The taxable amount of value-added tax is calculated according to the following formula: the taxable amount is equal to the current sales multiplied by the tax rate MINUS the current input tax. The purchased goods consumed by products in process and finished products with abnormal losses shall not be deducted from the output tax. Taxpayers engaged in tax exemption or reduction projects shall separately account for the sales of tax exemption or reduction projects.

What is the value-added tax payable for the transfer of financial goods?

The issue of taxes and fees involved in the transfer of financial commodities has always been concerned, and the calculation formula of value-added tax payable is also an important topic. This paper will introduce in detail the calculation formula of value-added tax payable for the transfer of financial goods.

First of all, we need to know what financial goods are. Financial commodities refer to financial assets such as securities, derivatives, creditor's rights and debts that can be paid and transferred by money. In China, financial commodities include stocks, bonds, futures, options and foreign exchange.

The transfer of financial commodities refers to the behavior that the holder sells the financial commodities he holds to others at a certain price. In this process, certain taxes and fees will be generated, including value-added tax.

According to the national tax policy, the transfer of financial goods is subject to value-added tax at a rate of 6%. However, it should be noted that if the holding period exceeds 1 year, the value-added tax will be exempted.

To sum up, the calculation formula of value-added tax payable for the transfer of financial goods varies with the holding period. Short-term holdings are subject to VAT, and the calculation formula is: long-term holdings are exempt from VAT, but personal income tax is required. When transferring financial goods, it is necessary to accurately calculate the tax payable in accordance with the regulations to avoid tax disputes.

Legal basis:

Eleventh "Provisional Regulations on Value-added Tax in People's Republic of China (PRC)"

Taxpayers selling goods, labor services, services, intangible assets and real estate are hereinafter collectively referred to as taxable sales, and the taxable amount is the balance of the current output tax after deducting the current input tax. Calculation formula of tax payable: tax payable current output tax current input tax. When the current output tax is less than the current input tax, the insufficient part can be carried forward to the next period for further deduction.