1, the general taxpayer sells drugs at the tax rate of 17%, which can be deducted from the input tax;
2. Small-scale taxpayers selling drugs shall be subject to VAT at the rate of 3%, and the input tax shall not be deducted.
Taxpayers selling drugs must issue VAT invoices (including special VAT invoices and ordinary VAT invoices) according to their actual tax rate 17% or the collection rate of 3%. The special VAT invoice is the same as the ordinary VAT invoice. Special VAT invoice in quadruplicate and seven copies (excluding stub copies, in triplicate and six copies). The first copy is the stub copy (for future reference), the second copy is the invoice copy (for the buyer's bookkeeping), the third copy is the deduction copy (for the buyer's tax deduction certificate), the fourth copy is the bookkeeping copy (for the seller's bookkeeping), and the seventh copy is the backup copy, which are used as enterprise exit cards respectively. Ordinary invoices are only in triplicate, with the first stub, the second invoice and the third bookkeeping.
The method of issuing invoices is as follows:
1, tax agent. When some legal entities or individuals are not qualified to issue invoices, they can go to the tax bureau to issue invoices, which is a tax agent. The competent tax authorities shall pay taxes on the spot when issuing invoices. If the refund process of invalid invoices is complicated and takes a long time, the billing information should be carefully checked with the billing requirements of customers.
2, self-invoicing. After the enterprise is registered, it can handle tax control and invoices, and is eligible to issue invoices. After that, the company will be equipped with computers and stylus printers, and then it can start to invoice itself. It is generally suggested that as long as the company has business income, it should apply for the qualification of invoicing as soon as possible and invoice itself.
Article 4 of the Provisional Regulations on Value-added Tax in People's Republic of China (PRC), except as stipulated in Article 11 of these Regulations, the taxable amount of taxpayers selling goods, labor services, intangible assets and real estate (hereinafter referred to as taxable sales) is the balance after deducting the current input tax from the current output tax. The calculation formula of tax payable is: tax payable = current output tax-current input tax. When the current output tax is less than the current input tax, the insufficient part can be carried forward to the next period for further deduction.
Eleventh small-scale taxpayers taxable sales behavior, the implementation of a simple method to calculate the tax payable according to the sales volume and the collection rate, and shall not be deducted from the input tax. The calculation formula of tax payable is tax payable = sales volume multiplied by the collection rate. The standards for small-scale taxpayers shall be stipulated by the competent departments of finance and taxation of the State Council.