VAT is a tax on the value-added amount realized by units and individuals who sell goods or provide processing, repair and assembly services and import goods. VAT has become one of the most important taxes in China, and the revenue from VAT accounts for more than 60% of all tax revenue in China, making it the largest tax. VAT is collected by the State Administration of Taxation (SAT), and 50% of the tax revenue is from the central government and 50% from local governments.
2. Export tax rebate is a measure by which the state utilizes tax leverage to reward exports.
Generally divided into two kinds: (1) refund of import tax, that is, the export product enterprises with imported raw materials or semi-finished products, processed into products for export, the refund of its import tax has been paid; (2) refund of domestic taxes paid, that is, the enterprise in the commodity declaration for export, the return of its production of the commodity has been paid the domestic tax.
3, the conditions of export tax rebate
(1) must be value-added tax, consumption tax within the scope of goods. The scope of VAT and consumption tax, including all VAT taxable goods other than tax-exempt agricultural products purchased directly from agricultural producers, as well as cigarettes, alcohol, cosmetics and other 11 categories of consumer goods listed for consumption tax.
(2) must be declared for export of goods leaving the country. The so-called export, that is, the output port, which includes self-export and commissioned two forms of export agent. Distinguish whether the goods are declared for export, is to determine whether the goods belong to the scope of the refund (exemption) of one of the main criteria.
(3) must be in the financial treatment of export sales of goods. The exported goods can only be processed for tax refund (exemption) after the financial export sales processing.
For example, the purchase of goods 1 million, the sales price of 1.1 million. All exclusive of VAT, regardless of other factors.
If sold domestically, the price charged is 1.1 * 1.17 = 1.287 million.
When exporting, you can only get the price of 1.1 million.
What is exempted is the VAT output tax. That is, you don't have to pay 110 * 0.17 = 187,000 VAT output.
The refund is VAT input. You pay 1.17 lakhs for purchasing goods, of which you are refunded a portion of 1.7 lakhs input tax.
The refund to you is 100*5% = 50,000 input tax. The remaining input tax needs to be reversed. It's included in the cost. In reality your cost is 1.12 lakhs.
Understanding: According to the above example, when purchasing goods is a **** paid 1.17 million yuan (goods value of 1 million, VAT 170,000). Export can be refunded when the purchase of goods paid 170,000 VAT. But the actual return of only 50,000 bank deposits, the remaining 120,000 is not really bank deposits to recover, just transferred to the cost.
VAT output tax: This refers to the amount of VAT that a VAT payer collects from the buyer on the sale of goods and services in accordance with the sales volume and the applicable tax rate.
The calculation method is generally divided into two types:
(1) output tax = tax-inclusive sales/(1+tax rate) * tax rate
(2) output tax = non-tax-inclusive sales * tax rate
Input tax payable is the tax paid by the enterprise to the supplier, and output tax is the tax paid by the buyer to the enterprise.
The current exchange rate of 6.7 to calculate, the formula is as follows:
1. Profit = export value of goods in U.S. dollars * exchange rate - RMB value of goods (need to pay the price of the factory's RMB) + RMB value of goods / 1.17 * tax rebate rate - this ticket of goods exported to the Customs RMB fees incurred
Tax rebate portion of the value of goods = RMB value of goods / 1.17 * tax rebate rate
2, To calculate the value of 1000 USD and 5000RMB goods, as follows:
Profit: 1000*6.7-5000+5000/1.17*0.16=2383.76RMB
Tax refund: 5000/1.17*0.16=683.76RMB
3. Tax refund: We must wait until the refund order comes down and submit to the State Council together with the RMB VAT invoice issued by us. RMB VAT ticket submitted to the state tax together, usually at least two months after shipment to get the tax refund.