Media: profits 1 yuan tax 1.2 yuan, the real estate industry is still a large taxpayer.

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 Media: profits 1 yuan tax 1.2 yuan, the real estate industry is still a large taxpayer.


According to Wind data, in 2017, the total net profit of 130 A share Housing enterprises amounted to 213 billion 400 million yuan, while the payment of various taxes and fees index reached 262 billion 800 million yuan during the same period. The ratio of net profit to tax is 1:1.23, which is equivalent to that housing enterprises earn 1 yuan per profit, and at the same time pay 1.23 yuan for all taxes and fees. Because of different accounting standards, there are differences in the tax statistics of A share and Hong Kong stock enterprises, and the difference between them. But the two sets of data reflect that the tax expenditure of the real estate industry is higher than the net profit level of the same period. In fact, the contribution of the real estate industry to local finance is more than that. Tax is proportional to scale A shares listed housing prices, Vanke paid the highest taxes and fees, 39 billion 760 million yuan, slightly higher than the same period of 37 billion 210 million net profit. The taxes and fees paid by greenbelt and poly are 28 billion 160 million and 26 billion 990 million respectively. Hong Kong shares listed in the housing prices, Hengda is a large taxpayer, should pay tax a 69 billion 700 million, of which only 40 billion 420 million of the income tax. At the same time, the net profit of Hengda was 24 billion 370 million. Biguiyuan, Zhonghai, Huarun, and Chong Chong and other housing enterprises should pay taxes equally. Due to different business type, product nature, regional layout and settlement cycle, the proportion of tax and profit of Housing enterprises is different. But generally speaking, the scale of tax payment is directly proportional to the sales scale. For example, in the A share listed housing enterprises, a total of 25 enterprises paid taxes less than one hundred million yuan last year. Most of these enterprises are small local housing enterprises or are brought on the ST hat because of their business problems. In the H-share listed companies, there are also 6 housing companies that should pay less than one hundred million yuan for tax payments, mainly small or light assets, such as big first, people and business, rich splendor, and elegant life services. It is reported that since the real estate industry was formally incorporated into the pilot camp in 2016, the tax burden of real estate enterprises should be consolidated and the overall tax burden will be reduced. But in many cities, real estate companies are still big paying taxes. In February 2018, Xiangcheng District, Longwen district and Zhangzhou Taiwanese investment zone of Zhangzhou, Fujian Province issued the decision to commend big tax payers for 2017 respectively. Among the 148 enterprises on the list of over ten million yuan per year, there were 58 real estate enterprises, accounting for 39.2%, and there were 10 housing enterprises with more than 100 million yuan. According to the statistics of Haikou Municipal Finance Bureau, the local tax revenue of Haikous real estate industry increased by nearly 50% in 2017, and the total amount was the highest in all industries. The reason is that Hainans unique geographical location and climate advantages make the real estate has certain scarcity characteristics. It is reported that in 2017, the real estate industry in Haikou achieved a tax revenue of 11 billion 170 million yuan, an increase of 46.7%, accounting for 30.5% of the citys tax revenue. The municipal retained income was 4 billion 110 million yuan, an increase of 42.3% in the same caliber. In 2017, the national real estate sales area was close to 1 billion 700 million square meters, with sales exceeding 13 trillion yuan, both of which reached a record high. Affected by this, real estate related taxes are also rising. The data of the Ministry of Finance showed that in land and real estate related taxes, the deed tax was 491 billion yuan, an increase of 14.2% over the same period, 491 billion 100 million yuan of land value added tax, 16.6%, 260 billion 400 million yuan, 17.3%, and 236 billion yuan, an increase of 4.6% over the same period. Only a relatively small scale of farmland occupation tax fell year by year. In fact, the contribution of real estate to economic growth is much more than that of taxation. Land leasing is an important part of it. Because the real estate industry plays a leading role in local fiscal and economic growth, this phenomenon is often referred to as real estate finance or land finance. Shanghai Institute of easy to live in the land is divided into two parts, respectively, the real estate tax revenue (real estate tax, urban land use tax, deed tax, farmland occupation tax, land value-added tax and other five taxes) income and land leasing. According to the statistics of the agency, the proportion of the above two incomes in local fiscal revenue was 47.7% in 2017, up 7.1 percentage points from 2016. Two years later, more than 45%. The Shanghai Institute of Yi Ju also pointed out that the main forms of the use of land for financial revenue include: the transfer of industrial land by a series of preferential policies and the tax effect of foreign enterprises, and the expansion of cities by the way of large demolition and large construction, and the expansion of cities, land occupation and The tax revenue brought by the real estate development; the land reserve center, the government company and the development zone as the carrier to enjoy the proceeds from land mortgage financing to the bank. The dependence degree of different cities on land finance is different. Among them, the three or four line cities are considered to be relatively high depending on the lack of industrial aggregation and the large scale of the sheds. Shanghai Institute of Yi Ju pointed out that the real estate market development cycle determines the future real estate market is difficult as the past for the local finance to bring a continuous growth of income, the real estate market will turn into the stock market, land finance is not a long-term plan. Analysts pointed out in May 3rd that for the real estate enterprises, the emphasis of tax burden has always been a controversial topic. At present, the proportion of Housing enterprises tax is relatively fixed, but with the advance of the real estate tax reform, the overall tax pressure of Housing enterprises will be reduced in the future. Source: twenty-first Century economic report editor: Han Jiapeng _NN9841 The Shanghai Institute of Yi Ju also pointed out that the main forms of the use of land for financial revenue include: the transfer of industrial land by a series of preferential policies and the tax effect of foreign enterprises, and the expansion of cities by the way of large demolition and large construction, and the expansion of cities, land occupation and The tax revenue brought by the real estate development; the land reserve center, the government company and the development zone as the carrier to enjoy the proceeds from land mortgage financing to the bank. The dependence degree of different cities on land finance is different. Among them, the three or four line cities are considered to be relatively high depending on the lack of industrial aggregation and the large scale of the sheds. Shanghai Institute of Yi Ju pointed out that the real estate market development cycle determines the future real estate market is difficult as the past for the local finance to bring a continuous growth of income, the real estate market will turn into the stock market, land finance is not a long-term plan. Analysts pointed out in May 3rd that for the real estate enterprises, the emphasis of tax burden has always been a controversial topic. At present, the proportion of Housing enterprises tax is relatively fixed, but with the advance of the real estate tax reform, the overall tax pressure of Housing enterprises will be reduced in the future.