Who can give an example about value-added tax?

Basic example

In April, Company A paid RMB 1, for the product A and RMB 1,7 for the input VAT, and obtained a special VAT invoice. Sales of product A including tax is 23,4 yuan.

input tax = 1,7 yuan

output tax = 23,4/(1+17%) × 17% = 3,4 yuan

tax payable = 3,4-1,7 = 1,7 yuan

Value-added tax is based on the value-added amount of goods (including taxable services) generated during circulation. From the taxation principle, value-added tax is a kind of turnover tax levied on the added value of many links in commodity production, circulation and labor service or the added value of commodities. Extra-price tax is implemented, that is, it is borne by consumers, and tax is levied only if there is value added, and tax is not levied if there is no value added.

value-added tax is a tax levied on the value-added realized by units and individuals who sell goods or provide processing, repair and replacement services and import goods. Value-added tax has become one of the most important taxes in China, accounting for more than 6% of all taxes in China, and it is the largest tax.

the state taxation bureau is responsible for the collection of value-added tax. 75% of the tax revenue comes from the central government and 25% from local governments. The value-added tax in the import link is collected by the customs, and the tax revenue is all the central fiscal revenue.

Extended information

Tax rate

Since July 1, 217, the VAT rate structure has been degenerated and the 13% VAT rate has been cancelled. At present, the tax rates applicable to ordinary taxpayers are: 13%, 9%, 6%, % and so on.

13% is applicable? Tax rate: selling goods or providing processing, repair and replacement services and importing goods. Provide tangible movable property rental services.

9% tax rate applies: providing transportation services.

agricultural products (including grain), tap water, heating, liquefied petroleum gas, natural gas, edible vegetable oil, air conditioning, hot water, gas, coal products for residents, edible salt, agricultural machinery, feed, pesticides, agricultural films, chemical fertilizers, biogas, dimethyl ether, books, newspapers, magazines, audio-visual products and electronic publications. The tax rate of 6%

is applicable to provide modern service industry services (except tangible movable property leasing services). % tax rate

is applicable to export goods and other special businesses. On April 19th, 217, the executive meeting of the State Council decided to reduce the value-added tax rate from the fourth grade to the third grade of 17%, 11% and 6%, and cancel the tax rate of 13%. The first step will be to simplify and merge the VAT rate of China's largest tax.

collection rate

small-scale taxpayers apply the collection rate, which is 3%.

Baidu Encyclopedia-VAT