2. Tax-included sales revenue = sales * (1+ 17%) = sales+sales * 17% = sales+output tax (or input tax).
3. Output tax (or input tax) = sales revenue including tax/(1+17%) *17% = sales *17%.
Direct calculation method:
Direct calculation method refers to directly calculating the value-added amount of regretted goods or services, and then multiplying it by the prescribed tax rate to calculate the value-added tax payable. The calculation formula is: VAT payable = value-added amount × tax rate.
In the direct calculation method, it is divided into "addition" and "subtraction"
(1) Addition refers to adding the amounts of various elements that constitute the value-added amount, such as salary, rent, interest, profit and other value-added items, calculating the value-added amount, and then multiplying it by the value-added tax rate to calculate the value-added tax payable. Formula: VAT payable = (salary+interest+rent+profit+other value-added items) × tax rate.
② subtraction, also known as value deduction. It refers to deducting the amount of non-VAT items from the total sales, such as the amount of deducted items such as purchased raw materials, fuel and power, calculating the value-added amount, and then multiplying it by the VAT rate to calculate the payable VAT amount. Formula: VAT payable = (sales-no value-added item amount) × tax rate.
Indirect calculation method:
Indirect calculation method, also known as tax deduction method. It refers to multiplying the total sales value by the value-added tax rate to obtain the overall tax amount of the product, and then deducting the tax amount paid by the purchased non-value-added items, and taking this tax amount difference as the payable value-added tax amount. The calculation formula is: payable value-added tax = sales amount × tax rate-paid tax amount for non-value-added items.