--> Forwarding the Notice on Adjusting the Tax Valuation Standard for Construction Projects_Gd Province Overseas Chinese Building & Decoration Co.ltd.

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Forwarding the Notice on Adjusting the Tax Valuation Standard for Construction Projects


Release Time:

2011-05-19

Construction project cost calculation tax rate

One, current construction project tax content and calculation standard

Business tax: based on taxable turnover, the tax rate is 3%.

Urban construction and maintenance tax: based on business tax, the tax rates are 7% for urban areas, 5% for counties and towns, and 1% for rural areas

Education surcharge: based on business tax, the tax rate is 3%

Local education surcharge: based on business tax, the tax rate is 2%

Ii. Calculated tax rate of construction project cost

Based on pre-tax project cost, urban areas, counties, towns and villages are as follows:

Urban area: 3%× (1+7%+3%+2%) /[1-3%× (1+7%+3%+2%)]= 3.477%

County town: 3% * (1 + 5% + 3% + 2%)/x (1-3% (1 + 5% + 3% + 2%)] = 3.413%

Country: 3% * (1 + 1% + 3% + 2%)/x (1-3% (1 + 1% + 3% + 2%)] = 3.284%