Since May 1 this year, four national industries, namely construction, real estate, finance and life service, have been included in the pilot scope of changing business tax into value-added tax. Since then, all current business tax payers have been changed to value-added tax. Achieve full coverage of goods and services, open up the tax deduction chain, and support the development of modern service industry and the upgrading of manufacturing industry. Among them, the construction industry and real estate industry are subject to the tax rate of 1 1%, and the financial industry and life service industry are subject to the tax rate of 6%.

After the last round of VAT reform included the purchase of machinery and equipment by enterprises in the deduction scope, this reform also included real estate in the deduction scope. Whether it is the original VAT taxpayer such as manufacturing and commerce, or the pilot taxpayer of the reform of the camp, the VAT contained in the newly added real estate can be deducted. Increase the burden reduction of enterprises and promote the expansion of effective investment. At the same time, in principle, the original preferential business tax policy will be continued for new pilot industries, transitional measures will be taken for specific industries, and zero tax rate or tax exemption policy will be implemented for service exports to ensure that the tax burden of all industries will only be reduced.

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