According to the Provisional Regulations of People's Republic of China (PRC) on Consumption Tax, motorcycles, automobiles, yachts and other commodities are subject to consumption tax. If an enterprise purchases fixed assets for its own use, it shall not deduct the input tax; If a commercial enterprise purchases inventory goods for sale, it can still deduct the input tax;
Some vehicles, as the fixed assets of enterprises, can also be deducted from the input tax as long as consumption tax is not levied, such as vehicles used for cargo transportation;
Item 2, Article 2 of Annex 2 of the Notice on Carrying out the Pilot Tax Policy of Changing Business Tax to VAT in Transportation Industry and Some Modern Service Industries in China (Caishui [2065438+03] No.37) allows the input tax of motorcycles, automobiles and yachts with consumption tax levied by the original VAT general taxpayers to be deducted from the output tax.
Unless otherwise specified, the contents specified in the annex of this notice shall be implemented as of May 1 day, 2065438. "
Extended data:
Fixed assets within the scope of value-added tax transformation are regarded as sales, and this part of value-added tax should be credited as "tax payable-value-added tax payable (output tax on fixed assets)"; If it is transferred halfway, the sales output tax shall be calculated and credited with "Taxes payable-VAT payable (fixed assets output tax)".
If there is a balance in "tax to be deducted-VAT to be deducted (VAT transformation)", this part of the input tax should also be transferred to "tax payable-VAT payable (fixed assets output tax)".
Deductible input tax in the transformation of value-added tax and its treatment
Taxpayers' input tax can be deducted according to regulations: purchasing (including accepting donations and in-kind investments, the same below) fixed assets; Self-made (including reconstruction, expansion and installation, the same below) purchased goods or taxable services of fixed assets;
For the fixed assets obtained through financial leasing, the lessor shall pay the value-added tax in accordance with the Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Levying Turnover Tax on Financial Leasing Business (Guo [2000] No.514); Transportation expenses paid by fixed assets.
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