First scenario: land use acquired by 30 april 2016 rights
I. Vat
Policy basis: taxpayers transfer land tenure rights acquired before 30 april 2016, with the option of applying a simple tax method to sell the full price obtained and the extra price less the balance of the original price obtained for the right to land use, at a rate of 5 per cent。
Stamp tax
Policy basis: under the relevant provisions of the stamp tax law, the payment of stamp duty is calculated on the basis of the "transfer of title" tax。
Taxes
Policy basis: where land tenure is transferred in the form of equity in land use, the tax should be taxed, and the tax payer should be the unit or individual to whom the land tenure is maintained。
Iv. Individual income tax
Policy basis: individual income tax is paid on the basis of the proceeds of the transfer of property and income from the transfer of non-monetary assets is recognized at assessed fair value
V. Land value added tax
The policy is based on the fact that an individual takes ownership of the land, that a land value added tax obligation arises and that an individual should pay the land value added tax。
In calculating the land value added tax, the value added tax (vat), surcharge and stamp duty are directly deducted from the base, so the `value added' amount in the table represents the amount after the relevant tax。
Overall, individual tax payments totalled $40510057. 14 and development company taxes totalled $2928,000
Second scenario: land use acquired after 30 april 2016 rights
I. Vat
Policy basis: obtained after 30 april 2016, based on fiscal (2016) article 36 provides that the transfer of land use rights by individuals is the transfer of intangible assets by small taxpayers and is subject to vat at a rate of 3 per cent, which may be reduced by 1 per cent by 31 december 2027。
Stamp tax
Policy basis: under the relevant provisions of the stamp tax law, the payment of stamp duty is calculated on the basis of the "transfer of title" tax。
Taxes
Policy basis: where land tenure is transferred in the form of equity in land use, the tax should be taxed, and the tax payer should be the unit or individual to whom the land tenure is maintained。
Iv. Individual income tax
Policy basis: individual income tax is paid on the basis of the proceeds of the transfer of property and income from the transfer of non-monetary assets is recognized at assessed fair value
V. Land value added tax
The policy is based on the fact that an individual takes ownership of the land, that a land value added tax obligation arises and that an individual should pay the land value added tax。
In calculating the land value added tax, the value added tax (vat), surcharge and stamp duty are directly deducted from the base, so the `value added' amount in the table represents the amount after the relevant tax。
On the whole, individual tax payments totalled $40156,902. 97 and development company taxes totalled $2928,000。
Conclusion: if a new development firm is invested at fair market value, individuals pay more taxes and cooperation is less viable。
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