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When will the tax reduction and fee reduction be implemented?
1. From March 1 day, 2020 to February 3/year1day, small-scale taxpayers of value-added tax will be subject to taxable sales income at a rate of 3%, and VAT will be levied at a reduced rate of 1%; Prepaid value-added tax items with 3% withholding rate shall be applied, and prepaid value-added tax shall be reduced by 1% withholding rate. Among them, from March 1 day, 2020 to March 3 1 day, 202 1 year, for small-scale taxpayers of value-added tax in Hubei Province, the taxable sales income with a levy rate of 3% will be exempted from value-added tax; Prepayment of value-added tax with 3% withholding rate is applicable, and prepayment of value-added tax is suspended.

2. Taxpayers can enjoy preferential treatment when they fill in the declaration form according to the regulations when filing VAT tax returns.

It can be handled through the tax service office (place) and the electronic tax bureau. The specific location and website can be inquired from the "tax service" column of the website of the tax bureau of provinces (autonomous regions, municipalities directly under the central government and cities with separate plans).

Small-scale taxpayers should declare to enjoy the above preferential policies. Among them, the sales amount of VAT at the reduced rate of 1% should be filled in the corresponding column of "VAT and Additional Taxes Declaration Form (applicable to small-scale taxpayers)" and "VAT-free sales amount (3% levy rate)", and the corresponding VAT taxable amount should be calculated as 2% of the sales amount and filled in the "VAT and Additional Taxes Declaration Form (applicable to small-scale taxpayers)".

Sales = sales including tax /( 1+ 1%)

(1) Small-scale taxpayers can give up the tax reduction policy for their own reasons, issue a special VAT invoice with a 3% levy rate to the buyer, and calculate and pay the VAT according to the sales amount indicated on the invoice and the 3% levy rate.

(2) Small-scale taxpayers have a number of taxable behaviors applicable to the 3% levy rate, some of which have issued special invoices for value-added tax at the 3% levy rate, and it is necessary to calculate the value-added tax according to the sales amount indicated on the invoices and the 3% levy rate; Other parts that have not issued special invoices for 3% VAT can still enjoy the policy of paying VAT at a reduced rate of 1%.

(3) For taxable income that has issued special VAT invoices at the rate of 3%, if you want to enjoy the policy of paying VAT at the reduced rate of 1%, you need to void the special VAT invoices or issue special red-ink invoices as required.

Red-ink invoice issuing process: If a paper-based special VAT invoice is issued, the buyer or the seller will fill in and upload the Red-ink Special VAT Invoice Information Form in the VAT invoice management system according to different situations, and the seller will issue a red-ink special VAT invoice in the VAT invoice management system with negative output based on the information form automatically verified by the tax authorities. If an electronic special invoice for value-added tax is issued, other processes are basically the same as those of paper invoices, except that there is no need to recover the blue electronic special ticket that has been issued.