value-added tax
On the basis of the current low tax rate of 17% and 13% for general goods and services, two low tax rates of 1 1% and 6% are added.
Reform of value-added tax in four major industries:
1, construction industry: general taxpayers levy 1 1% value-added tax; Old projects and small-scale taxpayers can choose the simple tax method to collect 3% value-added tax.
2. Real estate industry: real estate development enterprises levy 1 1% value-added tax; If an individual purchases a house for less than 2 years and sells it to the outside world, he shall pay VAT in full at the tax rate of 5%; Individuals who purchase houses for more than 2 years (including 2 years) for external sales shall be exempted from VAT.
3. Life service industry: 6%. Tax-free items: foster care and education services provided by nurseries and kindergartens, and pension services provided by pension institutions, etc.
4. Financial industry: 6%. Tax-free items: interest income from small loans for farmers in financial institutions, national student loans, national debt and local government bonds, loans from the People's Bank of China to financial institutions, etc.
Collection rate: the collection rate of small-scale taxpayers is 3%, the collection rate of individual sales of real estate and rental business is 5%, and the collection rate of the difference is 5%.