The VAT invoice tax rates are 17%, 1 1%, 6%, 3% and 0% respectively. Taxpayers engaged in projects with different tax rates shall separately account for the sales of projects with different tax rates; If the sales volume is not accounted for separately, a higher tax rate shall apply. Special VAT invoices are only applicable to general taxpayers.
The specific provisions are as follows:
The tax rates of 1 and 17% are applicable to the sale or import and export of goods and the provision of processing and repair services;
2. 13% tax rate and other applicable regulations of the State Council on grain, books, feed, agricultural products and resources;
3. The tax rate of 1 1% is applicable to transportation services, postal services, telecommunications services, construction services, financial leasing, leasing services, land use rights sales and real estate sales;
4, 6% tax rate, financial services, research and development and technical services, information technology services, cultural and creative services, logistics services, forensic consulting services, radio and television services, life services, intangible assets sales, etc. ;
5, 0% tax rate, applicable to export goods.
The power bureau also issues special invoices, which can be deducted by enterprises. At the same time, according to the current value-added tax regulations, enterprises can pay water and electricity fees and deduct the tax amount according to the value-added tax amount indicated on the special VAT invoice. Therefore, the value-added tax for paying utilities is the input tax.
Input tax refers to the value-added tax paid for the purchase of goods or taxable services in the current period. In enterprise calculation, VAT payable is the number of output tax minus input tax. Therefore, the input tax amount is directly related to the tax amount.
The calculation of financial statements adopts the following formula: input tax = (purchased raw materials, fuel, power) * tax rate /( 1+ tax rate).
legal ground
Article 2 of the Provisional Regulations on Value-added Tax
VAT rate:
(2) The taxpayer sells or imports the following goods at the tax rate of 13%:
Tap water, heating, air conditioning, hot water, gas, liquefied petroleum gas, natural gas, biogas and coal products for residents; Wait a minute.
Announcement on deepening the relevant policies of value-added tax reform
1. General VAT taxpayers (hereinafter referred to as taxpayers) carry out VAT taxable sales or import goods. If the original tax rate is 16%, the tax rate will be adjusted to13%; If the tax rate of 10% was originally applied, the tax rate will be adjusted to 9%.