How to Deal with Self-sustaining Property Accounting of Developers

Real estate development enterprises turn their self-developed real estate projects into self-sustaining properties. Although the property right registration is carried out in the name of real estate development enterprises according to the regulations, it is not a taxable behavior of value-added tax, and it is not necessary to pay value-added tax or issue invoices.

Property tax is required: annual property tax payable = original value of taxable property × [1-(10% ~ 30%) ]×1.2%.

The specific proportion of the original price of the house converted into the original value of the taxable property shall be determined by the financial and local tax departments of all provinces, autonomous regions, municipalities directly under the central government and cities under separate state planning within the above scope.

Need to pay land use tax: payable urban land use tax = actual occupied area of taxable land × applicable unit tax.