1. VAT has become one of the most important taxes in China. The income of value-added tax accounts for more than 60% of all taxes in China, making it the largest tax category. Value-added tax is levied by the State Taxation Bureau, and 50% of the tax revenue comes from the central government and 50% from local governments. The import value-added tax is collected by the customs, and all the taxes are the central fiscal revenue.

2. VAT collection usually includes all links in the process of production, circulation or consumption. It is a neutral tax based on value-added or price difference. Theoretically, it includes all agricultural industries (planting, forestry and animal husbandry), mining, manufacturing, construction, transportation and commercial services. Or all links of raw material procurement, manufacturing, wholesale, retail and consumption.

Extended data:

1. Productive value-added tax: Productive value-added tax means that only the part of production materials belonging to non-fixed assets can be deducted when collecting value-added tax, and the tax included in the value of fixed assets is not allowed to be deducted. The tax object of this kind of value-added tax is roughly equivalent to the gross national product, so it is called production value-added tax.

2. Income-based value-added tax: Income-based value-added tax means that when collecting value-added tax, only the tax included in the depreciated part of fixed assets is allowed to be deducted, and the undepreciated part is not included in the deduction. The tax object of this kind of value-added tax is roughly equivalent to national income, so it is called income-based value-added tax.

3. Consumption value-added tax: Consumption value-added tax means that all taxes included in the value of fixed assets are allowed to be deducted at one time when value-added tax is levied. In this way, as far as the whole society is concerned, the means of production are excluded from the scope of taxation. The tax object of this kind of value-added tax is only equivalent to the value of social consumption materials, so it is called consumption value-added tax. From June 5438+1 October1in 2009, China has implemented consumption-oriented value-added tax in various regions of the country.

References:

VAT-Baidu Encyclopedia