Value-added tax is a turnover tax levied on units and individuals that sell goods or provide processing, repair and replacement services and import goods in China. Its collection scope includes:
1. Goods sold or imported. Goods refer to tangible assets, including electricity, heat and gas.
2. Provide processing, repair and replacement services. Processing refers to the entrusted processing of goods, that is, the entrusting party provides raw materials and main materials, and the entrusted party manufactures goods according to the requirements of the entrusting party and collects processing fees; Repair and repair refers to the business of repairing damaged and invalid goods and restoring them to their original state and function.
Generally speaking, the tax scope of value-added tax includes the above two items, but whether some special items or behaviors belong to the tax scope of value-added tax in practice needs to be determined specifically. For example, the special items that fall within the scope of VAT collection as stipulated in the current tax law mainly include:
3. Commodity futures (including commodity futures and precious metal futures) shall be subject to value-added tax, which shall be paid at the time of physical delivery of futures.
4. Value-added tax shall be levied on the business of selling gold and silver by banks.
5. The value-added tax shall be levied on the pawn sales business and the consignment sales business of pawn shops.
6. Production and sales of philatelic products (such as stamps, first day covers, postal discounts, etc.). ) and sales by other units and individuals outside the postal department are subject to value-added tax.
7. The auction house that entrusts the auction of VAT taxable goods shall collect VAT at the rate of 4% for all extra-price fees charged to the buyer. If the auction goods fall within the scope of duty-free goods, the value-added tax may be exempted with the approval of the county-level competent tax authorities where the auction house is located (see Guo Shui Fa [1999] No.40).
8. From June 5438+1 October1,the value-added tax was resumed on silver concentrates, other non-ferrous metal concentrates, intermediate smelting products and finished products produced and sold by enterprises.