According to the "Implementation Rules of the Interim Regulations on Value-Added Tax", there are no regulations on the time for the transfer-out of state tax input tax, but it is required that "all inventories of enterprises that have no transfer value should be treated as input tax transfer-out."

Input tax refers to the amount of value-added tax paid or borne by taxpayers when purchasing goods, processing, repairing and repairing labor, services, intangible assets or real estate. Input tax = (purchased raw materials, fuel, power) × tax rate.

Input tax refers to the value-added tax paid on purchased goods or taxable services in the current period. When the enterprise calculates, the figure after deducting the input tax from the output tax is the value-added tax payable. Therefore, the amount of input tax is directly related to the amount of tax paid. Generally, the following formula is used to calculate the financial statements:

Input tax = (purchased raw materials, fuel, power) * tax rate

The input tax is the money that has been paid. Recorded as a debit when preparing accounting entries.

Deduction allowed

According to the provisions of the tax law, the amount of input tax allowed to be deducted from the output tax is limited to the VAT amount indicated on the following VAT deduction certificate and as per the regulations The input tax amount calculated according to the deduction rate:

1. When a taxpayer purchases goods or taxable services, he or she obtains the VAT amount stated on the special VAT invoice from the seller.

2. For the price paid by taxpayers to agricultural producers or small-scale taxpayers for purchasing tax-free agricultural products, 10% of the price stated on the purchase voucher approved by the tax authority will be deducted from the input tax. .

3. For tax-free grain purchased from Chinese grain purchase and sales enterprises, 10% of the input tax can be deducted based on the amount of the ordinary invoice obtained.

4. The freight paid by taxpayers for outsourcing goods and selling goods (excluding loading and unloading fees, insurance premiums and other miscellaneous fees) shall be calculated based on the freight and fund amounts listed in the freight settlement document (ordinary invoice). % to deduct input tax.

5. When general taxpayers of production enterprises purchase tax-free waste materials sold by waste material recycling business units, the amount stated on the ordinary invoice issued by the waste material recycling business unit and supervised by the tax authority can be used. 10% is calculated as input tax deduction.

6. When an enterprise purchases special equipment and general equipment for the VAT anti-counterfeiting tax control system, the tax amount indicated on the special invoice obtained from the purchase can be deducted from the VAT output tax.