What should be paid attention to in the final settlement of real estate enterprises

What should be paid attention to in the final settlement of real estate enterprises

Compared with other industries, the real estate industry has its particularity, and the income tax settlement is relatively cumbersome. In the final settlement of income tax, real estate enterprises should pay attention to the following special matters besides following the general enterprise income tax policy:

1. How to recognize revenue as sales behavior

If an enterprise uses its self-developed products for donation, sponsorship, employee welfare, reward, foreign investment, distribution to shareholders or investors, repayment of debts and exchange of non-monetary assets with other enterprises, institutions and individuals, it shall be regarded as sales. The realization of income (or profit) shall be confirmed when the ownership or right to use the developed product is transferred or the actual benefit is obtained.

The method and sequence of confirming income (or profit) are as follows:

1. It is determined according to the market sales price of similar products developed by this enterprise in recent months or in recent months of this year; 2. Determined by the competent tax authorities with reference to the fair value of similar local products; 3. Determine according to the cost profit rate of the developed products (the cost profit rate shall not be less than 15%, and the specific proportion depends on the tax bureau).

2. How to deal with the expenses such as business entertainment during the preparation period?

According to the Announcement of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Several Issues Concerning the Tax Treatment of Taxable Income from Enterprise Income Tax (People's Republic of China (PRC) State Taxation Administration of The People's Republic of China Announcement No.2012 No.0 15), the business entertainment expenses incurred during the enterprise preparation period are directly included in the preparation expenses according to 60% of the actual amount, according to the Notice of State Taxation Administration of The People's Republic of China on Several Issues Concerning the Connection of Enterprise Income Tax (Guoshuihan [2009] No.98).

3. Can the expenses of supporting facilities be deducted?

Clubs, power stations, property management places, water plants, heating stations, kindergartens, sports venues and other supporting facilities built by enterprises in the Development Zone, if non-profit, the property rights belong to all owners, or donated to local governments and public utilities free of charge, can be regarded as public supporting facilities, and their construction costs can be deducted according to the public supporting facilities fees; If it is for profit, or the ownership of property rights is unclear, or donated to other units other than local governments and public utilities, or the property rights are owned by enterprises, the cost shall be accounted separately. Except for the enterprise's own use, it is regarded as a building development product.

Four. How to deduct the construction fee of public facilities?

The cost of posts and telecommunications, schools and medical facilities built in the development zone should be accounted for separately. If the enterprise and the relevant state business management departments and units jointly build facilities and hand them over after completion, the economic compensation given by the relevant state business management departments and units can directly deduct the project construction cost, and the taxable income of the current period should be adjusted for the difference after deduction.

What information should be reported for final settlement?

1. Annual enterprise income tax return (Class A)

2. Financial statements

3. Special Report on Determining Taxable Cost Objects (State Taxation Administration of The People's Republic of China Announcement No.35 20 14)

Real estate enterprises should make a special report on the principles and basis of determining the cost object of finished products, the principles and methods of cost allocation, and the basic situation of development projects and development plans, and submit them to the competent tax authorities together with the annual tax return of enterprise income tax in the year of finished products.

4. At the time of annual declaration, the enterprise shall issue an adjustment report on the difference between the actual gross profit and the estimated gross profit of finished products.

5, the tax authorities approved and confirmed the relevant documents for the record.

6. Other materials required by the tax authorities.

What should real estate enterprises pay attention to in final settlement?