Tax Deduction for Depreciation of Financial Leases "Announcement of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Tax Issues Concerning the Sale of Assets by Lessees in Financing Sale and Leaseback Business" (State Taxation Administration of The People's Republic of China Announcement No.20 20 10/0/3) stipulates that financing sale and leaseback business refers to the behavior of lessees to sell assets to enterprises approved to engage in financial leasing business for financing purposes, and then to rent back assets from financial leasing enterprises.
According to the relevant provisions of the current value-added tax and business tax, the lessee's behavior of selling assets in the financing sale and leaseback business does not belong to the scope of value-added tax and business tax collection, and value-added tax and business tax are not levied.
In the financing sale and leaseback business, the sale of assets by the lessee is not recognized as sales income, and the depreciation of financial leased assets is still based on the original book value of the lessee before the sale as the tax basis. During the lease term, the financing interest paid by the lessee is deducted before tax as the financial expenses of the enterprise.
That is to say, under the financing sale and leaseback mode, the lessee, as the actual user of the equipment, can obtain the special VAT invoice for purchasing the equipment because the equipment is purchased in its name, and its equipment input tax can be deducted. In the financing sale and leaseback business, the actual user of the equipment sells assets to the financial leasing company, and does not collect value-added tax and business tax, nor does it confirm the taxable income of the sales link.
Those who meet the conditions of deduction are recognized as general taxpayers, and the input of VAT invoices obtained can be deducted. Taxable amount = output-input general taxpayers refer to enterprises and business units whose annual sales of value-added tax (hereinafter referred to as annual taxable sales, including all taxable sales in a Gregorian calendar year) exceed the standard of small-scale taxpayers stipulated by the Ministry of Finance. One-year VAT sales (including export sales and tax-free sales, hereinafter referred to as annual taxable sales) meet or exceed the following standards: ① The annual taxable sales of industrial enterprises are more than 500,000 yuan; ② The annual taxable sales of commercial enterprises are above 800,000 yuan. Meet the above standards, in addition to the provisions can not be identified as a general taxpayer, should be identified as a general taxpayer (including individual industrial and commercial households, except individuals). Although the newly established enterprise does not meet the standards, it can also apply for recognition.
tax credit
Value-added tax is a kind of tax levied on value-added tax. The taxpayer is a general taxpayer of value-added tax and can deduct the input tax (non-value-added tax taxpayers cannot deduct it). For example, a general VAT taxpayer buys raw materials 150000 yuan, and the special VAT invoice indicates the tax amount of 25500 yuan (certified by the tax authorities within 90 days from the date of invoicing), and the total purchase amount is 175500 yuan. After processing and assembly, it becomes a piece of equipment. Suppose the sales income is 234,000 yuan, of which the amount is 200,000 yuan, the output tax is 34,000 yuan, and the value-added tax payable by ordinary taxpayers is 34,000-25,500 yuan = 8,500 yuan. According to the actual value-added tax paid, this 8500 yuan is equivalent to the value-added part (200,000 -65438). 17%=8500 yuan.
The above is only for general VAT taxpayers, and small-scale taxpayers cannot deduct the input tax, so it is not a question of 4% at the time of purchase and 17% at the time of tax payment:
Without obtaining a special VAT invoice, the general VAT taxpayer pays 4% tax when purchasing raw materials or as mentioned in the question, and pays 17% tax after assembling the equipment. The problem is that general VAT taxpayers must obtain special VAT invoices;
Small-scale taxpayers can't pay taxes according to 17% when they buy ordinary invoices.
Supplement: There are differences between ordinary taxpayers and small-scale taxpayers in cost accounting. The main differences are as follows:
For example, a general VAT taxpayer purchases 6,543,800 yuan of raw materials from a general VAT taxpayer and a small-scale taxpayer at the same time. Here, the purchase cost of raw materials is calculated separately, not to mention tax deduction.
When purchasing raw materials from general VAT taxpayers, because the other party can provide special VAT invoices, the amount of raw materials is 6,543,800 yuan+5,000 yuan (credited to? Raw materials? The amount of the account is:150000/(1+17%) =128205.13 yuan;
Similarly, the purchase of raw materials from small-scale taxpayers is 6.5438+0.5 million yuan. Because small-scale taxpayers can't provide 654.38+0.7% VAT invoices, they can only provide 6% VAT invoices issued by tax authorities, and only deduct 6% tax. Then, the price of raw materials of 6,543,800 yuan+0.5 million yuan remained unchanged. The amount recorded in the cost of raw materials is:150000/(1+6%) =141509.43 yuan. Obviously, raw materials with a total price of 1500 yuan are purchased from different taxpayers, and the cost of purchasing raw materials is 13304.3.
It can be clearly seen from the above that in the past, many general VAT taxpayers only considered the tax difference when doing business with small-scale taxpayers, thinking that it would be enough to give up the so-called 1 1% tax (in fact, this calculation is also wrong, so I won't give an example here), but some people don't know that they have suffered losses in the procurement cost of raw materials.
The common problem of tax deduction is large expenditure, with fixed assets above 2000 yuan and management expenses directly below 2000 yuan.
As long as it is a general taxpayer, it can be deducted after receiving the special VAT invoice.
Enter at the time of purchase:
Borrow: fixed assets (management expenses)
Taxes payable-VAT payable (input tax)
Loan: bank deposit (cash)
Taxable amount = output tax-input tax (tax that can be deducted)
Remarks: If the output tax is greater than the input tax, it will be taxed, otherwise it will be deducted next month.