1. What do you mean by company invoice tax deduction?
Enterprise invoice tax deduction refers to deducting operating income (or value-added) from expenditure items used for production or operation.
Tax credit refers to the input tax that should be refunded in raw materials, spare parts, fuel and power consumed by production enterprises to export goods for their own use, so as to offset the taxable amount of domestic goods. When a general VAT taxpayer obtains a special VAT invoice, the cost is the full cost excluding tax (price-tax separation). If the special VAT invoice of 13% is not obtained, the cost will definitely be higher (input VAT cannot be deducted from output VAT). With the qualification of general taxpayer, the input of VAT invoice can be deducted. Tax credit means that as a general taxpayer, there are many goods purchased in the month, more input taxes and more goods in stock. If the input is greater than the output in the current period, there will be tax credits and a corresponding amount of commodity inventory.
Article 5 of the Provisional Regulations of the People's Republic of China on Business Tax refers to the total price and other expenses collected by taxpayers for providing taxable services, transferring intangible assets or selling real estate. However, the following exceptions are made:
(1) If the taxpayer subcontracts the contracted transportation business to other units or individuals, the turnover shall be the balance of the total price and other expenses obtained by the taxpayer after deducting the transportation expenses paid to other units or individuals;
(2) If a taxpayer engages in tourism business, the turnover shall be the balance of the total price and extra-price expenses obtained by him after deducting the accommodation fees, meals, transportation fees, tickets for tourist attractions and travel expenses paid to other package tourism enterprises for tourists;
(3) If a taxpayer subcontracts a construction project to other units, the turnover shall be the balance of the total price and other expenses obtained after deducting the subcontracting money paid to other units;
(4) For the business of buying and selling foreign exchange, securities, futures and other financial commodities, the turnover shall be the balance of the selling price minus the buying price;
(five) other circumstances stipulated by the competent departments of finance and taxation of the State Council.
2. What do I mean by tax refund at the end of VAT?
VAT can be divided into output tax and input tax. The value-added tax at the time of purchase is called input tax, and the value-added tax at the time of sale is called output tax. When calculating the tax payable at the end of the period, when the output tax is greater than the input tax, it is required to pay tax; when the output tax is less than the input tax, it is not required to pay tax, and the input tax that is not deducted can be deducted for the next period. These taxpayers have not fully deducted the output tax, and the input tax to be deducted in the next period is called' tax retention'. Value-added tax allowance refers to the value-added tax amount that cannot be deducted because of the mismatch between the input and output of value-added tax in the course of enterprise operation, and the value-added tax amount that can be deducted when sales are realized in the future. At present, due to the change of policy, the scope of the pilot project of VAT collection and return is very clear, that is, some qualified enterprises and power grid enterprises will be included in the scope of the pilot project of VAT collection and return, and the final VAT tax amount formed in a certain period will be refunded at one time, so as to alleviate the financial pressure of these enterprises, support enterprises to expand investment and realize the upgrading of technology and equipment. Provisional Regulations on Value-added Tax Article 1 Units and individuals selling goods or processing, repair and replacement services, services, intangible assets, real estate and imported goods within the territory of People's Republic of China (PRC) are taxpayers of value-added tax and shall pay value-added tax in accordance with these regulations.
3. What does the mortgage tax mean?
The so-called mortgage loan is to deduct the mortgage interest from the salary first, and then pay taxes. In this way, the monthly tax deduction will be reduced. According to the Interim Measures for Special Additional Deduction, if an individual or spouse uses a commercial bank or individual housing loan alone or jointly to purchase a house for himself or his spouse in China, the interest expenses incurred in the first housing loan shall be deducted according to the standard quota of 1 000 yuan per month in the year when the loan interest actually occurs, and the maximum deduction period shall not exceed 240 months. Taxpayers can only enjoy a first home loan interest deduction. The term "first home loan" as mentioned in these Measures refers to the housing loan that enjoys the interest rate of the first home loan when buying a house. As agreed by both husband and wife, one of them can choose to deduct, and the specific deduction method cannot be changed within a tax year. For the first set of housing loans incurred when husband and wife buy houses separately before marriage, they can choose one set of houses purchased after marriage, and the buyer will deduct them according to the deduction standard of 100%, or both husband and wife will deduct them according to the deduction standard of 50%, and the specific deduction method cannot be changed within one tax year. Taxpayers should keep housing loan contracts and loan repayment expenditure vouchers for future reference.
4. Can the tax-free invoice issued by the person who obtained XX be deducted?
Qualified "agricultural products purchase tickets and agricultural products sales tickets" can be deducted. 1. According to Item (3) of Article 25 of the Implementation Measures for the Pilot Reform of Business Tax to VAT (Caishui [2016] No.36) issued by the Ministry of Finance in State Taxation Administration of The People's Republic of China, in addition to obtaining special VAT invoices or customs import VAT payment books, the purchase of agricultural products should be indicated on the purchase ticket or sales ticket. The calculation formula is: input tax = input price × deduction rate input price, which refers to the price indicated on the purchase invoice or sales invoice of agricultural products purchased by taxpayers and the tobacco tax paid according to regulations. 2. According to the relevant provisions of the Notice of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China, on the Trial Implementation of the Input Tax Deduction Method for Agricultural Products (Cai Shui [20 1 2] No.38), in order to strengthen the management of the input tax deduction for agricultural products, the deduction method1was approved by the State Council. Input-output method: VAT input tax of agricultural products allowed to be deducted in the current period = consumption of agricultural products in the current period × average purchase price of agricultural products × deduction rate /( 1+ deduction rate) 2. Cost method: VAT input tax of agricultural products allowed to be deducted in the current period = main business in the current period.
I hope the above content can help you. Please consult a professional lawyer if you have any other questions.
Legal basis: Article 5 of the Provisional Regulations of the People's Republic of China on Business Tax states that the taxpayer's turnover refers to the total price and other expenses charged by the taxpayer for providing taxable services, transferring intangible assets or selling real estate. However, the following exceptions are made:
(1) If the taxpayer subcontracts the contracted transportation business to other units or individuals, the turnover shall be the balance of the total price and other expenses obtained by the taxpayer after deducting the transportation expenses paid to other units or individuals;
(2) If a taxpayer engages in tourism business, the turnover shall be the balance of the total price and extra-price expenses obtained by him after deducting the accommodation fees, meals, transportation fees, tickets for tourist attractions and travel expenses paid to other package tourism enterprises for tourists;
(3) If a taxpayer subcontracts a construction project to other units, the turnover shall be the balance of the total price and other expenses obtained after deducting the subcontracting money paid to other units;
(4) For the business of buying and selling foreign exchange, securities, futures and other financial commodities, the turnover shall be the balance of the selling price minus the buying price;
(five) other circumstances stipulated by the competent departments of finance and taxation of the State Council.