Value-added tax is a tax levied on the value-added amount levied on units and individuals who sell goods or provide processing, repair and maintenance services, or import goods. Value-added tax has become one of the most important taxes in China; some taxpayers pay their value-added tax late. So how to calculate the VAT late payment fee? I will introduce it to you in detail, I hope it will be helpful to you.

1. How to calculate VAT late payment penalty. The calculation method of late payment penalty is: late payment penalty = late payment tax date and ends on the date the tax is paid and deposited into the treasury. If the taxpayer fails to pay the tax within the prescribed time limit, and the withholding agent fails to pay the tax within the prescribed time limit, the tax authorities, in addition to ordering payment within a time limit, will also impose an additional 10,000 yuan on the overdue tax on a daily basis starting from the date of overdue tax payment. 5/5 late payment fees.

II. Scope of VAT collection 1. General scope The scope of VAT includes the sale (including import) of goods and the provision of processing and repair services. [5] 2. Special project cargo futures (including commodity futures and precious metal futures); - Cargo futures are subject to VAT and tax is paid during the physical delivery process; bank sales of gold and silver; pawn industry sales of pawned items; consignment industry sales entrustment The business of consigning items to persons; the production and allocation of philatelic commodities, and the business of selling philatelic commodities by other units and individuals other than the postal department. 3. Special acts deemed sales: The following eight acts are deemed to be sales of goods in the VAT law, and all of them are subject to VAT. 4. Sell goods on behalf of others. Move goods from one place to another (except in the same county or city); use self-produced or entrusted processing goods for non-taxable items; use self-produced or entrusted processing goods for non-taxable items. or purchase goods as investments in other units; distribute self-produced, entrusted processing or purchased goods to shareholders or investors; use self-produced or entrusted processing goods for employee welfare or personal consumption; use self-produced or entrusted processing goods for employee welfare or personal consumption; Or the purchased goods are given to others free of charge.

3. Types of value-added tax 1. Production-type value-added tax Production-type value-added tax means that when levying value-added tax, only the tax on the part of the production materials that are non-fixed asset items can be deducted, and no deduction is allowed. Taxes included in the value of fixed assets. The taxable object of this type of VAT is roughly equivalent to the gross domestic product, so it is called production-based VAT. 2. Income-type value-added tax Income-type value-added tax means that when levying value-added tax, only the tax contained in the depreciation part of fixed assets is allowed to be deducted, and the undepreciated part shall not be included in the amount of deduction items. The taxable object of this type of VAT is roughly equivalent to national income, so it is called income-type VAT. 3. Consumption-type value-added tax Consumption-type value-added tax means that when levying value-added tax, all taxes included in the value of fixed assets are allowed to be deducted in one go. Thus, as far as society as a whole is concerned, the means of production are excluded from taxation. The taxable object of this type of VAT is only equivalent to the value of social consumption materials, so it is called consumption-type VAT. China will implement consumption-based value-added tax in all regions of the country starting from January 1, 2009. The legal nature of late payment fees stems from the economics definition of taxation. Think of taxes as taxpayers' liabilities to the state. Therefore, the essence of late payment fees is the interest on state tax levied on those who owe taxes. The calculation of late payment fees has nothing to do with the type of tax. The calculation method is from the date of late payment of tax to the date of payment of tax, and an additional 0.05% of late payment tax will be charged every day. How to calculate late payment fees for VAT, that’s all for you.