Jiangsu SAT Specifies Deadline for Certain Tax Filings

January 14, 2014 Posted by China Briefing Reading Time: 3 minutes

Jan. 14 – China’s State Administration of Taxation (SAT) of Jiangsu Province recently released an announcement (Sudishuigui [2013] No. 6, hereinafter referred to as the “Announcement”) to specify the deadline for the filing of property tax, urban land use tax, vehicle and vessel tax, stamp tax, urban maintenance and construction tax and land value-added tax. The Announcement entered into effect on January 1, 2014.

Property Tax

Property tax is levied on property and paid by the owner of the property. According to the Announcement, property tax collected on the basis of the original value of the property should be paid by enterprises quarterly or by individuals semiannually. Taxpayers should submit their tax filing within 15 days upon the end of the corresponding period. For property tax imposed on rent revenue, taxpayers should file tax returns within 15 days of the following month of the actual realization of the rent revenue.

Urban Land Use Tax

Urban land use tax is levied on the usage of urban land, and the tax amount is assessed based on the actual area of the land being used. The Announcement stipulates the urban land use tax should be paid on a quarterly basis by enterprises or on a semiannually basis by individuals within 15 days upon the expiration of the corresponding period.

Vehicle and Vessel Tax

The withholding agent (usually the insurance company) of the vehicle and vessel tax should make the tax payment to the relevant tax authority before the 15th of every month.

Stamp Tax

Stamp tax is a tax levied on documents such as contracts, certificates and accounting books. According to the Announcement, taxpayers should file stamp tax returns before the 15th of every month.

Urban Maintenance and Construction Tax

Taxpayers of consumption tax, value-added tax, and business tax are also obligated to file the urban maintenance and construction tax. The filing period of urban maintenance and construction tax should be in compliance with the filing period of consumption tax, value-added tax, and business tax.

Land Value-Added Tax

Enterprises or individuals are subject to land value-added tax for the earnings generated from transfer of real estate or land usage rights. The tax filing period is one month and taxpayers should file their tax returns before the 15th of the following month.

Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States.

For further details or to contact the firm, please email china@dezshira.com, visit www.dezshira.com, or download the company brochure.

You can stay up to date with the latest business and investment trends across Asia by subscribing to Asia Briefing’s complimentary update service featuring news, commentary, guides, and multimedia resources.

Related Reading

The China Tax Guide: Tax, Accounting and Audit (Sixth Edition)
This edition of the China Tax Guide, updated for 2013, offers a comprehensive overview of the major taxes foreign investors are likely to encounter when establishing or operating a business in China, as well as other tax-relevant obligations. This concise, detailed, yet pragmatic guide is ideal for CFOs, compliance officers and heads of accounting who need to be able to navigate the complex tax and accounting landscape in China in order to effectively manage and strategically plan their China operations.