Adjust the personal housing transfer business tax policy announced

　　From March 31, 2015, individuals who sell houses bought within the past two years shall be liable for business tax; individuals who sell non-ordinary houses bought more than two years (including two years) ago shall be liable for business tax on their sales revenue minus cost of buying houses; individuals who sell ordinary houses they bought more than two years (including two years) ago shall be exempt from business tax.

　　Explanations from the State Administration of Taxation on matters of general Value-added Tax (VAT) payers

　　The first article of the notice mandates that registration system shall be implemented in qualifying general taxpayers. Examination and approval of tax authorities are abolished in specific registration procedures and taxpayers can secure general taxpayer qualification after the tax authorities in charge have reviewed and confirmed the registration information submitted by taxpayers.

　　The China Certified Tax Agents Association (CCTAA) calls for retaining examination and approval of practicing and establishment of tax agent firms

　　Reasons given by the CCTAA include: tax-related services provided by tax agent firms and certified tax agents are of the nature of public service and are directly linked with public interests.Such services entail special credit, skills and conditions, and will hardly be under efficient management if solely dependent on market regulation, industry self-discipline and post-mortem supervision, which may even result in the phenomenon of bad services driving out good services.