Value-added tax is a turnover tax based on the value-added amount of goods (including taxable services) generated in the process of circulation. From the taxation principle, value-added tax is a kind of turnover tax levied on the added value of many links in commodity production, circulation and labor service 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.
value-added tax is a tax levied on the value-added realized by units and individuals who sell goods or provide processing, repair and replacement services and import goods. Value-added tax has become one of the most important taxes in China, accounting for more than 6% of all taxes in China, and it is the largest tax. Value-added tax is collected by the State Taxation Bureau, and 5% of the tax revenue is from the central government and 5% from local governments. The value-added tax in the import link is collected by the customs, and the tax revenue is all the central fiscal revenue.
in practice, it is difficult to accurately calculate the added value or added value of commodities in the process of production and circulation. Therefore, China also adopts the method of tax deduction, which is widely used in the world. That is, according to the sales of goods or services, the sales tax is calculated at the prescribed tax rate, and then the value-added tax paid when obtaining the goods or services, that is, the input tax, is deducted, and the difference is the tax payable for the value-added part. This calculation method embodies the principle of taxation according to value-added factors.
the collection of value-added tax usually includes all links in the process of production, circulation or consumption. It is a neutral tax based on the value-added amount or price difference. Theoretically, it includes all agricultural industries (planting, forestry and animal husbandry), mining, manufacturing, construction, transportation and commercial services, etc., or all links of raw material procurement, manufacturing, wholesale, retail and consumption. A sales tax, belonging to regressive tax, is an indirect tax based on the appreciation of goods or services.
article 22 of the law of the people's Republic of China on the administration of tax collection, special invoices for value-added tax shall be printed by enterprises designated by the competent tax authorities of the State Council; Other invoices shall be printed by enterprises designated by the State Taxation Bureau and the Local Taxation Bureau of provinces, autonomous regions and municipalities directly under the Central Government in accordance with the provisions of the competent tax authorities of the State Council. No invoice shall be printed without the designation of the tax authorities specified in the preceding paragraph.