Equipment rental is subject to value-added tax (VAT) in accordance with the "tangible movable property leasing service".
I. Scope of VAT:
Business tax to VAT mainly involves the scope of the transportation industry and part of the modern service industry;
1, the transportation industry, including: land transportation, water transportation, air transportation, pipeline transportation;
2, the modern service industry, including: research and development and technical services, information technology services, cultural and creative services, Logistics support services, tangible and movable property leasing services, forensic consulting services.
2. Applicable tax rates:
The tax rate of 17% applies to the sale of goods or the provision of processing, repair and assembly services as well as the import of goods and the provision of tangible movable property leasing services. Small-scale taxpayers are subject to 3% VAT rate
Third, tax calculation:
The formula is: taxable amount = current output tax - current input tax
Output tax = sales×tax rate
Sales=taxable sales ÷ (1+tax rate)
Output tax: the amount of output tax: the amount of VAT calculated on the basis of the sales of the taxpayers' provision of taxable services and the VAT rate. VAT rate to calculate the amount of VAT.
Input tax: the amount of VAT paid or borne by a taxpayer on the purchase of goods or the acceptance of processing, repairing, repairing and disposing of labor services and taxable services.
Extended information:
General taxpayers
Calculating formula is: taxable amount = current output tax - current input tax
Output tax = sales × tax rate
Sales = tax-inclusive sales ÷ (1 + tax rate)?
Output tax: is the amount of VAT calculated on the basis of sales and VAT rate for taxable services provided by a taxpayer.
Input tax: the amount of VAT paid or borne by a taxpayer on the purchase of goods or the acceptance of processing, repairing, repairing and fitting services and taxable services.
Basic Example
Company A purchased Product A in April and paid RMB 10,000 for the goods and RMB 1,700 for input VAT, and obtained a special VAT invoice. The tax-inclusive sales of Product A are 23,400 yuan.
Input tax = 1700 yuan
Output tax = 23400/(1+17%) × 17% = 3400 yuan
Tax payable = 3400-1700 = 1700
Small taxpayers
Tax payable = sales × levy rate
Sales = sales inclusive of tax ÷ (1 +) levy rate)
Baidu Encyclopedia-Value-added tax