The calculation formula is: tax payable = current output tax-current input tax.
Output tax = sales × tax rate
Sales = sales including tax ÷( 1+ tax rate)
Output tax: refers to the value-added tax calculated according to the sales of taxable services provided by taxpayers and the value-added tax rate.
Input tax: refers to the value-added tax paid or undertaken by taxpayers when they purchase goods or accept processing, repair and replacement services and taxable services.
Second, small-scale taxpayers:
Taxable amount = sales × collection rate
Sales = sales including tax ÷( 1+ collection rate)
From July of 20 17 and 1 year, the structure of VAT rate will be simplified and the VAT rate of 13% will be cancelled.
At present, the tax rates applicable to ordinary taxpayers are: 16%, 10%, 6%, 0% and so on.
The tax rate of 16% applies.
Selling goods or providing processing, repair and replacement services and importing goods. Provide tangible movable property rental services.
The tax rate of 10% applies.
Provide transportation services.
Agricultural products (including grain), tap water, heating, liquefied petroleum gas, natural gas, edible vegetable oil, cold air, hot water, gas, coal products for residents, edible salt, agricultural machinery, feed, pesticides, agricultural films, fertilizers, biogas, dimethyl ether, books, newspapers, magazines, audio-visual products and electronic publications.
The tax rate of 6% applies.
Provide modern service industry services (except tangible movable property leasing services).
The tax rate of 0% applies.
Export commodities and other special businesses.
On April 9, 2065438, the executive meeting of the State Council decided to reduce the value-added tax rate from four levels to three levels: 1 7%, 1 1% and 6%, and cancel1. The first step will be to simplify and merge the VAT rate of the largest tax in China.
Tax rate
The collection rate of small-scale taxpayers is 3%.
Extended data:
China began to try out the value-added tax from 1979, and carried out three important reforms successively: 1984, 1993 and 20 12. The basis of the current value-added tax system is1Provisional Regulations on Value-added Tax in People's Republic of China (PRC) issued by the State Council on February 3, 1993 (the State Council DecreeNo. 134).
The first reform is the transitional stage of value-added tax. At this time, the value-added tax is carried out on the basis of product tax, with narrow taxation scope, many tax rates, complicated calculation methods and traces of product tax, which belongs to denatured value-added tax.
The second reform belongs to the standard stage of value-added tax. Referring to the international practice, combined with the actual situation in Chinese mainland, we expanded the scope of taxation, reduced and merged the tax rate, standardized the calculation method, and began to enter the international standardization ranks.
The third reform changed some modern service industries from business tax to value-added tax, which expanded the scope of value-added tax collection.
References:
Baidu Encyclopedia-VAT