According to Article 28 of the Detailed Rules for the Implementation of the Provisional Regulations on Value-added Tax
The standards for small-scale taxpayers mentioned in Article 11 of the Regulations are:
(a) taxpayers engaged in the production of goods or providing taxable services, as well as taxpayers mainly engaged in the production of goods or providing taxable services, concurrently engaged in the wholesale or retail of goods, and the annual VAT sales (hereinafter referred to as taxable sales) is less than 500,000 yuan (inclusive, the same below);
(2) For taxpayers other than those specified in Item (1) of Paragraph 1 of this Article, the annual taxable income is less than 800,000 yuan.
Therefore, if your company is engaged in production or providing labor services, the annual VAT sales (hereinafter referred to as taxable sales) should be less than 500,000 yuan; The annual taxable sales of other enterprises are below 800,000 yuan. For small-scale taxpayers, those who exceed the above limit should be converted into ordinary taxpayers. If the taxpayer is not converted into a general taxpayer, the value-added tax shall be calculated and paid at the rate of 17%, and the input tax shall not be deducted.
Extended data:
Excerpted from the Detailed Rules for the Implementation of the Provisional Regulations of the People's Republic of China on Value-added Tax
Article 11 The value-added tax refunded to the buyer by taxpayers other than small-scale taxpayers (hereinafter referred to as general taxpayers) due to the return or discount of sales goods shall be deducted from the output tax of the current period in which the return or discount of sales goods occurs; The value-added tax recovered due to the receipt or discount of purchased goods shall be deducted from the input tax of the current period when the receipt or discount of purchased goods occurs.
After the general taxpayer sells goods or taxable services and issues a special VAT invoice, if the goods sold are returned, discounted or invoiced incorrectly, it shall issue a special VAT invoice in red in accordance with the Provisions of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC). If a special red-ink VAT invoice is not issued as required, the VAT shall not be deducted from the output tax.
Twenty-ninth other individuals whose annual taxable sales exceed the standard of small-scale taxpayers shall pay taxes as small-scale taxpayers; Non-enterprise units and enterprises with infrequent taxable activities may choose to pay taxes according to small-scale taxpayers.
Article 30 The sales of small-scale taxpayers do not include their tax payable.
Small-scale taxpayers selling goods or taxable services adopt the pricing method of combining sales amount with taxable amount, and calculate the sales amount according to the following formula: sales amount = sales amount including tax ÷( 1+ collection rate).
Article 31 The sales amount returned to the buyer by small-scale taxpayers due to the return or discount of sales goods shall be deducted from the current sales amount of the return or discount of sales goods.
On June 28th, 2008, 65438+February 28th, 2008, 65438+February 28th, 2008, Decree No.50 of the Ministry of Finance of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) was promulgated. According to the Decision on Amending the Detailed Rules for the Implementation of the Provisional Regulations of the People's Republic of China on Value-added Tax and the Detailed Rules for the Implementation of the Provisional Regulations of the People's Republic of China on Business Tax on October 28th, 20 10/0.
References:
China government network-detailed rules for the implementation of the provisional regulations of the people's Republic of China on value-added tax