Do I have to pay VAT for selling a house after May Day?

Selling a house after May Day is subject to VAT.

VAT:

1. From the tax principle, value-added tax is a turnover tax levied on the added value of many links such as commodity production, circulation and labor services or the added value of commodities.

2, the implementation of extra-price taxation, that is, it is borne by consumers, and tax is levied only when there is value-added, but it is difficult to accurately calculate the added value or added value of goods in the production and circulation process in actual operation.

3. Therefore, China also adopts the internationally common tax deduction method, that is, according to the sales of goods or services, the output tax is calculated at the prescribed tax rate, and then the value-added tax paid when obtaining goods or services is deducted, that is, the input tax, and the difference is the taxable amount of the value-added part. This calculation method reflects the tax originally calculated based on value-added factors. The formula is: tax payable = output tax-input tax.