A: The value-added tax on transactional financial assets is special. At the time of purchase, value-added tax is included in the cost of transactional financial assets. Input tax is not involved (whether it is a general taxpayer or a small-scale taxpayer).

Note: The value-added tax on transaction costs is included in the input tax. At the time of sales, the value-added tax is calculated by taking the balance of the sales price minus the purchase price as the sales amount. (It is called "differential taxation" in the tax law. In accounting, the tax payable is confirmed at the time of sale and included in the investment income.

Why is the value-added tax on the transfer of transactional financial assets not calculated according to the output minus the input?

(1) Basic provisions on the scope of VAT taxation on the transfer of financial goods

The transfer of financial products belongs to one of the four sub-tax items under the tax item of financial services.

Caishui [20 1 6] No.36 Attachment1:Notes on Sales Services, Intangible Assets and Real Estate Article 1, Item (5), Item 4 stipulates that the transfer of financial commodities refers to the business activities of transferring the ownership of financial commodities such as foreign exchange, securities and non-commodity futures. Other financial commodity transfers include various asset management products and wealth management products, such as funds.

(two) the scope of securities is limited to the scope of capital security.

The scope of securities, business tax is interpreted as stocks and bonds. Although the camp reform did not give a specific explanation of what securities are, the scope of securities is also clear. Securities that belong to the scope of financial commodities can only be capital securities such as stocks and bonds that can be traded in the open market, excluding commodity securities (such as bills of lading and waybills). ) and monetary securities (such as commercial bills and bank bills, etc. ).

According to the current scope of securities, shares of listed companies and restricted shares should belong to securities. The stocks of unlisted companies are not securities, because they cannot be traded on the open market.

At present, there is no uniform regulation on whether the share transfer of the "New Third Board" belongs to the transfer of financial commodities. The Beijing Municipal State Taxation Bureau believes that the transfer of shares in the "New Third Board" does not belong to the taxation scope of financial commodity transfer. Reference: Detailed Description of Enterprises Holding Stocks, Purchasing Wealth Management Products, Notifying Deposits whether to Pay Value-added Tax, Taxing and Accounting Treatment by Beijing State Taxation Bureau.

(3) The income during the holding period of financial commodities does not belong to the scope of financial commodity transfer.

According to the provisions of the camp reform, there is no provision to levy value-added tax on dividends obtained during the period of stock holding, and value-added tax is levied on interest obtained during the period of bond holding according to payment services.

In other words, the scope of collection of value-added tax on the transfer of financial goods is limited to the income generated from the transfer link, excluding the income during the holding period.

Why is there no input tax for trading financial assets? And why migration is not calculated by subtracting input from output, which has been explained in detail in the resources given by the author above. If you still don't understand something and can't grasp it accurately, you can also contact our Q&A teacher online for professional free guidance.