after April 1st, 219 (inclusive), the VAT rate was reduced from 16% to 13%. The tax rate of 13% is applicable to the sale of goods or the provision of processing, repair and replacement services and imported goods. Provide tangible movable property rental services. Value-added tax is extra-price tax, and the tax-included amount on the value-added tax invoice = selling price+tax amount.
the tax-included price includes the value-added tax, that is, the retail price. Some goods subject to consumption tax include consumption tax in addition to the value-added tax, but do not include out-of-price expenses, such as packaging and handling fees.
price including tax can be converted into price excluding tax by formula, that is, price including tax = price excluding tax *(1+ tax rate). The general tax rates are 13%, 9% and 6%, and the most common one is 13% VAT.
Legal basis
Provisional Regulations of the People's Republic of China on Value Added Tax
Article 13 Taxpayers other than small-scale taxpayers shall register with the competent tax authorities. The specific measures for registration shall be formulated by the competent tax authorities of the State Council.
small-scale taxpayers who have sound accounting and can provide accurate tax information can register with the competent tax authorities. If they are not small-scale taxpayers, the tax payable shall be calculated in accordance with the relevant provisions of these Regulations. Article 14 Taxpayers who import goods shall calculate the tax payable according to the tax rate stipulated in the taxable value and Article 2 of these Regulations. Composition taxable value and calculation formula of tax payable:
Composition taxable value = customs duty paid price+customs duty+consumption tax
Taxable amount = composition taxable value * tax rate Article 15 The following items are exempt from value-added tax:
(1) Self-produced agricultural products sold by agricultural producers;
(2) Contraceptive drugs and devices;
(3) antique books;
(4) imported instruments and equipment directly used for scientific research, scientific experiments and teaching;
(5) imported materials and equipment provided free of charge by foreign governments and international organizations;
(6) articles for the exclusive use of persons with disabilities are directly imported by organizations of persons with disabilities;
(7) articles sold and used by oneself.
in addition to the provisions of the preceding paragraph, the tax exemption and reduction items of value-added tax shall be stipulated by the State Council. No region or department may stipulate tax exemption or reduction items.