International Conference on Construction and Real Estate Management 2016
Research on the Taxation Effects of Value-Added Tax Replacing Business Tax Policy on Real Estate Public Companies in China
Publication: ICCREM 2016: BIM Application and Off-Site Construction
ABSTRACT
Authorities in China have decided to expand its VAT replacing business tax policy to nationwide and to include more industries including real estate ones into its taxation reform plans in 2016. In this article, the author would give proof on his hypothesis, which is that the policy may be beneficial for real estate companies on taxation reduction, by analyzing and referring operation and business data of the top 20 China real estate public companies in 2014. A model to predict tax changes after the policy change will also be introduced in the article. Finally, suggestions and possible resolutions will also be given in the article not only for both real estate companies and public companies in China, but also for policy makers and authorities on finance and taxation.
Get full access to this chapter
View all available purchase options and get full access to this chapter.
REFERENCES
China Institute of Certified Public Accountants (CICPA). (2015). Taxation laws, China Finance and Economy Publishing House, Beijing.
Li, K.Q. (2016). “Government work report on the 4th session of 12th National People’s Congress.” <http://lianghui.people.com.cn/2016npc/n1/2016/0305/c402194-28174181.html> (Mar. 5, 2016).
Ministry of Finance (MoF). (2011). Guideline of the VAT trail policy applicable to transportation and several modern service industries in Shanghai issued by State Administration of Taxation, Shanghai, China.
Ministry of Finance (MoF). (2015). “National finance conference held in Beijing, VAT policy is expected to be fully operational in 2016.” <http://cks.mof.gov.cn/crifs/html/default/caijingyaowen/_content/14_12/30/1419933193081.html> (Dec. 30, 2015).
Yang, J.L. (2015). “Taxation effects of VAT policy to realty companies.” The Fortune Times, 2015(10), 70–71.
Zhang, X. (2014). “Land-transferring fee in Beijing 2014 Hit 200 billion.” Xin Jing News, Dec. 30, B4. (in Chinese).
Information & Authors
Information
Published In
ICCREM 2016: BIM Application and Off-Site Construction
Pages: 985 - 990
Editors: Yaowu Wang, Ph.D., Professor, Harbin Institute of Technology, Mohamed Al-Hussein, Ph.D., Professor, University of Alberta, Geoffrey Q. P. Shen, Ph.D., Professor, The Hong Kong Polytechnic University, and Yimin Zhu, Ph.D., Professor, Louisiana State University
ISBN (Online): 978-0-7844-8027-4
Copyright
© 2017 American Society of Civil Engineers.
History
Published online: Aug 14, 2017
Authors
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.