The value-added tax rate has been reduced from 17% to 16% since May 1, 218.
Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Adjusting the VAT Rate (Caishui [218] No.32):
In order to improve the VAT system, the relevant policies for adjusting the VAT rate are hereby notified as follows:
1. Taxpayers have VAT taxable sales or imported goods, and the original tax rates are 17% and 11%, and the tax rates are adjusted to 16% and 1% respectively.
2. If the original deduction rate of 11% was applied to taxpayers purchasing agricultural products, the deduction rate will be adjusted to 1%.
3. Taxpayers who purchase agricultural products for the production, sale or entrusted processing of goods with a tax rate of 16% shall calculate the input tax at a deduction rate of 12%.
iv. for the export goods originally subject to the tax rate of 17% and the export tax rebate rate of 17%, the export tax rebate rate will be adjusted to 16%. For export goods and cross-border taxable acts that were originally subject to the 11% tax rate and the export tax rebate rate was 11%, the export tax rebate rate was adjusted to 1%.
5. If the cross-border taxable acts mentioned in Article 4 are exported by foreign trade enterprises before July 31, 218, and the value-added tax has been levied at the pre-adjustment tax rate at the time of purchase, the export tax rebate rate before adjustment shall be implemented; If VAT has been levied at the adjusted tax rate at the time of purchase, the adjusted export tax rebate rate shall be implemented. The export tax rebate rate before adjustment shall be implemented for the cross-border taxable acts mentioned in Article 4 of the goods and sales mentioned in Article 4 exported by the production enterprise before July 31, 218.
the execution time of adjusting the tax refund rate of export goods and the time of exporting goods shall be based on the export date indicated in the customs declaration form of export goods, and the execution time of adjusting the tax refund rate of cross-border taxable behavior and the time of selling cross-border taxable behavior shall be based on the date of issuing export invoices.
VI. This notice shall be implemented as of May 1, 218. If the relevant provisions are inconsistent with the VAT rate, deduction rate and export tax rebate rate stipulated in this notice, this notice shall prevail. How to calculate the tax rate from 17 to 16
The algorithm has not changed, and the tax amount is still excluding tax price × tax rate, but now the tax rate is 16%.
I hope to help you reduce the tax rate from 17% to 16%.
The tax rate changes, and the algorithm remains unchanged. Total tax included = price excluding tax ×(1+16%), and the deductible tax point has also dropped to 16%
I hope I can help you. The export amount is ￥ 7,29.22. The tax rate is 17%, and the tax refund rate is 16%. How to make entries
If you are a production enterprise, the tax refund is calculated by the tax exemption method. With the information you gave, the tax refund cannot be calculated. Also know the tax allowance, etc.
the entry is made as follows: debit: other receivables-export tax rebate
loan: tax payable-value-added tax payable (export tax rebate)
upon receipt of the tax rebate: bank deposit
loan: other receivables-export tax rebate. Is the VAT rate 17% or 16%?
From May 1, 218. The tax law will naturally change. If there is an exam, the test questions will indicate the time, and according to the time, the direction of doing the questions will be determined.
how to change the contract amount when the tax rate is changed from 17% to 16%?
The original total price was the selling price /1.17
Now the total price is the selling price /1.16 tax rate (17% changed to 13%, how to change the unit price? )
the unit price including tax is 1, which is converted into the tax-free price of 1/1.17=854.7
The tax rate is 13%, so the new tax-included price is 854.7*(1+13%)=965.8
No matter how the tax rate changes, as long as the tax-free price is fixed. Will invoices with 11% tax rate and 17% tax rate make up the difference
Who will make up the difference?
both tax rates are those of ordinary taxpayers.
I issue 11% VAT invoice myself and get 17% input ticket, which will be deducted according to 17%.
if you issue a 17% VAT invoice yourself and get an 11% input ticket, you can only deduct 11%. The problem of 3% and 17% tax rate
There is no good way in this situation, so we can only pay more value-added, but we can set a higher selling price and let the other party pay the extra tax. The tax rate is reduced from 17 to 16%. How much should I pay in this period?
according to the design principle of value-added tax, value-added tax is to tax the value-added part, and you are quite right. But there is another point, that is, value-added tax is an extra-price tax, that is, value-added tax is not included in the price; Value-added tax is extra collected by producers and operators from buyers, and the tax paid to the previous link at the time of purchase is deducted, and the difference is paid to the state. Moreover, the value-added tax is borne by the final consumer.
For example, if you buy goods with a unit price of 1 yuan (the value-added tax is calculated if the unit price or the amount including tax is not added), you need to pay 17% of 17 yuan's value-added tax in addition to 1 yuan's payment, with a total payment of 117 yuan, of which 17 yuan is the national value-added tax. If you sell according to 12 yuan, you will have to charge 12×17%=2.4 yuan of value-added tax in addition to the payment from 12 yuan, and the buyer will have to pay 14.4 yuan. You earned the price difference of 12-1=2 yuan, and paid the value-added tax to the country of 2.4-17=3.4 yuan's value-added tax.
if the value-added tax rate is changed from 17% to 16%, you pay for the goods when you purchase 1 yuan, and the value-added tax is 1×16%=16 yuan, and the total expenditure is 116 yuan, of which 16 yuan is the national value-added tax. If you sell according to 12 yuan, you will have to charge 12×16%=19.2 yuan of value-added tax in addition to the payment from 12 yuan, and the buyer will have to pay 139.2 yuan. You earned the price difference of 12-1=2 yuan, and paid the value-added tax to the country 19.2-16=3.2 yuan's value-added tax.
according to the above comparison, the final buyer paid 14.4-139.2=1.2 yuan less, with a decrease of 1.2÷139.2≈.85%, but you still earned 2 yuan.