Legal analysis: the VAT rate for equipment leasing is 16 percent, 10 percent, 6 percent and 0 percent respectively, and equipment leasing is a tangible movable property leasing service. According to the Circular of the Ministry of Finance and the State Administration of Taxation on the Adjustment of the Value-added Tax Rate (Cai Shui 201832), from May 1, 2018, the value-added tax rate will be adjusted to 16 percent, 10 percent, 6 percent and 0 percent, respectively.The tax rate for the sale of goods and services is 16 percent.The provision of tangible movable property leasing services with a 16 percent tax rate. Taxpayers are subject to a 6 percent tax rate on taxable acts. However, the following types of taxable acts are excluded: provision of transportation, postal services, basic telecommunication, construction, real estate leasing services, sale of real estate, and transfer of land use rights with a tax rate of 10 percent. The tax rate for cross-border taxable acts of domestic units and individuals is zero, and the VAT rate for small-scale enterprises is 3 percent.
Legal basis: Article 205 of the Criminal Law of the People's Republic of China, the crime of falsely issuing VAT invoices, invoices used for fraudulently obtaining export tax refunds and tax credits; the crime of falsely issuing invoices falsely issuing VAT invoices, or other invoices falsely issuing invoices used for fraudulently obtaining export tax refunds and tax credits. shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and a fine of not less than 20,000 yuan and not more than 200,000 yuan; where the amount of tax falsely invoiced is larger or there are other serious circumstances, shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and a fine of not less than 50,000 yuan but not more than 500,000 yuan; where the amount of tax falsely invoiced is huge or there are other particularly serious circumstances, shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan a fine of not more than 50,000 yuan or confiscation of property.
If a unit commits the crimes stipulated in this article, the unit shall be sentenced to a fine, and the directly responsible person in charge and other directly responsible persons shall be sentenced to fixed-term imprisonment of not more than three years or detention; if the amount of falsely invoiced tax is larger or if there are other serious circumstances, the unit shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years; if the amount of falsely invoiced tax is huge or if there are other particularly serious circumstances, the unit shall be sentenced to fixed-term imprisonment of not less than ten years but not more than life imprisonment. life imprisonment. False VAT invoices or other invoices used to fraudulently obtain export tax refunds and tax credits are defined as one of the behaviors of false invoicing for others, false invoicing for oneself, letting others falsely invoicing for oneself, or introducing others to falsely invoicing.