Does the property pay VAT in advance?

Under normal circumstances, the property company collects the value-added tax involved in the property fee one year in advance. If an invoice is issued at the time of collection, and the invoice date is the time when the VAT obligation occurs, VAT shall be paid.

Annex 1 Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Comprehensively Promoting the Pilot Project of Changing Business Tax to VAT (Caishui [2016] No.36): Implementation Measures for the Pilot Project of Changing Business Tax to VAT Article 45 The time when the VAT tax obligation and withholding obligation occur is:

(1) The day when the taxpayer conducts taxable activities and receives the sales payment or obtains the voucher for claiming the sales payment; If the invoice is issued first, it is the day of invoice issuance.

Sales revenue refers to the money received by taxpayers during or after the sale of labor services, intangible assets and real estate. The date of obtaining the sales payment voucher refers to the payment date determined in the written contract; If a written contract is not signed or the date of payment is not determined in the written contract, it is the date when the transfer of labor services and intangible assets is completed or the ownership of real estate is changed.