From April 1 day in 2022 to February 3 1 day in 2022, small-scale taxpayers of value-added tax shall apply taxable sales income at the rate of 3% and be exempted from value-added tax; VAT prepayment with 3% withholding rate shall be applied, and VAT prepayment shall be suspended.

The implementation period of the preferential tax policies stipulated in Article 1 of the Announcement of the Ministry of Finance in State Taxation Administration of The People's Republic of China on Continuing to Implement Some Preferential Tax Policies to Deal with the Epidemic (Announcement No.7 of the Ministry of Finance in State Taxation Administration of The People's Republic of China No.2021) is extended to March 3, 20221day.

Tax scope of value-added tax

1. Goods sold or imported

The goods here mainly refer to tangible movable property. Of course, gas, electricity and heat are also included. When we sell goods, the purpose of transfer is to obtain ownership, not the right to use. This still needs attention.

The VAT rate of goods sold or imported is 13% or 9%.

2. Selling services

Labor service refers to repair, repair and processing services. The sales service VAT rate is 13%.

Value-added tax is needed not only for selling goods, but also for providing paid services. Of course, processing here refers to entrusted processing; And maintenance is mainly to restore the original function of goods that can't work. Such as car maintenance.

3. Sales service

Services include transportation services, construction services and living services. The VAT rates involved in selling services are 13%, 9% and 6%.

The scope of sales services is still relatively wide. Sales services mainly come from "camp reform". These sales services, which were originally required to pay business tax, began to pay value-added tax after the "reform of the camp".

4. Selling intangible assets

The sale of intangible assets refers to the economic activity of transferring the right to use or ownership of intangible assets. Our common intangible assets are trademarks, technologies and other beneficial intangible assets. Specifically, other beneficial intangible assets include franchise, distribution right, portrait right and naming right.

The tax rate for selling intangible assets is 6% or 9%.

Step 5 sell real estate

Real estate refers to the ownership of real estate. Common real estate includes buildings, buildings, etc. For example, the property we buy also has to pay VAT.

In addition, when the land use right is transferred with the building, the value-added tax should also be paid according to the "sale of real estate". When selling real estate, the applicable VAT rate is 9%.