Question 2: What does it mean to change business tax to value-added tax Simply put, thank you The original business tax taxable services to value-added tax, the implementation of inputs to offset the outputs of the taxation model, the transportation industry in Shanghai and part of the modern service industry to implement
Question 3: What does it mean to change business tax to value-added tax Simply put, easy to understand the method there is no way to do it? The way to understand a little easier there is no way to do it? Business tax to value-added tax, that is, the original taxable items levied business tax to value-added tax, the local tax levied by the State Administration of Taxation is responsible for the collection and management. At present, the pilot projects include transportation chicken and modern service industry. The first is to make sure that you have a good understanding of the situation, and that you have a good understanding of what is going on.
Question 4: What is the meaning of the camp to increase The camp to increase is the change of business tax to value-added tax.
(a) The current value-added tax (VAT) is a tax on the sale of goods, the provision of processing, repair and maintenance services, the importation of goods and the provision of some modern services within the territory of our country, units and individuals, on the basis of the value-added value of the tax levied on the basis of the calculation.
(2) Business tax is a tax on the business income of units and individuals who provide taxable services, transfer intangible assets and sell real estate in China.
(c) VAT and business tax are two different taxes, which are different in the object of collection, scope of taxation, basis of taxation, tax items, tax rate and the way of collection and management.
(d) VAT and business tax are two independent and non-cross-cutting taxes, i.e.: VAT is not paid when business tax is paid, and VAT is not paid when business tax is paid.
1, the scope of collection is different: where the sale of real estate, the provision of services (excluding processing, repair and mending), the transfer of intangible assets to pay business tax. Where the sale of movable property, the provision of processing, repair and mending services, part of the modern service industry services to pay value-added tax.
2, the tax basis is different: VAT is out-of-the-money tax, business tax is in-the-money tax. Therefore, when calculating VAT, the taxable income should be converted into non-taxable income, i.e. the income of VAT should be non-taxable income. The sales tax is directly multiplied by the tax rate.
(v) In January 2016, Premier *** hosted a symposium. Decided to camp to increase as a deepening of the fiscal system reform of the main event, the pre-pilot has achieved positive results, 2016 to be a full-scale push to further reduce the tax burden on enterprises to a greater extent; value-added tax sharing ratio in the full-scale push to increase the proportion of the camp to do a reasonable and appropriate adjustments to guide the development of advantageous industries around the country according to local conditions; the full-scale push to increase the camp and increase the input tax deduction for some tax items in 2016, which will bring about a large-scale tax cuts.
Question 5: After the change of the bank to levy, the bank can develop invoices? It is the change of the camp, the bank can not develop invoices.
Question 6: Can the labor wages be deducted? The wages belong to the subject of employee compensation payable, not goods or financial products, and can not be deducted from the value-added tax, but only with the income tax offset.
Issue 7: What is the camp to tax business tax to value-added tax
Issue 8: What is the meaning of the second-hand business tax to value-added tax Ministry of Finance, the State Administration of Taxation on the 24th of the comprehensive promotion of camp to increase the rules announced to the public show that the individual will be purchased less than 2 years of the external sales of housing, the full amount of 5% of the levy rate of value-added tax; the individual will be purchased for more than 2 years (including 2 years) of the ordinary housing for external sales, exempt from VAT.
For the previous market worried about the camp after the increase, the individual transfer of housing from the payment of business tax to the value-added tax will increase the tax burden, analysts pointed out that, from the details of the program, for non-tier 1 cities, individuals who purchase housing if less than 2 years for trading, the actual and previous business tax policy is not much difference. And hold time more than 2 years of housing for trading exemption. This type of policy and the past sales tax policy to maintain the same characteristics, and from the tax effect, there is not much change.
Tax rate / second-hand housing levy rate of 5%
Approved by the State Council, since May 1, 2016, the nationwide full-scale push to open the business tax to value-added tax (hereinafter referred to as the business tax to value-added tax) pilot, the construction industry, the real estate industry, the financial industry, the life service industry and other all business taxpayers, included in the scope of the pilot, from the payment of business tax to the payment of value-added tax. The original business tax preferential policies of the new pilot industry will be continued in principle, and transitional measures will be taken for specific industries to ensure that the tax burden of all industries will only be reduced but not increased.
Subsequently, the Ministry of Finance announced the VAT rate for the four major industries, the construction industry and the real estate industry tax rate of 11%. May 1, the beginning of the expansion of the scope is different from the past, will for the first time involve a natural person to pay the VAT levy, mainly individual second-hand housing transactions.
The details show that individuals buying less than 2 years of housing for external sales, according to the 5% levy rate to pay the full amount of VAT, individuals will buy more than 2 years (including 2 years) of housing for external sales, exempt from VAT. The above policy applies to areas other than Beijing, Shanghai, Guangzhou and Shenzhen.
Calculation / camping change little change
Business tax rate of 5%, VAT collection rate is also 5%, looks like this rate is the same, but business tax is in-price tax, VAT is out-of-the-price tax. At present, this policy of leveling does not bring about an increase in the tax burden.
According to the VAT algorithm, sales need to be calculated first. For example, Ms. Wang has a house with a selling price of 2 million yuan (including tax, purchased less than 2 years ago), and the final VAT payable is (200 ÷ 1.05) × 0.05 = 95,200 yuan. Under the current sales tax, the total price is taxed at a rate of 5%, and under the current policy, the sales tax payable is 200 ÷ 0.05 = 100,000 yuan.
The amount of VAT is judged on the difference between buying and selling, and the more the house increases in value during this period, the more VAT is paid. This means that it is not certain whether VAT will actually be higher than sales tax, depending on the final transaction price. For some of the older homes, it depends even more on how much the price has risen previously, and the short-term impact is relatively small at the moment.
Impact / long-term favorable to de-inventory
Li Jianjun, deputy dean of the School of Finance and Taxation, Southwestern University of Finance and Economics, said Premier of the State Council *** emphasized that the camping increase pilot to ensure that the tax burden of all industries is only reduced, the State Council executive meeting pointed out that the original preferential policies will be continued, and there are other transitional policies. Individual second-hand house trading if the 5% levy rate to calculate the value-added tax, and business tax conditions tax burden is comparable to the individual second-hand house buyers and sellers will not increase the tax burden. The change of VAT to 5% for individual second-hand house transactions is also an approach for a smooth transition of the reform without increasing the burden on taxpayers. The policy reduces the actual tax burden of enterprises from a deep level, and in the long run, it is also favorable to the people.
Insiders analyze, camping is conducive to real estate transactions, and the second-hand camping will enable the rapid circulation of second-hand houses, thus releasing the inventory of new houses.
According to the reporter's understanding, the tax system has issued internal documents, after the conversion, the individual second-hand housing transactions in this piece of value-added tax is still temporarily collected by the local tax department. Because of the second-hand housing transactions of other taxes, such as personal tax, deed tax, etc. are responsible for the local tax department, in order to unify and facilitate the management of considerations, after the change of the tax department, still by the local tax department to collect.
Question 9: What items are exempted from value-added tax after the change of business tax to value-added tax We recommend that you take a look at Cai Shui [2016] No. 36 This document Inside there
First, the following items are exempted from value-added tax
(a) nursery, kindergarten, childcare and education services.
Childcare centers and kindergartens refer to the institutions that implement pre-school education for 0-6 year olds, including public and private childcare centers, kindergartens, pre-schools, kindergarten classes, nursery schools and kindergartens, which have been approved and established by the education departments at or above the county level and have obtained the licenses to operate.
The VAT-exempt income of public childcare centers and kindergartens refers to the education and childcare fees collected within the fee rates approved by the provincial finance department and the price authority and reported to the provincial people ***.
The income of private nurseries and kindergartens exempted from value-added tax refers to the education and care fees collected within the scope of the fees and charges that have been reported to the local authorities for the record and publicized.
Fees exceeding the prescribed fees, fees charged for running experimental classes, special classes and interest classes, as well as sponsorship fees linked to the admission of young children to kindergartens, teaching support fees and other incomes exceeding the prescribed scope, are not exempted from value-added tax.
(ii) Nursing services provided by nursing institutions.
Nursing institutions refer to the various types of nursing institutions established and registered in accordance with the Ministry of Civil Affairs' Measures for the Establishment of Permits for Nursing Institutions (Decree No. 48 of the Ministry of Civil Affairs) to provide centralized residence and care services for the elderly; nursing services refer to the life care, rehabilitation care, spiritual comfort, and nursing service provided by the above nursing institutions for the elderly in accordance with the Ministry of Civil Affairs' Measures for the Administration of Nursing Institutions (Decree No. 49 of the Ministry of Civil Affairs). The elderly service refers to the services provided by the above elderly institutions in accordance with the provisions of the "Measures for the Administration of Elderly Institutions" (Decree No. 49 of the Ministry of Civil Affairs) for the elderly to receive life care, rehabilitation, nursing care, spiritual comfort, culture and entertainment.
(C) The nursing services provided by welfare institutions for the disabled.
(d) Marriage introduction services.
(E) funeral services.
Funeral services, refers to the price standard by the local price authorities in conjunction with the relevant departments approved, or the implementation of the *** guide price management of the body receiving (including lifting the body, disinfection), body grooming, embalming, storage of human remains (including refrigeration), cremation, cremation, storage of ashes, condolence facilities and equipment leasing, grave leasing and management and other services.
(F) disabled persons themselves to provide services to the community.
(VII) medical services provided by medical institutions.
Medical institutions, refers to the State Council "Regulations on the Administration of Medical Institutions" (State Council Decree No. 149) and the Ministry of Health "Regulations on the Administration of Medical Institutions Implementing Rules" (Ministry of Health Decree No. 35) of the Ministry of Health, by the registration of the "medical institutions licensed to practise" institutions, as well as the military, the Armed Police Force, all levels of various types of medical institutions. Specifically include: hospitals of all types at all levels, outpatient clinics (clinics), community health service centers (stations), first aid centers (stations), urban and rural health centers, nursing homes (hospitals), nursing homes, clinical testing centers, at all levels of *** and the relevant departments organized by the health epidemic prevention stations (disease control centers), a variety of specialized disease prevention and treatment stations (stations), at all levels of *** organized by the mother and child health care (stations), maternal and child health care institutions, child health care institutions, at all levels of *** organized by the health care institutions, and at all levels of *** organized by the health care institutions, the health care institutions. Health care institutions, blood stations (blood centers) and other medical institutions at all levels ***.
The medical services referred to in this subparagraph refers to the medical institutions in accordance with the price not higher than the price of medical services set by the competent department of price at or above the prefectural (municipal) level in conjunction with the competent department of health at the same level and other relevant departments (including the *** guide price and the price determined in accordance with the provisions of the negotiation between the supply and demand sides, etc.) for the provision of medical treatment of the services listed in the "National Medical Service Price Item Specification", and the medical institutions to provide health and epidemic prevention to the community. Medical institutions to provide the community with sanitary epidemic prevention and sanitary quarantine services.
(viii) Educational services provided by schools engaged in academic education.
1. Academic education, refers to the educated person through the national education examination or the state provides other means of enrollment, into the relevant state departments approved by the school or other educational institutions to study, to obtain state-recognized certificate of education form of education. Specifically:
(1) primary education: ordinary elementary school, *** school.
(2) primary secondary education: general junior high school, vocational junior high school, adult junior high school.
(3) Higher secondary education: general high schools, adult high schools and secondary vocational schools (including general junior colleges, adult junior colleges, vocational high schools and technical schools).
(4) Higher education: general undergraduate, adult undergraduate, network undergraduate, postgraduate (doctoral, master's), higher education self-study exams, higher education diploma exams.
2. Schools engaged in academic education, refers to:
(1) ordinary schools.
(2) by the people of the prefecture (city) level or above *** or the same level *** of the education administration approved the establishment of the state to recognize the academic qualifications of its students of various types of schools.
(3) The establishment of technical schools and senior technical schools approved by the administrative department of human resources and social security at the provincial level or above.
(4) Technician colleges approved by the provincial people ***.
All of the above schools include private schools engaged in academic education in compliance with the regulations, but do not include vocational training institutions and other state ...... >>
Question 10: What is the meaning of the 2016 bank camp change increase, and what is the impact of the financial industry camp change on banks Camp change is the change of business tax to value-added tax.
First, the current banking industry due to the implementation of the camp reform increase in the information technology system transformation, business and tax with the interface, process transformation and other aspects of the difficulties and impact
1, the implementation of the information technology system transformation: the banking industry is indeed faced with higher transformation costs than other industries, because the banking industry is involved in the transformation of a wide range of systems, as long as it involves the system of the income category, including Interest income, intermediary business income, interbank income and other systems have to be transformed, the banking industry information technology to adopt a large number of undoubtedly require a large number of hardware and software investment, especially after the camp reform, the need to further improve the functionality of the application of there are many more, the software environment needs to be constantly upgraded.
2, the realization of business and tax with the articulation of aspects: after the reform and increase of the bank must establish a value-added tax invoicing system and the existing business systems to effectively connect, to solve the hardware, software and other problems in the process of convergence, but also need to develop a corresponding value-added tax invoicing process, standardize the staff's business behavior, and to prevent risks. Banks have a lack of talent in the existing tax area, more emphasis on business and credit capable, the future implementation of the camp change process will certainly need to be a full-time staff of the tax area, the personnel of the pre-service training and the new position of the labor cost is also a larger expenditure.
3, process transformation: after the camp change, the banking industry from the tax system design and administration to the bank technology systems and business processes in many aspects need to be transformed. If in accordance with the requirements of the May 1, the biggest challenge is that the details have not been introduced, and this has led to policy uncertainty and the cost of reform irreversible contradiction between the two. However, if you sit and wait for the policy to be introduced, you may not be able to complete the implementation of the camp change in a timely manner, to the business, the customer has a huge impact, so commercial banks can only rely on the information they have, combined with the fundamentals of the value-added tax groping forward, but once the policy is introduced to have a large change, it is likely to cause a part of the cost of sinking.
Second, after the camp change, due to changes in the applicable tax rate and input credit problems caused by the impact of the tax burden
1, the applicable tax rate changes with the impact on the tax burden: At present, the financial and insurance industry business tax rate of 5%, its taxable turnover, including lending business income, income from the difference between the business and the intermediate business income, the three kinds of business, lending income is the main content of the business income in the banking industry, the business tax as the in-the-money business income, the business tax as the main content, the business tax as the in-the-money income. The main content of the business tax as in-price tax, its tax basis is the full amount of its operating financial business turnover, after the camp reform, the financial and tax departments to consider the financial and insurance industry to take 6% of the value-added tax rate, because the value-added tax is out-of-the-money tax, its tax basis must first be converted to tax-free income, so although the rate rose by 1%, but the corresponding tax basis has also been reduced.
2. The impact of input tax credits on tax liability: After the change in business modeling, the input tax associated with it is also deductible, and the bank's deductible input tax is mainly in the following areas:
(1) the purchase of fixed assets such as electronic equipment, office equipment, and counters for their operations;
(2) the hardware and software expenditures required for the banking information technology system. Despite the existence of the above deductible input tax, in actual business, there are more costs and expenditures that will not be deductible due to the unavailability of VAT special issuance, and the non-deductible input tax is mainly reflected in the following aspects: (1) interest paid on deposits to individuals; and (2) labor expenditures of bank employees.
Therefore, the banking industry needs to strengthen the accounting, reduce the bank's tax cost, increase the input tax to strengthen the VAT deduction and reduce the tax burden in the daily business.
Third, after the camp reform increase, the impact on the bank's business impact and internal control and management risks
1, the camp reform increase on the business impact
Due to the comprehensive camp reform increase may perhaps reduce the tax cost of some corporate borrowing, because the interest on the borrowing of these borrowers can be obtained from the bank to obtain the input tax credits, the camp reform increase to achieve the separation of the income tax on the price of the income, to meet the downstream entity enterprises to deduct the input tax, which is conducive to enhancing the ability of the financial industry to serve the real economy. At the same time, the downstream entity enterprises reduce the operating costs due to the offsetting of input tax, which is conducive to the reverse improvement of the bank credit environment, and promote the stable growth of the loan business.
2, the impact of the camp change on the risk of internal control management
There is also a problem with the invoicing of individual customers. Under the business tax, banks do not provide invoices to customers, but after the camp reform increase, individual customers will require banks to provide VAT general invoices, and the demand for the issuance of these massive invoices has greatly increased the burden on the system and the workload of commercial banks. The challenge at the external regulatory level is that banks, in addition to the original risk management of large enterprises and monitoring of key tax sources, are expected to face VAT risk tax assessment after the camp reform increase, and also to cooperate with the VAT special ...... >>