Value-added tax is a tax levied on the value-added of units and individuals who sell goods or provide processing, repair and replacement services and import goods. The following is the formula for calculating the value-added tax in Bian Xiao. Welcome to read and share. I hope you will like it.
Calculation formula of value added tax
VAT calculation formula 1: sales = sales revenue including tax /( 1+ 13%).
Value-added tax calculation formula 2: sales revenue including tax = sales __( 1+ 13%)= sales+sales __ 13%= sales+output tax (or input tax).
Value-added tax calculation formula 3: output tax (or input tax) = sales revenue including tax/(1+13%) _ _ 13% = sales _ _13%.
Formulas applicable to three kinds of VAT calculation situations
(1) General taxpayer
Taxable amount = output tax-input tax
Output tax = sales × tax rate (the tax rate here is 13%)
Taxable value of components = cost ×( 1+ cost profit rate)
Taxable value of components = cost ×( 1+ cost profit rate) ÷( 1- consumption tax rate).
(2) Imported goods
Taxable amount = component taxable amount × tax rate
Taxable value of composition = dutiable price+customs duty (+consumption tax).
(3) Small-scale taxpayers
Taxable amount = sales × collection rate
Sales = sales including tax ÷( 1+ collection rate)
Common situations of value-added tax transfer.
1. The commodity products purchased by the enterprise were originally used as commodities and later transferred to the equipment and fixed assets of the enterprise. Its input tax is offset by the original storage. If it is used for other purposes now, it should be transferred out, otherwise it will be counted as input tax;
2. If the goods purchased and produced by the enterprise cannot be used or sold, the input tax deducted from the output tax should also be transferred out as the input tax;
3. Since the original input tax has been deducted and losses have occurred at present, the input tax included in the abnormal loss of goods should be transferred out;
According to the tax laws and regulations, the inspector thinks that an invoice of an enterprise cannot be deducted in the current period. If the enterprise has deducted it, it should also be transferred as input and output.
Does the income from futures investment need to pay VAT?
Value-added tax is not charged for non-interest and interest income, and value-added tax must be paid for investment income that is not guaranteed.
I. Non-principal-guaranteed investment income obtained during the holding period (including maturity) of financial commodities does not belong to interest or interest income, and value-added tax is not levied.
Two. After the institutions engaged in financial and insurance business approved by the People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission issue loans, the interest receivable and unpaid within 90 days from the interest settlement date shall be implemented according to the existing regulations, and the interest receivable and unpaid after 90 days from the interest settlement date shall not be subject to VAT temporarily, and the actual interest shall be implemented according to the regulations.
Three. Taxpayers buying assets management products such as funds, trusts and wealth management products and holding them until maturity do not belong to the transfer of financial commodities mentioned in the notes on sales services, intangible assets and real estate.
Four. The asset management product manager is the VAT taxpayer for the VAT taxable behavior that occurs during the operation of the asset management product.
How to pay taxes on futures investment income?
1. Determine the tax payment period: individual income tax on futures trading shall be paid on a monthly basis, and the tax payment period shall be 20th of the current month.
2. Determine the tax amount: the tax amount of individual income tax is calculated according to the actual income of futures trading. If the futures trading income is positive, it needs to be calculated at the tax rate stipulated in the tax law; If the futures trading gains are negative, the previous losses can be deducted within a certain period of time.
3. Choose the tax payment method: individuals can choose to pay taxes according to actual income or according to the proportion of total income. The way of paying taxes according to actual income needs to provide relevant transaction records and account running water, and the way of paying taxes according to the proportion of total income needs to be calculated according to the proportion stipulated in the tax law.
It should be noted that the taxation of futures trading is complicated, so individuals should choose the appropriate tax payment method according to their own actual situation and abide by the provisions of the tax law to avoid unnecessary troubles caused by tax payment problems.