Ministry of Finance? Notice of State Taxation Administration of The People's Republic of China on Incorporating Railway Transportation and Postal Services into the Pilot Project of Changing Business Tax to VAT (Caishui [20 13] 106): Implementation Measures for the Pilot Project of Changing Business Tax to VAT;
Article 12? VAT rate:
(1) Providing tangible movable property leasing services at the tax rate of 17%.
(2) Providing transportation services and postal services at the tax rate of 1 1%.
(3) Providing modern service industry services (except tangible movable property leasing services) at a tax rate of 6%.
(4) Taxable services stipulated by the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China, with a tax rate of zero.
Article 13 The collection rate of value-added tax is 3%.
There are funds for financing the lessee; Reduce capital occupation; Improve the liquidity of funds; Off-balance sheet financing; Avoid the risk of outdated equipment; The role of obtaining professional management services.
For the lessor, it can reduce the investment risk and expand the investment scale; Expand the role of product sales.
Extended data:
The main features of leasing include the following four aspects:
1. Lease generally adopts the lease method of equipment use right financing to achieve the main purpose of financing assets. For the lessor, it is a new means of financial investment, and for the lessee, it is a new way of equipment financing;
2. The use of leased equipment is limited to industry and commerce, public utilities and other undertakings, excluding personal consumption purposes;
3. Rent is the price of financing and has the nature of loan principal and interest;
4. During the lease period, the ownership of the equipment belongs to the lessor and the right to use it belongs to the lessee.
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