taxes for the disposal of assets by enterprises (irs no. 2008828) provides a more recent account of the circumstances surrounding sales as such and identifies the six statutory situations in which assets are disposed of internally without the need to be treated as sales, with particular reference to the tax treatment of self-employed or self-employed goods. As can be seen from the above provisions, one of the criteria for an enterprise income tax to be treated as a sale is property rights, i. E. A change in ownership of assets should be treated as a sale. As a result, corporate income tax is treated in the same way as business tax, i. E., real estate development firms have completed project development
6. Fixed assets transferred for their own use do not need to be treated as sales in terms of enterprise income tax. Iii. Tax treatment of property owned by real estate enterprises following the “upgradation” and tax-related provisions of the law on “like sale” provide for the application of the provisional regulations of the people's republic of china on value added tax (order no. 50 of the state tax administration directorate of the ministry of finance) in article iv, which lists eight types of unit or self-employed persons that should be treated as sales, including: (1) handing over goods to others for sale; (2) selling of substitute goods; (3) having more than two institutions and applying uniform accounting, transferring goods from one institution to other institutions for sale, except where the relevant institutions are located in the same county (city); (4) using goods produced or commissioned for non-value-added tax projects; (5) using goods produced, commissioned or processed for collective benefits or individual consumption; (6) investing in goods produced, commissioned or purchased to other units or individual businesses; and (7) making them available as an investment
7. Goods entrusted for processing or purchase are distributed to shareholders or investors; (8) goods produced, commissioned for processing or purchased are given free of charge to other units or individuals. The current vat adopts two criteria for recognition of sales as equivalent, changing the principles of production purpose and accounting subject matter, i. E. The use of goods for non-vat taxable items, collective benefits, personal consumption, investments, dividends, gifts, etc., should be treated as sale and the transfer of goods from one accounting entity to another. For example, in the tax treatment of the rental of equipment owned by movable property before the “retrofitting”, since the rental of tangible movable property falls within the scope of the turnover tax, the rental of such equipment is considered to be subject to vat on the basis of the principle of changing the purpose of production. Such an arrangement would also be considered in terms of tax equity, and if an enterprise buys equipment for rental, the equipment purchased is subject to vat, so that self-employed equipment is used for rental without regard to sale. Set
8. The subject of the rental is unfair. 2. The “breeding” of commercial holdings should not be seen as a sale that will be fully integrated into the “breeding” pilot in 2015 for real estate, construction, finance and life services, in line with the central plan for the completion of the “breeding” reform during the 12-05 period (2011-2015). The value added tax (vat) as a sales provision is bound to change significantly with the demise of the turnover tax. In line with the circular of the ministry of finance and the national tax administration on the introduction of a pilot vat policy for the transport industry and some modern services throughout the country (customs 201337), for example, rental services for tangible movable property (including financial and operational leases for tangible movable property) have been included in the scope of the "breeding" and the vat rate is 17 per cent. Since real movable property rental services fall within vat tax, the use of self-produced equipment for rental is no longer a vat use for self-produced goods
9. The project is treated as a sale, so that self-produced equipment is used for rental only to pay value added tax (vat) on the income from rental services of tangible movable property. In this way, after a full “camp increase”, value added tax (vat) would be considered to be equivalent to a sales recognition standard that would eliminate the use of goods for non-vat taxable items. After the real estate industry has been included in the scope of the "breeding" and regardless of whether the development project is for sale or for self-sustainment, the income generated is subject to vat on the basis of the corresponding tax lines, i. E., the fixed assets transferred by the real estate development enterprise to its own use after the project has been developed need not be treated as sales on vat. However, the value added tax (vat) criterion of recognition of sales as a change of purpose in production still applies, i. E. Development projects for collective welfare, individual consumption, investment, dividends, gifts, etc. Should be treated as sales. Synopsis and sales have been a difficult and important focus of vat, and the scope of vat in the context of “breeding up” would be reduced accordingly with the demise of the turnover tax and vat would eliminate the use of self-produced goods for non-vat items. After the project has been completed, real estate development firms transfer to their own fixed assets without having to treat vat as a sale. Sharing is a virtue, sharing is a spirit! Sharing more revenue and tax expertise is a micro-credit platform for real estate and tax learning: fdcnsfwwwn is not concerned. Pay attention! Change
