Question 2: What does it mean to change business tax to value-added tax? In short, thank you. The original taxable services subject to business tax will be changed to VAT, and the input tax deduction model will be implemented in Shanghai transportation industry and some modern service industries.
Question 3: What do you mean by changing business tax to value-added tax? Simply put. Is there an easy way to understand? Changing business tax to value-added tax means that taxable items of business tax are changed to value-added tax, and local tax collection is changed to IRS. At present, there are transport chickens and modern service industries in the pilot projects. The income obtained can be deducted.
Question 4: What does it mean to change business tax to VAT?
(1) The current value-added tax is a tax levied on units and individuals that sell goods, provide processing, repair and replacement services, import goods and provide some modern service industries in China based on their value-added amount.
(2) Business tax is a tax levied on the operating income of units and individuals that provide taxable services, transfer intangible assets and sell real estate in China.
(3) Value-added tax and business tax are two different taxes, and they are different in the object of collection, scope of collection, tax basis, tax items, tax rates and methods of collection and management.
(4) VAT and business tax are two independent taxes that cannot be crossed, that is, business tax is not paid when VAT is paid, and business tax is not paid when it is paid.
1. The scope of collection is different: sales of real estate, provision of labor services (excluding processing, repair and replacement) and transfer of intangible assets are subject to business tax. Sales of movable property, provision of processing, repair and replacement services, and some modern service industries pay VAT.
2. The tax basis is different: VAT is an out-of-price tax and business tax is an in-price tax. Therefore, when calculating the value-added tax, the tax-included income should be converted into tax-free income first, that is, the income for calculating the value-added tax should be tax-free income. Business tax is directly multiplied by income tax rate.
(V) 2065438+In June 2006, Premier the State Council held a forum. As the highlight of deepening the reform of fiscal and taxation system, the decision to change business tax to value-added tax has achieved positive results in the previous pilot, which should be fully promoted in 20 16 to further greatly reduce the corporate tax burden; After the full implementation of the reform of the camp, it is necessary to reasonably and appropriately adjust the proportion of value-added tax sharing and guide all localities to develop advantageous industries according to local conditions; On 20 16, the full implementation of the camp reform and the increase of input tax deduction for some tax items will bring about large-scale tax reduction.
Question 5: After the banking reform, can banks issue invoices? It is the reform of the camp, and banks cannot issue invoices.
Question 6: Can wages be deducted from artificial wages instead of from commodities or financial products? Only income tax can be offset.
Question 7: What is the change from business tax to value-added tax?
Question 8: What does it mean to change the second-hand housing business tax to VAT? The Detailed Rules for Comprehensively Promoting the Change of Business Tax to Value-added Tax on Second-hand Houses promulgated by the Ministry of Finance and the State Taxation Administration of The People's Republic of China on the 24th show that if an individual purchases a house for less than two years, the value-added tax will be paid in full at the rate of 5%; Individuals who purchase ordinary houses for more than 2 years (including 2 years) for external sales are exempt from value-added tax.
Previously, the market was worried that after the reform of the camp, the personal transfer of housing from paying business tax to paying value-added tax would increase the tax burden. Analysts pointed out that for non-first-tier cities, if individuals buy houses for less than two years, the actual business tax policy is not much different from the previous one. Houses that have been held for more than 2 years are exempt from trading. This policy has the same characteristics as the previous business tax policy, and there is not much change in the tax effect.
Tax rate/second-hand housing levy rate 5%
With the approval of the State Council, starting from May, 20 16, a nationwide pilot project of changing business tax into value-added tax (hereinafter referred to as "VAT reform") will be carried out, and all business tax taxpayers in construction, real estate, finance and life service industries will be included in the pilot scope, and value-added tax will be paid instead of business tax. In principle, the original preferential business tax policy will be continued for the newly added pilot industries, and transitional measures will be taken for specific industries to ensure that the tax burden of all industries will only be reduced rather than increased.
Subsequently, the Ministry of Finance announced the VAT rates of the four major industries, and the tax rates of the construction industry and the real estate industry were 1 1%. The expansion that began on May 1 is different from the past, and will involve the collection and management of value-added tax paid by natural persons for the first time, mainly personal second-hand housing transactions.
The details show that individuals who purchase houses for less than 2 years for external sales will be paid VAT in full at the tax rate of 5%, while individuals who purchase houses for more than 2 years (including 2 years) for external sales will be exempted from VAT. The above policies are applicable to areas outside Beijing, Shanghai, Guangzhou and Shenzhen.
Accounting/camp reform has not changed much.
The business tax rate is 5%, and the value-added tax rate is also 5%. It seems that the ratio is the same, but the business tax is an in-price tax and the value-added tax is an out-of-price tax. At present, the translation of this policy will not bring about an increase in tax burden.
According to the value-added tax algorithm, it is necessary to calculate the sales amount first. For example, Ms. Wang has a 2 million house (including tax, purchased less than 2 years), and the final value-added tax payable is (200 ÷ 1.05) × 0.05 = 95200. Under the current business tax, the total price is levied at the tax rate of 5%. According to the current policy, the taxable amount of business tax is 200× 0.05 = 65,438+10,000 yuan.
Value-added tax is judged according to the difference between buying and selling. During this period, the greater the appreciation of the house, the more value-added tax will be paid. This means that it is uncertain whether the value-added tax will be higher than the business tax, which depends on the final transaction price. For some older houses, even more depends on the previous price increase, and the short-term impact is relatively small at present.
Impact/Long-term positive destocking
Li Jianjun, deputy dean of the School of Finance and Taxation of Southwestern University of Finance and Economics, said that Premier the State Council emphasized that the tax burden of all industries should be reduced rather than increased, and the the State Council executive meeting pointed out that the original preferential policies would continue and there were other transitional policies. If the value-added tax is calculated at the tax rate of 5%, it is equivalent to the tax burden under the business tax condition, and the tax burden of buyers and sellers of individual second-hand houses will not increase. The change of personal second-hand housing transactions to value-added tax and the application of 5% levy rate is also to reform the practice of smooth transition and not increasing the burden on taxpayers. The policy depth reduces the actual tax burden of enterprises, which is also beneficial to the people in the long run.
According to industry insiders, the reform of the camp reform is conducive to real estate transactions, and the reform of second-hand housing will allow the rapid circulation of second-hand housing, thus releasing the inventory of new houses.
According to the reporter's understanding, documents have been issued within the tax system. After the reform of the camp, the value-added tax on personal second-hand housing transactions is still temporarily collected by the local tax department. Because other taxes in second-hand housing transactions, such as individual tax and deed tax, are the responsibility of the local tax department, in order to unify and facilitate management, they will still be collected by the local tax department after the reform of the camp.
Question 9: Which items are exempt from VAT after the business tax is changed to VAT? I recommend you to read the document Caishui [2016] No.36, which contains
First, the following items are exempt from value-added tax
(1) Care and education services provided by nurseries and kindergartens.
Nurseries and kindergartens refer to institutions that have been established with the approval of the education departments at or above the county level and have obtained the license to run parks to implement preschool education for 0-6 years old, including public and private nurseries, kindergartens, preschool classes, nurseries and kindergartens.
The income of public nurseries and kindergartens exempted from value-added tax refers to the education fees and childcare fees charged within the charging standards approved by the provincial finance department and the competent price department.
The income of private nurseries and kindergartens exempted from value-added tax refers to the education fees and childcare fees charged within the scope of the charging standards filed and publicized by the relevant local departments.
Fees that exceed the prescribed fee standards, additional fees charged on the grounds of starting experimental classes, characteristic classes and interest classes, and income beyond the prescribed scope, such as sponsorship fees and teaching fees linked to children's admission to the park, do not belong to income exempted from VAT.
(2) Pension services provided by pension institutions.
Old-age care institutions refer to all kinds of old-age care institutions that are established and registered according to law in accordance with the Measures of the Ministry of Civil Affairs on Licensing the Establishment of Old-age Care Institutions (Decree No.48 of the Ministry of Civil Affairs) and provide centralized life care services for the elderly; Old-age care service refers to the life care, rehabilitation care, spiritual comfort, cultural entertainment and other services provided by the above-mentioned old-age care institutions for the elderly according to the provisions of the Administrative Measures for Old-age Care Institutions of the Ministry of Civil Affairs (Decree No.49 of the Ministry of Civil Affairs).
(3) Childcare services provided by welfare institutions for the disabled.
(4) Marriage introduction service.
(5) Funeral services.
Funeral services refer to the charging standards approved by local price departments in conjunction with relevant departments, or services such as body pick-up (including corpse disinfection), body plastic surgery, body preservation, storage (including refrigeration), cremation, ashes storage, condolence facilities and equipment rental, grave rental and management.
(6) Services provided by the disabled themselves for the society.
(7) Medical services provided by medical institutions.
Medical institutions refer to institutions that have obtained the Practice License of Medical Institutions after registration according to the Regulations on the Administration of Medical Institutions of the State Council (OrderNo. 149 of the State Council) and the Detailed Rules for the Implementation of the Regulations on the Administration of Medical Institutions of the Ministry of Health (Order No.35 of the Ministry of Health), as well as various medical institutions at all levels in the military and armed police forces. Specifically, it includes: various hospitals at all levels, outpatient departments (institutes), community health service centers (stations), emergency centers (stations), urban and rural health centers, sanatoriums (institutes), clinical inspection centers, health and epidemic prevention stations (centers for disease control) organized by relevant departments at all levels, various professional disease prevention stations (institutes), and maternal and child health care organized at all levels.
The term "medical service" as mentioned in this item refers to the medical service guidance price (including the * * * guidance price and the price determined by the supply and demand sides through consultation according to the regulations) formulated by the price department at or above the base (city) level of medical institutions in conjunction with the health department at the same level and other relevant departments, the services provided for medical patients and included in the national medical service price project specification, and the health and epidemic prevention and quarantine services provided by medical institutions to the society.
(eight) educational services provided by schools engaged in academic education.
1. Academic education refers to the form of education in which the educated enter schools or other educational institutions approved by relevant state departments through national education examinations or other admission methods stipulated by the state and obtain nationally recognized academic certificates. Specifically including:
(1) Primary education: ordinary primary schools and * * * schools.
(2) Junior secondary education: ordinary junior high schools, vocational junior high schools and adult junior high schools.
(3) Senior secondary education: ordinary high schools, adult high schools and secondary vocational schools (including ordinary secondary schools, adult secondary schools, vocational high schools and technical schools).
(4) Higher education: general undergraduate, adult undergraduate, online undergraduate, postgraduate (doctor, master), higher education self-study exam, higher education diploma exam.
2 schools engaged in academic education refer to:
(1) Ordinary schools.
(2) All kinds of schools approved by the people's government at or above the prefecture (city) level or the education administrative department at the same level and recognized by the state.
(3) Technical schools and senior technical schools approved by the administrative departments of human resources and social security at or above the provincial level.
(4) Technician College approved by the provincial people.
All the above schools include qualified private schools engaged in academic education, but excluding vocational training institutions and other countries ... >>
Question 10:2065 438+06 What is the significance of banking reform? What impact does financial reform have on banks?
First, the difficulties and impacts of the current banking industry in information technology system transformation, business and tax coordination, and process transformation brought about by the implementation of the reform of the camp.
1. In terms of information technology system transformation, the banking industry is indeed facing higher transformation costs than other industries, because the banking industry involves a wide range of system transformation. As long as the income-related systems include interest income, intermediary business income, inter-bank income, etc. , have to transform, the widespread adoption of bank information technology undoubtedly requires a lot of software and hardware investment, especially after the reform of the camp, there are still many functional applications that need to be further improved, and the software environment needs to be continuously upgraded.
2. Realize the coordinated connection between business and taxation: After the reform, banks must establish an effective connection between the VAT billing system and the existing business system, solve the software and hardware problems in the connection process, and also need to formulate the corresponding VAT billing process to standardize the business behavior of staff and prevent risks. At present, banks lack tax talents, and pay more attention to business and credit experts. In the future, full-time tax personnel will definitely be needed in the process of implementing the reform of the camp, and the pre-job training of personnel and the labor cost of new posts are also great expenses.
3. Process transformation: After the reform of the camp, the banking industry needs to transform from tax design and its collection and management to the technical system and business process of the bank. According to the requirement of 1 camp reform in May, the biggest challenge is that the detailed rules have not been issued, which leads to the contradiction between the uncertainty of policies and the irreversibility of reform costs. However, if we wait for the introduction of the policy, we may not be able to complete the implementation of the camp reform in time, which will have a great impact on our business and customers. Therefore, commercial banks can only rely on their own information and combine the basic principles of value-added tax to explore the way forward, but once the policy is introduced, it is likely to cause some costs to sink.
Two, after the reform of the camp, the tax burden and input deduction caused by the change of applicable tax rate.
1. Impact of the change of applicable tax rate on tax burden: At present, the business tax rate of financial and insurance industry is 5%, and its taxable turnover includes loan business income, price difference business income and intermediary business income. Among these three businesses, loan business income is the main content of bank business income, business tax is the price tax, and the full amount of business income from its financial business is the tax basis. The finance and taxation department is considering adopting 6% VAT rate for the financial and insurance industry. Because value-added tax is extra-tax, its tax basis must first be converted into income excluding tax. Therefore, although the interest rate has increased by 1%, the corresponding tax basis has also decreased.
2. Impact of input tax deduction on tax burden: After the reform of the camp, relevant input taxes can also be deducted, and the input taxes that banks can deduct mainly include the following aspects:
(1) Procurement of fixed assets such as electronic equipment, office equipment and counters it operates;
(2) Expenditure on hardware and software required by bank information technology system. Although the above deductible input tax exists, in actual business, more costs will not be deductible because the special payment book for value-added tax cannot be obtained. The deductible input tax is mainly reflected in the following aspects: (1) deposit interest paid to individuals; (2) Labor expenditure of bank employees.
Therefore, in daily business, the banking industry needs to strengthen accounting, reduce the tax cost of banks and increase the input tax, so as to strengthen the VAT deduction and reduce the tax burden.
Third, the impact on banking business and internal control management risks after the reform of the camp.
1, the impact of business reform on business
Because the reform of the camp may reduce the tax cost of some corporate loans, because the loan interest of these borrowers can be deducted from the bank's input tax, the income price tax is separated after the reform of the camp, which meets the needs of downstream entities to deduct the input tax and is conducive to improving the ability of the financial industry to serve the real economy. At the same time, downstream entities reduce operating costs by deducting input tax, which is conducive to the reverse improvement of bank credit environment and the steady growth of loan business.
2. The impact of camp reform on internal control management risks
There are also problems with invoicing individual customers. Under the business tax, banks do not provide invoices to customers, but after the reform of the camp, individual customers will ask banks to provide ordinary invoices for value-added tax. The demand for issuing these massive invoices has greatly increased the burden and workload of commercial banks. The challenge of external supervision is that, after the reform, banks are expected to face the risk assessment of value-added tax and cooperate with the value-added tax Commissioner in addition to the original risk management of large enterprises and monitoring of key tax sources. & gt