After the consignor sells the goods, it shall confirm it as sales income according to the actual sales price, calculate the output tax of value-added tax, and issue a consignment list to the consignor; When the entrusting party receives the entrustment order, it shall confirm the income and calculate the VAT output tax.
If the entrusting party issues an invoice to the entrusting party and the entrusting party issues an invoice to the customer during the entrustment process, at this time, both the entrusting party and the entrusting party should conduct accounting treatment according to the normal purchase and sale, and calculate the VAT input and output to pay the VAT. If the client directly invoices the customer and then pays the handling fee to the trustee, the client pays the value-added tax and the trustee does not pay the value-added tax.
Extended data:
The collection of value-added tax usually includes all links in the production, circulation or consumption process. It is a neutral tax based on value-added or price difference. Theoretically, it includes various industrial fields such as agriculture (planting, forestry and animal husbandry), mining, manufacturing, construction, transportation and commercial services.
Or purchase, manufacture, wholesale, retail and consume according to raw materials. Sales tax belongs to regressive tax, which is an indirect tax based on the value-added of goods or services. It is called goods and services tax in Australia, Canada, New Zealand and Singapore, and consumption tax in Japan.
Value-added tax was invented by French economist Maurice Laurie in 1954, and 45% of the French government's income comes from value-added tax. The scope of taxation of value-added tax includes the sale (including import) of goods and the provision of processing, repair and replacement services.
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