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    Beijing Will Implement Property Tax Reform In The Second Half Of The Year.

    2011/5/20 11:17:00 35

    Property Tax Reform In Beijing

    According to authoritative sources, Beijing will soon be launched in the second half of this year.

    Property tax

    Reform.

    The Beijing Municipal Committee has held a briefing at the level of leading cadres, requiring leading cadres to take the lead in supporting this policy and declare their property truthfully.

    Experts say this may be property tax.

    reform

    Important signals to Beijing and other new cities.


    An expert from the Ministry of Housing Policy Research Center pointed out that this may be an important signal for the promotion of property tax reform to new cities such as Beijing.

    In the current regulation

    policy

    In the combination boxing, there are obvious differences between the implementation and the effectiveness of various policies.

    Affordable housing and property taxes are two policies that must be implemented in a long-term manner.

    Among them, the real estate tax reform from pilot to comprehensive push is a trend.


    The comprehensive promotion of property tax reform requires two conditions.

    One is from the response of the local government, and the two is the effectiveness of the pilot cities.

    The expert pointed out that, from the present perspective, the technical preparations for the collection of property taxes by the first tier cities have basically been completed. The local government's consideration of adjusting the land financial mode and opening up new sources of public finance will also actively promote the expansion of the property tax.


    At the end of January this year, Shanghai and Chongqing started the pilot project of property tax reform.

    Data from Shanghai and Chongqing show that Shanghai has identified more than 2300 taxable housing units and levying about 20 tax, and Chongqing has already collected 790 thousand yuan of tax.

    Insiders pointed out that in the long run, property tax is an important institutional construction of China's real estate market and an important measure for the reform of China's fiscal and taxation system.

    In the short term, the pilot of real estate tax will inhibit the demand of high priced housing and contribute to the healthy development of the real estate market.

    The next step will be to continue to improve the problems through pilot projects, and finally push them to the whole country.


     
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