The value-added tax in the publishing process is first levied and retreated.
The current tax policy restricts the preferential treatment of value-added tax for publications, that is, publishers who violate the rules and regulations for many times will not enjoy this preferential treatment. Therefore, the key point of implementing this policy is mainly the provision of preferential scope. According to the policy, before the end of 2005, seven kinds of publications stipulated by the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China will enjoy the preferential treatment of value-added tax, namely, textbooks for primary and secondary school students, ancient books, sci-tech books and sci-tech periodicals. Taxable books and periodicals should be listed separately in sales to ensure full tax refund.
Taxpayers who operate VAT tax reduction or exemption items, VAT tax exemption items or business tax exemption items and non-preferential items at the same time shall establish separate accounts, otherwise they shall not enjoy preferential tax reduction or exemption. In addition, if taxpayers sell other products with non-13% tax rate when selling books, newspapers and magazines, the sales of these products with different tax rates should also be accounted for separately. If it is not accounted for separately, a higher tax rate will apply.
According to the regulations, taxpayers provide business tax taxable services (such as advertising services) through the media while producing and selling cultural products subject to VAT. Moreover, business tax taxable services have nothing to do with the products sold, that is, goods sales and non-VAT taxable services should be accounted for separately. If it is not separately accounted for or cannot be accurately accounted for, the non-VAT taxable services shall be subject to VAT together with the goods. Generally speaking, the tax burden of value-added tax should be greater than business tax. However, if there are many deductible raw materials purchased in this period and the advertising industry levies business tax, it should also levy cultural undertakings construction fees. So the tax burden of business tax is not necessarily lower than that of value-added tax.
For example, popular periodicals are expected to receive 8 million yuan in tax revenue and 2 million yuan in advertising revenue from magazine distribution next year. 3 million yuan was purchased for materials and 2 million yuan was paid for entrusted printing and processing (both including tax), all of which obtained special VAT invoices, of which 20% was used for advertising expenses. If the advertising business and periodical distribution business are not accounted for separately, the value-added tax shall be levied together, and the value-added tax is 423,900 yuan [(800+200) ÷1.13%-(300+200) ÷1.65438%]. If the advertising business and periodical distribution business are accounted separately, the value-added tax payable for the distribution business is 339,200 yuan [800 ÷1.13%-(300+200) ÷1.17× 65438+. It can be seen that it is beneficial for taxpayers not to calculate separately, and the tax burden can be reduced by 35,300 yuan (45.92-42.39).
Sales value-added tax will be refunded first.
Before the end of 2005, the publications sold by Xinhua Bookstore and rural supply and marketing cooperatives at or below the county level will be subject to the policy of VAT being levied first and then returned. If the returned tax is used exclusively for the construction of distribution outlets and information systems, it will not be included in the current profits and losses. Using this preferential policy, we can develop grass-roots sales outlets according to the actual situation, not only to open up the market and find new growth points, but also to get preferential value-added tax.
Ancient books are exempt from value-added tax.
Ancient books refer to ancient books and used books acquired by the society. Taxpayers still have to pay VAT to sell their unsalable "old books". Taxpayers who set up their own companies to buy used books and then sell them to consumers are exempt from VAT. Generally speaking, the price that taxpayers directly retail to consumers is higher than that sold to second-hand book management companies, and the output tax calculated by this method will be higher than the latter. If taxpayers set up their own second-hand book management company without transferring profits, and then the second-hand books are sold by the management company, they can get a certain income.
Select the appropriate input deduction method.
The purchase tax deduction of value-added tax will not reduce the overall tax burden of taxable products of enterprises, but the tax payment time can be adjusted. According to the accounting of industrial enterprises, the input tax of raw materials can be deducted when it is put into storage, while the printing fee can only be deducted after it is received. In the case of insufficient funds, enterprises should carefully adjust and reduce the cost of funds. It should be noted that if the purchased raw materials are used for non-payable VAT items, the input tax amount contained therein cannot be deducted from the current output tax amount. Publishing books, newspapers, periodicals and audio-visual products and using these carriers to engage in advertising business are part-time sales. Distribution business belongs to the category of value-added tax, and advertising business belongs to the category of business tax. The input tax included in the materials used for advertising business cannot be deducted from the current output tax (Guo Shui Fa [2000] 188 "Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Value-added Tax Issues Concerning Advertising Income of Publications"): the input tax that cannot be deducted = the total input tax in the current month × the turnover of non-taxable items in the current month/the total sales in the current month (including the sales of value-added tax items and business tax items). The publishing unit should determine whether to provide an accurate proportion of advertising space according to the expected business situation, so as to minimize the non-deductible input tax and obtain tax-saving benefits.
For example, popular periodicals are expected to receive 8 million yuan in tax revenue and 2 million yuan in advertising revenue from magazine distribution next year. 3 million yuan was purchased for materials and 2 million yuan was paid for entrusted printing and processing (both including tax), all of which obtained special VAT invoices, of which 20% was used for advertising expenses. Among them, there are two choices to purchase goods and accept taxable services for advertising: one is to accurately provide the proportion of advertisements in the layout, that is, 10%, and the input tax that cannot be deducted in this period is 72,600 yuan [(200+300) ÷1.17% ×/kloc-] Second, it is impossible to accurately provide the proportion of advertisements in the layout. The non-deductible input tax in this period is160000 (200+300) ÷1.17% × 200 ÷ (800 ÷ 65438+). However, if this proportion is increased, the proportion of non-taxable services in total sales will decrease, and taxpayers can also adopt a scheme that the layout does not provide advertising proportion.
In fact, we can further analyze the critical point of the tax burden of the proportion of advertisements in the layout, so as to further save taxes by adjusting the proportion of advertisements in the layout.
Planning for selecting sales settlement method
There are many forms for publishing companies to sell published products, but generally there are two kinds, namely cash sales and credit sales. Different sales methods and settlement methods have different tax obligations. Most publishing units take the way of delivering books to Xinhua Bookstore for consignment first, and then settling one by one to recover the payment, so as to choose the settlement method according to the consignment goods or the goods issued by stages, so as to achieve the purpose of deferred tax payment. Consigned goods refer to the way that the principal entrusts the agent to sell the products. Under this sales model, the business income cannot be confirmed when the goods are delivered. For consigned goods whose operating income has not been confirmed, you can set the subject of "consigned goods" to calculate the cost of the goods issued, and confirm the operating income when you receive the list of consigned goods. Installment sales refers to the sales mode that the goods have been delivered and the payment is recovered by installments. Under this sales method, the operating income is confirmed by stages according to the payment date agreed in the contract. The publishing house only needs to sign a distribution agreement with the distributor to clarify what kind of behavior its sales behavior belongs to, so it can confirm its sales revenue reasonably and legally. Especially for books with strong seasonality, this way can make taxes reflected in each accounting period in a balanced way and avoid paying taxes in advance.