Reimbursement principle:
1. Travel expenses must be controlled within the total budget of each department and not overspent.
2. Employees must submit a written application in advance for business trip, fill in the business trip application form, and obtain the approval of their immediate superiors. No one will be reimbursed without prior approval.
3. When employees are on a business trip, they need to temporarily increase their business trips to a new business trip place due to work needs. After written/e-mail confirmation by the business trip approver, the added trip will be regarded as another business trip time, which will not be counted continuously with the original business trip time;
4. Travel standards: For basic standards such as transportation, accommodation and subsidies for employees on business trips, please refer to the Group's Travel Expense Reimbursement Management System.
I. Input tax amount
Input tax refers to the value-added tax paid or borne by taxpayers when they purchase goods, processing, repair and replacement services, services, intangible assets or real estate. Input tax = (purchased raw materials, fuel, power) × tax rate.
Second, the calculation formula
Input tax refers to the value-added tax paid for the purchase of goods or taxable services in the current period. In enterprise calculation, VAT payable is the number of output tax minus input tax. Therefore, the input tax amount is directly related to the tax amount. In general, the following formulas are used when calculating financial statements:
Input tax = (purchased raw materials, fuel, power) * tax rate
Input tax is the money that has been paid, and it is recorded in the debit when making accounting entries.
Third, the scope of deduction
According to the provisions of the tax law, the input tax allowed to be deducted from the output tax is limited to the value-added tax indicated on the following value-added tax deduction vouchers and the input tax calculated at the prescribed deduction rate:
1. Taxpayers purchase goods or taxable services and obtain the VAT amount indicated on the special VAT invoice from the seller.
2. Deduct the input tax at 10% of the price paid by the taxpayer to agricultural producers or small-scale taxpayers to purchase duty-free agricultural products and the price indicated on the purchase certificate approved by the tax authorities.
3. If duty-free grain is purchased from domestic grain purchase and sale enterprises, the input tax amount can be deducted 10% according to the obtained ordinary invoice amount.
4. The freight paid by taxpayers for goods purchased and sold (excluding handling fees, insurance premiums and other miscellaneous fees) shall be deducted from the input tax by 7% according to the freight and fund amount listed in the freight settlement form (ordinary invoice).
5. General taxpayers of production enterprises can buy duty-free waste materials sold by waste materials recycling business units, and deduct the input tax 10% according to the amount indicated on the ordinary invoice issued by waste materials recycling business units and supervised by the tax authorities.
6. Enterprises purchasing special equipment and general equipment of VAT anti-counterfeiting tax control system can deduct the VAT output tax by the tax amount indicated in the special invoice obtained at the time of purchase.
legal ground
Provisional Regulations of People's Republic of China (PRC) Municipality on Value-added Tax
Article 10 The input tax of the following items shall not be deducted from the output tax:
(1) Goods, services, intangible assets and real estate purchased for simple taxation, exemption from value-added tax, collective welfare or personal consumption;
(two) abnormal losses of purchased goods and related labor and transportation services;
(3) Goods purchased (excluding fixed assets), services and transportation services consumed by products in process and finished products with abnormal losses;
(four) other projects stipulated by the State Council.