Research On Instauration And Taxation Of Property Tax On Real Estate In China

Ever Since the early 1990's, China's real estate industry has greatly developed along with the deeply reform of housing rules and regulations, and has become the support industry of national economy. However, China's real estate tax system has not changed ever since 1950's, whose characters are not fit for the new requirements of economic development. In Oct, 2003, CCP passed《CCP′s Resolutions On Perfecting Socialism Market Economy System》, which said"conduct innovation on city-town construction tax and fee ,levy property tax on real estate and cancel the correlative fee when the condition is sufficient". The word"Property Tax on real estate"has attracted great attention and become the hotspot researched by government, academia, and industry world. Many experts and scholars pointed out lots of problems existing in China's real estate tax system through comprehensive and deep research. After contrasted with the foreign real estate tax system, they brought forward some reform methods of real estate tax system reform. But the present studies still exist lots of limitations, such as the undefined conception of property tax, the just theory-level research on factors of property tax. Therefore, we still have something to do to reform .Based on the previous research, this article analyzes some problems about the real estate tax system and land trade system from the actuality of real estate industry development. With reference to foreign real estate tax system, this article suggests reforming China's real estate tax system and levy property tax on real estate in the appropriate time, meanwhile, defining the conception of property tax. At last, this article defines the factors of property tax.I sincerely hope that some of the ideas and methods would be useful to draw and execute taxation policy, and to provide a path to understand the property tax on real estate.