Second, calculate the current tax payable? Taxable amount in this period = domestic goods output tax in this period-(input tax in this period-tax exemption in this period cannot be reduced)-tax exemption at the end of the previous period? If the tax payable is positive, that is, there is no refundable amount (because there is no tax allowance left), VAT should still be paid; If the tax payable is negative, that is, there is no tax deduction at the end of the period, you are eligible to apply for tax refund, but how much you can refund depends on calculation and comparison.
Third, calculate the amount of tax exemption and tax refund? Tax rebate amount = FOB export goods × foreign exchange rate × tax rebate rate of export goods-tax rebate amount? Tax relief = price of duty-free purchased raw materials × tax refund rate of export goods.
Duty-free procurement of raw materials includes duty-free procurement of raw materials from China and duty-free imported materials for feed processing. Among them, the formula for the taxable value of the ingredients of duty-free imported materials for feed processing is? Taxable value = CIF+actual tariff and consumption tax for imported materials and parts for duty-free processing. ?
4. Determine the tax refund and allowance? If the tax deductible at the end of the period is less than or equal to the tax deductible at the end of the period, the tax deductible at the end of the period = tax deductible at the end of the period-tax deductible at the end of the period; ? If the tax amount not deducted at the end of the period is ≥ the tax exemption amount, the tax refund amount in the current period = the tax exemption amount, and the tax exemption amount in the current period = 0.
Extended data
Chinese government network March 28th news 20 188 People's Republic of China (PRC) Li Keqiang, Premier of the State Council of the People's Republic of China hosted a the State Council executive meeting on March 28th to determine measures to deepen the reform of value-added tax and further reduce the tax burden of market players. Decided to set up a national financing guarantee fund to promote the alleviation of financing problems such as small and micro enterprises and "agriculture, rural areas and farmers"; Listen to the report on the progress of institutional reform in the State Council to ensure that institutional setup and functional adjustment are in place on time; The Working Rules of the State Council (Revised Draft) was discussed and adopted.
The meeting pointed out that in the past five years, the cumulative tax reduction has been 2 1 trillion yuan through the implementation of the reform of the camp. According to the deployment of the CPC Central Committee and the State Council, in order to further improve the tax system, support the development of the real economy such as manufacturing and small and micro enterprises, and continuously reduce the burden on market players, the meeting decided that from May 18 to May 1:
1. Reduce the VAT rate of manufacturing industry from 17% to 16%, and reduce the VAT rate of transportation, building construction, basic telecommunications services and agricultural products from 1 1% to 10%. It is estimated that the annual tax reduction will be 240 billion yuan.
2. Unify the standard of small-scale VAT taxpayers. The annual sales standard of small-scale taxpayers in industrial enterprises and commercial enterprises will be raised from 500,000 yuan and 800,000 yuan to 5 million yuan, allowing enterprises registered as general taxpayers to register as small-scale taxpayers within a certain period of time, so that more enterprises can enjoy lower tax rate concessions.
3. Enterprises and power grid enterprises that meet the requirements of advanced manufacturing industries such as equipment manufacturing and modern service industries such as R&D will be returned at one time.
Phoenix. Com- the State Council has reduced the manufacturing value-added tax rate from 17% to 16% since May.
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