The tax point of a pharmaceutical invoice depends mainly on the VAT rate of the company. For general taxpayers, regardless of whether they issue special VAT invoices or ordinary invoices, they apply a fixed tax rate. China's VAT system is divided into three levels: the basic rate, the low rate and the zero rate for exported goods.
The basic rate applies to most sales or imports of goods and is usually 17%. This rate applies to a wide range of goods and services, including the sale or supply of processing, repair and refurbishment labor. This is the most common tax rate and is often referred to as the basic rate.
The lower rate, on the other hand, applies to the sale or importation of specific goods and is 13%. This is a preferential tax rate for certain goods or services and is distinguished from the basic rate.
For goods that are exported, the country applies a zero rate, which means that companies do not have to pay VAT when exporting. Overall, the tax point of a pharmaceutical invoice depends on the tax category it belongs to, with the basic and lower tax rates being the main considerations. For pharmaceutical invoices specifically, you need to look at the relevant tax rate regulations and the tax status of the business to determine the actual tax point.