The building construction contract includes equipment procurement, which does not belong to the project of clearing work or A-supplied materials, and can only take the general tax method, and issue VAT invoices with a tax rate of 11%.
VAT invoices are designed and printed by the State Administration of Taxation and are limited to be purchased by general VAT payers, which are important accounting certificates reflecting the economic activities of taxpayers as well as legal certificates of tax obligations of the seller and input tax amount of the purchaser; and they are the important and decisive legal invoices in the calculation and management of VAT.
The implementation of special VAT invoice is a key step in the reform of VAT, which is different from ordinary invoice, not only has the role of commercial voucher, but also has the role of tax deduction because of the implementation of tax deduction with the invoice, and the purchaser has to pay VAT to the seller. It has the role of tax payment certificate. More importantly, VAT invoices link the links between the initial production of a product and its final consumption, keeping the tax burden intact and reflecting the role of VAT.