Tax rate of small-scale taxpayers in property companies

The latest sales tax rate of small-scale taxpayers is taxable sales income, and the collection rate is 3%, and the value-added tax is levied at the reduced rate of 1%. In addition, in the latest tax rate notice, it is stipulated that 3% withholding rate shall be applied to prepaid VAT items, and prepaid VAT shall be reduced by 1% withholding rate.

Legal objectivity:

Announcement of the Ministry of Finance and State Taxation Administration of The People's Republic of China on the VAT Policy of Supporting Individual Industrial and Commercial Households to Return to Work From March 1 day to May 3 1 day, 2020, the taxable sales income of small-scale VAT taxpayers in Hubei Province will be exempted from VAT. VAT prepayment with 3% withholding rate shall be applied, and VAT prepayment shall be suspended. Except Hubei Province, small-scale VAT taxpayers in other provinces, autonomous regions and municipalities directly under the Central Government collect taxable sales income at the rate of 3%, and collect VAT at the reduced rate of 1%; The withholding rate is 3%, and the withholding value-added tax is reduced by 1%.