The tax point of VAT invoices is determined according to different VAT rates, which include 17%, 11%, 6%, 3%, 0%, etc. Taxpayers who concurrently operate items with different tax rates are required to account for the sales of items with different tax rates separately; if they fail to account for them separately, the higher tax rate shall be applied. For example, the VAT rate for a general taxpayer may be 17% or 13%, while the VAT rate for a small taxpayer is usually 3%. The tax point is calculated by multiplying the tax-free value of the goods or services sold by the appropriate tax rate. The application of these rates depends on the status of the taxpayer (e.g., general taxpayer or small taxpayer) and the nature of the goods or services sold.
Tax management of invoices:
1. Types of invoices: According to different transaction contents and industries, invoices are categorized into VAT special invoices, VAT general invoices, electronic invoices, etc.
2. Requirements for invoicing: When enterprises or individual businessmen sell commodities or provide services, they are required to issue invoices in accordance with the regulations and ensure the authenticity of the invoiced information;
< p>3, invoice audit: the tax authorities will supervise and audit the invoicing behavior of enterprises to prevent tax evasion, tax fraud and other illegal acts;4, invoice reimbursement: the invoice is an important voucher for reimbursement of expenses by enterprises or individuals, and it is necessary to ensure that invoices are legal and valid;
5, invoice nullification: if invoices are filled out incorrectly or can not be used for other reasons, the invoices shall be nullified in accordance with the stipulated procedures;
5, invoices should be nullified according to the stipulated procedures Void processing;
6, invoice storage: invoices as an important financial documents, should be properly stored for future inspection or audit use.
In summary, the tax point of the invoice is determined according to different VAT rates, and taxpayers need to account for the sales of items with different tax rates, and the higher tax rate should be applied when they fail to account for them separately. The tax point is calculated by multiplying the non-taxable value of the goods or services sold by the corresponding tax rate, which is applied depending on the identity of the taxpayer and the nature of the goods or services sold.
Legal basis:
Measures for the Implementation of the Pilot Measures for the Conversion of Business Tax to Value-added Tax
Article 15
Value-added tax rate:
(1) When a taxpayer engages in a taxable act, except as provided in Items (2), (3), and (4) of this Article, the tax rate shall be 6%.
(ii) The tax rate shall be 11 percent for the provision of transportation, postal, basic telecommunications, construction and real estate leasing services, the sale of real estate, and the transfer of land use rights.
(iii) Provision of tangible movable property leasing services, the tax rate is 17%.
(iv) Cross-border taxable acts incurred by domestic units and individuals, the tax rate is zero. The specific scope is separately stipulated by the Ministry of Finance and the State Administration of Taxation.