Value-added tax is a turnover tax levied on the basis of the value-added generated by the circulation of goods including taxable services. From the tax principle, value-added tax is a turnover tax levied on the added value of many links such as commodity production, circulation and labor services or the added value of commodities. Extra-price tax is implemented, that is, it is borne by consumers, and tax is levied only if there is value added, and tax is not levied if there is no value added.
1. The formula for calculating taxable income is:
1 direct method
Taxable income = total income-non-taxable income-tax-free income-allowable deduction of project amount-allowable compensation for losses in previous years.
2. Indirect method
Taxable income = accounting profit+tax adjustment increase-tax adjustment decrease
Two. Type of tax basis:
1. Ad valorem tax
Ad valorem tax is based on the product of the natural quantity and the unit price of the tax object, and the tax collected in this way is called ad valorem tax. For example, China's product tax is based on product sales income, that is, the product of product sales quantity and unit sales price.
Step 2 measure by quantity
Specific tax is based on the natural physical quantity of taxable objects and calculated according to the measurement standards (quantity, weight, area, etc.). ) stipulated by the tax law. Taxes collected in this way are called specific taxes. For example, China's resource tax is based on the actual output of crude oil, and the measurement standard stipulated in the tax law is "ton"; For natural gas, the actual sales amount is the tax basis, and the measurement standard stipulated in the tax law is "thousand cubic meters".
Legal basis:
People's Republic of China (PRC) tax collection management law
Article 28 The tax authorities shall collect taxes in accordance with the provisions of laws and administrative regulations, and shall not levy, stop, overpay, underpay, pre-levy, postpone or apportion taxes in violation of the provisions of laws and administrative regulations. The taxable amount of agricultural tax shall be verified in accordance with the provisions of laws and administrative regulations.
Twenty-ninth in addition to the tax authorities, tax personnel and units and personnel entrusted by the tax authorities as stipulated by laws and administrative regulations, no unit or individual may carry out tax collection activities.
Article 30 A withholding agent shall perform the obligation of withholding and collecting taxes in accordance with the provisions of laws and administrative regulations. The tax authorities shall not require units and individuals that have no obligation to withhold or collect taxes according to laws and administrative regulations. When withholding agents perform their obligations according to law, taxpayers shall not refuse to withhold or collect taxes. If the taxpayer refuses, the withholding agent shall promptly report to the tax authorities for handling. The tax authorities shall, in accordance with the provisions, pay the withholding agents the handling fees for withholding and collecting and remitting.