The value-added tax rate is the ratio of the value-added tax amount to the sales of goods or taxable services, and it is the scale for calculating the value-added tax amount of goods or taxable services. The current value-added tax rate in China belongs to the proportional tax rate, which is divided into three tax rates: 13%, 9% and 6% and two tax rates of 5% and 3% according to taxable behavior.
General tax basis of VAT
Sales refers to the total price and extra-price expenses charged by taxpayers for taxable sales excluding output tax. (Basis: Article 6 of the Provisional Regulations on Value-added Tax in People's Republic of China (PRC) (revised version 20 17) (the State Council Decree No.691))
Calculation formula of value added tax
1, sales = sales revenue including tax /( 1+ 17%)
2. Sales revenue including tax = sales volume *( 1+ 17%)
= sales+sales * 17%
= sales+output tax (or input tax)
3. Output tax (or input tax) = sales revenue including tax/(1+17%) * 17% = sales *17%.
Scope of collection and taxpayers
(1) Collection scope: goods that are sold or processed, repaired and replaced, goods that provide taxable services and imported goods in People's Republic of China (PRC).
Taxpayer: Units and individuals that sell goods or provide processing, repair and replacement services, taxable services and imported goods in People's Republic of China (PRC).
value-added tax
Unless otherwise specified, the tax rate of taxpayers selling or importing goods is 17%.
Taxpayers provide processing, repair and replacement services (hereinafter referred to as taxable services), and the tax rate is 17%.
Taxpayers sell or import the following goods at a tax rate of 13%:
① Grain and edible vegetable oil;
(two) residents tap water, heating, air conditioning, hot water, gas, liquefied petroleum gas, natural gas, biogas and coal products; 3. Books, newspapers and magazines;
④ Feed, chemical fertilizer, pesticide, agricultural machinery and plastic film;
⑤ Other goods specified by the State Council.
How is the VAT exemption and refund calculated?
Calculation of VAT Exemption and Refund
Taxable amount in the current period = output tax amount in the current period-(input tax amount in the current period-tax exemption and refund in the current period shall not be reduced)-tax retention in the previous period.
Tax amount that cannot be reduced or exempted in the current period = FOB price of export goods in the current period ×× (applicable tax rate for export goods-tax refund rate for export goods)-tax amount that cannot be reduced or exempted in the current period.
Tax amount that cannot be reduced or exempted in the current period = price of raw materials purchased duty-free in the current period × (applicable tax rate for export goods-tax refund rate for export goods)
Current tax exemption amount = FOB price of current export goods × RMB foreign exchange conversion rate × export tax rebate rate-current tax exemption amount.
Current tax-free amount = current tax-free purchase price of raw materials × tax refund rate of export goods.
When the situation is exempted, it will not stay:
If the period-end tax allowance is less than or equal to the period-end tax allowance and tax refund, then
Current tax refund amount = current end-of-period tax allowance
Current tax allowance = current tax allowance-current tax refund amount
In case 2, is there a suspension:
Tax credit at the end of this period > If the tax refund is tax-free in this period, then
Current tax refund amount = current tax exemption amount
Current tax allowance =0
There is tax allowance in this period.
Calculation of VAT Exemption and Refund
Foreign trade enterprises export goods other than entrusted processing, repair and replacement:
VAT refundable amount = VAT refund (exemption) tax basis × export goods tax rebate rate
Foreign trade enterprises export goods entrusted for processing, repair and replacement;
VAT Refund Amount = Tax Basis for VAT Refund (Exemption) of Entrusted Processing, Repair and Repair × Tax Refund Rate of Export Goods