In fact, when we rent, we generate tax rates. It is not clear to many that taxes are paid only for the purchase of a house. In fact, there are taxes on rentals, and there are certain standards. In this regard, it must be clear to all that, let's move on to the rental rate? Duration of payment of rental tax? Friends interested in this area can look at it。
Rate of tax on rental housing
1. Housing tax on rental rates
When paying the property tax, we generally have to rent the property tax for 12 per cent of the rental income from the second day of the rental property, as stipulated in the provisional housing tax regulation. Temporary exemption from property tax and urban land use tax for private owners who rent their homes to individuals and who file a housing authority and enforce rent standards established by the housing authority
2. Urban land use tax for rental rates
In the case of individuals who own property in the land use tax, the rented house falls within the scope of the urban land use tax, which is calculated according to the level of the land and the applicable level of land tax. Under national taxes [2003] decree no. 89 on rental, loan of property, collection of urban land use tax from the day after the date of delivery of the rental or loan property
3. Business tax on rental rates
As far as the turnover tax is concerned, many people are not familiar with it. Individual rental housing is subject to a turnover tax of 5 per cent of rental income and individual rental housing is exempt from the turnover tax of less than 800 per month。
4. City building tax on rental rates
At the same time as individuals pay turnover tax, we need to pay the applicable rate based on the amount of turnover tax paid. As mentioned earlier, the city-building tax is divided into 7 per cent, 5 per cent and 1 per cent, depending on where the taxpayer is located。
5. Stamp tax on rental rates
Of course, in the case of individual rented houses used for the purpose of production operations, the amount shall be set aside at the time of signing a contract for one-tenth of the amount of the lease determined by the written lease contract between the parties, and at the rate of one dollar for those taxed less than one dollar。
6. Individual income tax on rental tax rates
In the case of individual rental housing, personal income tax is paid on the basis of the taxable income of $800 less the monthly rental income, and on the basis of the taxable income of 20 per cent less the monthly rental income of 20 per cent。
Duration of payment of rental tax
Whether it is a business tax or a property tax is a statutory taxpayer's unit or individual receiving rent income. In this sense, the “tenancy tax” is paid by the landlord. At the same time, however, the tenant is also a direct taxer in the lease relationship, and the lessee has the duty and obligation to compel the other party (the landlord) to provide legal papers to pay the rent。
Thus, in many cases, the payment of the “tenancy tax” and the final burden are the result of negotiations between the leasing parties. The tax obligation of the “tenancy tax” occurs on the day the income from the rental of the house is obtained. If the parties to the lease agree to pay the monthly rent, the tax shall be declared on a monthly basis and within 10 days after the end of the month。
It is hoped that the above-mentioned tax rates on rental housing and full information on the period of payment of the rental tax will be helpful. The tax rate on the rental of houses, as you can see from this article, is clear. It is also time-bound, and it is important to note that it is hoped that this introduction will be helpful。
