According to the latest policy of camp reform, if the cash pool income takes the form of unified borrowing and unified repayment, it will be exempted from VAT during the transition period of camp reform. If it does not belong to the fund lending relationship formed in the form of unified borrowing and unified repayment, the value-added tax will be levied according to the loan service business activities of the "financial and insurance industry" after the reform of the camp, and the tax rate will be 6%.
2. What is the tax rate of the financial and insurance industry after the reform of the camp?
Financial insurance value-added tax, the applicable tax rate is 6%
For financial insurance value-added tax, the applicable tax rate for model taxpayers is 3%.
Extended reading:
1, loan
Sales is the income from providing loan services.
2. Direct charge financial services
The sales amount includes handling fee, commission, tip, management fee, service fee, handling fee, account opening fee, transfer fee, settlement fee, transfer custody fee, etc.
3. Transfer of financial commodities
Deduct sales according to the selling price.
The positive and negative difference of financial goods transfer is the negative difference after the profit and loss are offset, which can be carried forward to the next tax payment to offset the sales of financial goods transferred in the next period. However, if there is still a negative balance at the end of the year, it shall not be carried forward to the next fiscal year. The purchase price of financial commodities can be selected by weighted average method or mobile addition method, which cannot be changed within 36 months, and special invoices for value-added tax may not be issued.
4. Income from insurance services
5. Financing lease and financing sales
(1) The pilot taxpayers engaged in financial leasing business approved by the People's Bank of China, the China Banking Regulatory Commission or the Ministry of Commerce provide financial leasing services, and the balance after deducting the loan interest paid (including foreign exchange loans after purchase tax and RMB borrowed vehicles) is sales.
(The meeting or the Ministry of Commerce approves taxpayers to provide financing after-sale leaseback service to obtain full price and extra-price expenses (excluding principal, deducting loan interest and RMB loans) and sales volume.
(3) The pilot taxpayers can continue to pay the value-added tax according to the tangible movable property financing sale and leaseback contract signed before April 30, 20 16 and the tangible movable property financing sale and leaseback service provided before the expiration of the contract.
(4) If the paid-in capital reaches 65.438+0.7 billion yuan after May 654.38+0, 2065.438, authorized by the Ministry of Commerce and approved by the State Economic and Technological Development Zone, it shall be implemented according to the above provisions (654.38+0), (2) and (3) from the month when it reaches the standard; After May, 2065438 1, the paid-in capital did not reach 65438+700 million yuan, but before the registered capital reached 1 1, it can still be implemented according to the provisions in the above points (1) and (2)(3), August/kloc.
Second, the tax payment place
If it is a fixed business, it should report to the competent tax authorities where its institution is located or its domicile is not in the same county (city). With the approval of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China or its authorized financial and tax authorities, the head office can report and pay taxes to the competent tax authorities where its head office is located.
Three. Time and time limit of tax payment obligation
In addition to the general provisions, there are the following special provisions:
(1) After a financial enterprise issues a loan, the unpaid interest receivable within 90 days from the interest settlement date shall be implemented according to the current regulations, and the interest from the interest settlement date shall not be subject to VAT temporarily, and the value-added tax shall be paid according to the regulations when the interest is actually received.
(2) The tax payment period for banks, finance companies, trust and investment companies and credit cooperatives is 1 quarter.
3. What is the tax rate of the financial and insurance industry after the reform of the camp?
According to national regulations, if the monthly income does not reach the threshold or the monthly income (excluding tax) does not exceed 30,000 yuan or the quarterly income does not exceed 90,000 yuan, the value-added tax will be exempted. As long as they are ordinary taxpayers, they can deduct the input tax. Whether it is 3%, 1 1% or 17%, they can deduct the output tax included in the invoice issued by 6%.
4. What is the tax rate of the financial and insurance industry?
1. What is the financial insurance tax rate? The applicable tax rate is 6%. The applicable tax rate for general taxpayers is 6%; The applicable tax rate for small-scale taxpayers is 3%.
2. What does the insurance VAT rate mean? The meaning of insurance value-added tax rate refers to the ratio of the value-added tax amount of insurance companies to taxable sales. According to the relevant regulations, the financial and insurance industry belongs to the service industry at present, and the applicable VAT rate is 6%. Value-added tax refers to a turnover tax levied on the basis of the value-added amount generated by goods in circulation. 3. What is the calculation method of insurance VAT rate? (1) personal insurance value-added tax treatment method Considering the current treatment method of exempting personal insurance for one year or more from business tax in China and the international common practice of exempting personal insurance from value-added tax, it is very possible for our government to exempt personal insurance from value-added tax. Of course, the policy reason of tax exemption is also reasonable, that is, as one of the main components of life insurance, savings are exempt from turnover tax in China and other countries. In addition, in the first phase of the pilot reform of the camp, the China Municipal Government also showed its willingness to extend the preferential tax reduction and exemption policies under the original business tax system to the current value-added tax system, so that different industries can smoothly transition to value-added tax. (2) Non-life insurance value-added tax treatment method 1. Simple tax method If simple tax method is adopted, non-life insurance companies should pay value-added tax according to the collection rate of insurance premium income rather than "value-added amount". There is no essential difference between simple taxation method and business tax. Under the simple tax calculation method, when an insurance company provides insurance services to general VAT taxpayers, the insured cannot deduct the input tax related to the purchase of non-life insurance policies, nor can they deduct the input tax related to the policy sales cost, management expenses and compensation management expenses. In other words, a simple taxpayer leads to repeated taxation of the whole service chain, and this feature is precisely one of the important reasons for the gradual cancellation of business tax. 2. General tax method The general tax method of "value-added amount" is adopted for countries that levy value-added tax on non-life insurance. The calculation formula is roughly as follows: VAT = (premium income-paid insurance claims) × VAT rate In these countries, the "value-added amount" is basically calculated according to the premium income invoiced by the insurance company and the paid insurance claims in each tax period. "Paid insurance indemnity" adopts cash basis, regardless of insurance reserve or other accrued items. In addition, insurance companies can also deduct the input tax related to general business expenses, such as paying management expenses and general indirect expenses. Although all these countries levy VAT on non-life insurance, they adopt different methods. The above is the legal knowledge about the tax rate of financial and insurance industry collected through sorting. In this article, I also answered other related questions about the tax rate of finance and insurance in detail. I hope you can read it carefully and analyze the problems in combination with the specific situation.