The difference between property tax and property fee, the collection standard of residential property tax and the collection standard of Hong Kong property tax.

The difference between property tax and property fee

I believe many friends don't know much about the difference between property tax and property fee, especially property tax. Let's take a look at related issues in this regard.

Property tax requires its lessee or owner to pay a certain amount of tax every year, and the tax payable will increase with the increase of real estate market value. Property tax is a kind of property tax levied on property owners according to the taxable residual value or rental income of houses.

Property fee refers to the fees charged by property owners and users who entrust property management units to carry out daily maintenance, repair, renovation and other services related to residents' lives in residential areas, such as housing construction and its equipment, public facilities, greening, sanitation, transportation, public security and environment.

Property fees and property management fees are because these fees are taken from the owners and used for the construction and management of the community. Relatively speaking, property management fees cover a wider range of services.

Levy standard of Residential Property Tax

The collection standard of residential property tax is a concern of many people, so the following small series will tell you about this problem.

1. business tax: business tax is levied on turnover, and the applicable tax rate is 5%.

2. The urban maintenance and construction tax shall be paid at 7% of the paid business tax.

3. Pay the education surcharge at 3% of the paid business tax.

4, local education surcharge, according to 2% of the business tax; (3 and 4 are slightly different according to local conditions).

5. According to the profit adjusted by the tax law, 25% shall pay enterprise income tax, and 20% for small and micro enterprises.

6. Personal income tax. When the company pays wages and salaries to employees, it will withhold and remit personal income tax according to the tax rate table.

7. Property tax: the original value of self-owned property is ×( 1- deduction rate) × 1.2% per year, and the deduction rate is stipulated by the provincial level, generally within 30%; The property shall be paid at 12% of the rent.

8. Land use tax: land use area × fixed payment. Quotas shall be determined by local authorities.

9. Stamp duty: account books, licenses and other rights certificates, contracts and agreements should be subject to stamp duty, depending on the situation.

10. Vehicle and vessel use tax: At present, it is mostly collected by insurance companies when paying compulsory insurance.

Hong Kong property tax collection standard

Hong Kong property tax collection standards, many people are still concerned about this issue, let's talk about this issue.

Hong Kong property tax is a tax levied on the owners of land and buildings in Hong Kong (including Hong Kong companies) for the benefit (such as renting). ) They profited from holding real estate in Hong Kong.

Every April 1 day, you will receive a tax bill from the Hong Kong Inland Revenue Department. The calculation method is that the net profit is taxed according to the standard of 16%, and generally the rent is the standard, of which 20% can be deducted as the capacity repair fee, and the net profit 16% is the property tax to be paid.

Salaries tax:

Hong Kong salaries tax means that all people who provide services and earn income in Hong Kong have to pay salaries tax.

Profits tax:

Any person, including a corporation, partnership, trustee or group, who operates a trade, profession or business in Hong Kong, and profits arising from or derived from the trade, profession or business in Hong Kong, shall pay profits tax (excluding profits from the sale of capital assets).

The above is about property tax and property fee, I hope I can help you!