In April, Company A paid the product A 1 10,000 yuan, and the VAT input tax10.7 million yuan to obtain a special VAT invoice. The sales of product A including tax is 23,400 yuan.

Input tax = 1700 yuan

Output tax = 23400/(1+17%) ×17% = 3400 yuan.

Taxable amount =3400- 1700= 1700

Value-added tax is a turnover tax based on the value-added amount of goods (including taxable services) generated in the circulation process. From the tax principle, value-added tax is a turnover tax levied on the added value of many links such as commodity production, circulation and labor services or the added value of commodities. Extra-price tax is implemented, that is, it is borne by consumers, and tax is levied only if there is value added, and tax is not levied if there is no value added.

Value-added tax is a tax levied on the value-added of units and individuals who sell goods or provide processing, repair and replacement services and import goods. Value-added tax has become one of the most important taxes in China, accounting for more than 60% of all taxes in China, and it is the largest tax.

Value-added tax is collected by the State Taxation Bureau, 75% of which comes from the central government and 25% from local governments. The import value-added tax is collected by the customs, and all the taxes are the central fiscal revenue.

Extended data

tax 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: 13%, 9%, 6%, 0% and so on.

Applicable to 13%? Tax rate: selling goods or providing processing, repair and replacement services and importing goods. Provide tangible movable property rental services.

9% tax rate 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%.

Baidu Encyclopedia-VAT