Due to the Sino-US trade war friction and social controversy activities continued, the three hot tax levies continued to fall
In September, 1,220 cases of spicy tax transactions were involved, which fell for 3 months, the lowest since July 2014; The tax revenue was about 978 million yuan, and after February this year, it fell below 1 billion.
According to the statistics of the Inland Revenue Department, the number of transactions involving “spicy taxation" (including ad valorem stamp duty, buyer’s stamp duty and additional stamp duty) was 1,220, which was 29.5% lower than the 1,730 cases in August. The number was mainly doubled. The stamp duty and the buyer’s stamp duty were affected. The tax involved was about 978 million yuan, which was about 24.2% lower than the 1.291 billion yuan in August.
According to records, the government gazetted the double stamp duty on July 25, 2014. It was only in July of that year that it began to collect relevant taxes on property transactions. Therefore, in July 2014, it was the first time to record 3 hot stamps, but at that time double stamp duty. Only 21 cases, the total number of the month was only 427. Last month, 1,220 cases were the lowest since July 2014. Due to the lag of data, it is expected to reflect the first-hand market conditions in August.
107 records of BSD fell 55.8% month-on-month
Buyer’s Stamp Duty (BSD), which reflects the entry of non-local buyers and company-name buyers, was recorded in 107 cases in September, down 135 or 55.8% month-on-month, which is the second lowest level this year. Only about 230 million yuan, 30% lower than the 330 million yuan in August. The relevant figures did not reflect the situation of large-scale passengers sweeping goods in the South West Kowloon Huizhou III last month.
In terms of the average tax involved, the average tax for each BSD transaction in September was 2.16 million yuan, a slight increase from the average of 1.37 million yuan in August
In addition, there were 1,084 transactions in residential and non-residential ad valorem stamp duty, which fell by 25.5% month-on-month, the lowest since July 2014, and the tax fell by 22.5% to approximately 726 million yuan. Among them, 15% of the Double Stamp Duty (DSD) for investors entered the market, 247 cases were recorded in September, down 145 cases or 37% compared with 392 cases in August. The tax involved was 390 million, down 33.9% month-on-month. .
As for the Special Stamp Duty (SSD), 29 cases were recorded in September, down 12.1% month-on-month, the lowest this year.