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

Provisional Regulations of the People's Republic of China on Property tax(September 15, 1986 promulgated by the State Council based on January 8, 2011 the State Council to repeal and modified part of the decision of the administrative rules and regulations "amendment)

Article 1 PROPERTY TAX SHALL BE LEVIED IN CITIES, COUNTIES, TOWNS AND INDUSTRIAL and mining AREAS.

Article 2 the term "real estate tax by the property owner to pay. Where the property rights are owned by the whole people, they shall be paid by the operating and management units. If the property right is issued, it shall be paid by the pawnee. Property rights of all people, the pawnee is not in the real estate is located, or property was not sure and rent standard disputes unsolved, pay by the property managing agent or user.

All of the property listed in the preceding paragraph, the operation and management units, pawnee, house property managing agent or user, collectively known as the taxpayer (hereinafter referred to as "taxpayers").

Article 3 Real ESTATE tax shall be calculated and paid according to the remaining value of the original value of the real estate after a one-time reduction of 10% to 30%. Specific deduction rate, shall be formulated by the people's governments of provinces, autonomous regions and municipalities directly under the central government.

Without the original value of the property as the basis, the reference for the similar real estate for approval by the tax authorities in real estate is located.

If the property is rented, the property rental income shall be the basis for the calculation of property tax.

Article 4 The tax rate of the real estate tax shall be 1.2% if it is calculated according to the residual value of the real estate; According to the property rental income calculation of pay, the tax rate shall be 12%.

Article 5 The following properties are exempt from property tax:

1. Houses for the personal use of state organs, people's organizations and the army;

2. Real estate for the self-use of units with public funds allocated by the financial department of the State;

3. Houses for self-use in religious temples, parks, places of interest and historical sites;

Property owned by individuals for non-business purposes;

Other PROPERTIES EXEMPTED FROM TAX APPROVED by the Ministry OF Finance.

Article 6 EXCEPT FOR THOSE SPECIFIED in Article 5 of THESE Regulations, if a taxpayer has real difficulties in paying taxes, the people's government of a province, autonomous region or municipality directly under the CENTRAL Government may decide to reduce or exempt the property tax on a regular basis.

Article 7 Property tax shall be levied annually and paid in installments. The time limit for tax payment shall be prescribed by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government.

Article 8 The collection and administration of PROPERTY tax shall be handled in accordance with the provisions of the Law of the People's Republic of China on the Administration of Tax Collection.

Article 9 Real estate tax shall be collected by the tax authorities where the real estate is located.

Article 10 of these regulations by the Ministry of Finance shall be responsible for the interpretation; The implementation rules shall be formulated by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government and copied to the Ministry of Finance for the record.

Article 11 These Regulations shall come into force as of October 1, 1986.