What's the difference between BT project and BOT project?

1, BT is the abbreviation of English Build and Transfer, which means "build-transfer". It is a financing method for the government to use non-government funds to carry out non-operating infrastructure construction projects. ?

2.BT mode is a transformation form of BOT mode, which refers to the process that the project company hands over the operation of the project to the owner after general contracting, financing and construction acceptance, and the owner pays the investor the total investment of the project plus a reasonable return.

Extended data:

First, the five tax modes of BT project

How to levy business tax on BT project income, and how to determine the tax items, tax rates and tax basis of business tax. Judging from the policies issued by relevant provinces and cities, there are mainly five different business tax collection modes for BT project investors and financiers to obtain repurchase funds from the government:

1. The business tax shall be paid according to the difference of 3% of the "construction industry" tax item.

This model breaks the restrictions on the construction qualification of investors and financiers, and stipulates that no matter whether investors or project companies have the qualification of construction general contracting, they are regarded as the general contractor of the construction industry, and the tax basis is the balance of the repurchase price after deducting the subcontracting money (slightly different from place to place). The following table shows the relevant areas where this mode is implemented:

The basic characteristics of the policies issued by these provinces and cities are:

Regardless of the qualification of construction general contracting, the repurchase price (including construction cost, financing cost, management cost and reasonable return) obtained by investors and financiers of BT projects from the government shall pay business tax at the rate of 3% of the "construction" tax item. If the investors and financiers of BT project contract out the project to other construction enterprises, the construction business tax shall be levied on the balance of the repurchase price obtained after deducting the project payment paid to the construction enterprises.

2. Pay the business tax in full at the rate of 3% of the "construction" tax item with the repurchase price obtained.

According to the documents issued by Hubei, Chongqing, Tianjin and other provinces and cities, the investors and financiers of BT projects pay business tax in full at the rate of 3% of the repurchase price obtained.

For example, Article 2 of the Notice of Hubei Provincial Local Taxation Bureau on Strengthening the Business Tax Management of BT Construction Projects (E.D.F. [2013] No.90) points out that if a project is set up in the name of the project owner, the business tax will be levied on investors and financiers who have obtained the construction right of government-chartered projects in the following ways:

(1) Investors and financiers involved in the construction project are regarded as the general contractor of the construction project, and business tax is levied according to the tax item of "construction industry", with the total amount of repurchase price obtained as taxable turnover, and tax returns are made according to the time when the construction industry business tax obligation occurs.

Announcement of Tianjin Local Taxation Bureau on Business Tax Policy of BT Mode Construction Project (20165438+February 9, Tianjin Local Taxation Bureau Announcement [201]No. 15) stipulates that investors and financiers under BT mode

The main features of this model are:

BT project is established in the name of the project owner (Hubei stipulates that both investment and financing parties participate in the project construction). Both investment and financing parties shall be recognized as the general contractor of the construction industry regardless of whether they have the general contracting qualification or not. The tax basis is:

When the project is handed over, the turnover obtained from the project owner (including all out-of-price expenses such as project construction fee, financing fee, management fee and reasonable return) shall pay business tax in accordance with the relevant provisions of the construction industry, and issue a "special invoice for construction industry" in full.

3. Pay the business tax according to the tax rate difference of 5% of the "service industry-agency industry" tax item with the repurchase price obtained.

For example, Article 2 of the Notice of Hubei Provincial Local Taxation Bureau on Strengthening the Business Tax Management of BT Construction Projects (E.D.F. [2013] No.90) points out that if a project is set up in the name of the project owner, the business tax will be levied on investors and financiers who have obtained the construction right of government-chartered projects in the following ways:

(2) If the investor is only responsible for providing funds and does not participate in the project construction, and contracts the construction project to other construction enterprises, the construction enterprise is the construction business tax taxpayer, and the business tax is levied according to the "construction" tax item, and its taxable turnover is the total project contract amount;

When investors and financiers are entrusted to engage in engineering construction, business tax shall be levied according to the tax item of "service industry-agency industry", and their taxable turnover shall be the balance of the total repurchase price after deducting the total project contracting amount paid to the construction enterprise. Its tax obligation occurs on the payment date agreed in the contract; If the contract does not stipulate the date of payment, it shall be the date when the taxable act is completed.

References:

How to pay taxes for BT projects in China-accounting net, China.