Meaning: currency or physical objects levied by the state at tax rates based on tax rates.
The implementation of special VAT invoices is a key step in the VAT reform. It is different from ordinary invoices. It not only has the function of commercial vouchers, but also requires tax deductions based on the invoices. Pay VAT to the seller.
It functions as a tax payment certificate. More importantly, special VAT invoices connect all links from the initial production to final consumption of a product, maintaining the integrity of the tax and reflecting the role of VAT.
Extended information:
Special value-added tax invoices are commercial documents. Since tax deduction is implemented on purchases based on invoices, the buyer must pay the value-added tax to the seller, so it is also The tax payment voucher serves as legal proof of the seller's tax liability and the purchaser's input tax.
The various links between a kind of goods from initial production to final consumption can be connected with special value-added tax invoices. According to the tax amount indicated on the special invoice, each link is taxed and tax is deducted at each link. , allowing taxes to be passed from the previous business link to the next business link, until the goods or services are supplied to the final consumer.
In this way, the sum of the tax payable stated on the special VAT invoices issued by each link is the overall tax burden for the goods or services. Therefore, it embodies the characteristics of universal VAT collection and fair tax burden.
When some legal entities or individuals are not qualified to issue invoices, they can go to the tax bureau to issue invoices. This is called tax issuance. (When issued by the competent tax authorities, on-site tax payment is required; if the invoice is invalid, the tax refund process is complicated and takes a long time. Therefore, entrepreneurs are advised to carefully check the invoicing information and the customer's invoicing needs.
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Baidu Encyclopedia--Special Value-Added Tax Invoice