The six points are the 6% VAT rate, which is the tax rate of "modern service industry" in the new tax system reform.
The basic tax payment formula is: tax payable = output tax-input tax.
VAT calculation formula: sales excluding tax ×( 1+ tax rate) = sales including tax.
Sales excluding tax × tax rate = payable output tax
The objects of modern service industry value-added tax payment are: research and technical services, information technology services, cultural and creative services, logistics support services, visa consulting services, radio, film and television services.
The Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China issued the Notice on the Policy of Degenerate VAT Rate. 1, 20 17 Since July, the structure of value-added tax rate has been degenerated, the value-added tax rate of 13% has been cancelled, and the scope of goods to which 1 1% tax rate applies and the provisions for deducting input tax have been clarified. As of May 1 day, 2065438, the following provisions have been made:
1. Taxpayers engaged in VAT taxable sales or imported goods, and the original tax rates were 17% and 1 1%, and the tax rates were adjusted to 16% and 10% respectively. ?
Two, taxpayers to buy agricultural products, the original application of 1 1% deduction rate, the deduction rate is adjusted to 10%.
3. If the taxpayer purchases agricultural products for the production, sale or entrusted processing of goods, and the tax rate is 16%, the input tax shall be calculated according to the deduction rate of 12%.
4. For the export goods for which the tax rate of 17% and the export tax rebate rate of 17% were originally applicable, the export tax rebate rate shall be adjusted to 16%. For export goods and cross-border taxable activities that were originally subject to the 1 1% tax rate and the export tax rebate rate was 1 1%, the export tax rebate rate was adjusted to 10%.
Extended data:
Article 15 of the Provisional Regulations on Value-added Tax in People's Republic of China (PRC) stipulates that the following seven items shall be exempted from value-added tax:
1. Self-produced agricultural products sold by agricultural producers;
2. Contraceptive drugs and devices;
3. Old books;
4 imported instruments and equipment directly used for scientific research, scientific experiments and teaching;
5. Imported materials and equipment provided free of charge by foreign governments and international organizations;
6. Disabled persons' organizations directly import articles for the disabled;
7. Goods sold for your own use.
In addition to the provisions of the preceding paragraph, the items of tax exemption and reduction of value-added tax shall be stipulated by the State Council. No region or department may stipulate tax exemption or reduction items.
References:
State Taxation Administration of The People's Republic of China, People's Republic of China (PRC)-Notice on Adjusting VAT Rate
How to divide VAT taxpayers after State Taxation Administration of The People's Republic of China-VAT reform?