1, production vat:
Productive value-added tax means that when collecting value-added tax, only the tax on the means of production belonging to non-fixed assets can be deducted, but not the tax on the value of fixed assets. This kind of value-added tax is roughly equivalent to GDP, so it is called production value-added tax.
2. Income-based VAT:
Income-based value-added tax means that when collecting value-added tax, only the tax included in the depreciation of fixed assets is allowed to be deducted, and the depreciation part is not included in the deducted project amount. This kind of value-added tax is roughly equivalent to national income, so it is called income-based value-added tax.
3. Consumption VAT:
Consumption value-added tax refers to all taxes included in the value of fixed assets, which can be deducted when collecting value-added tax. Therefore, for the whole society, the means of production are excluded from the scope of taxation. This kind of value-added tax is only equivalent to the value of social consumption materials, so it is called consumption-oriented value-added tax.
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 by foreign governments and international organizations free of charge;
6. Special articles for the disabled are directly imported by disabled organizations;
7. sell your used items.
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.
Baidu Encyclopedia-VAT