According to the Provisional Regulations of People's Republic of China (PRC) on Value-added Tax:

Article 8 The value-added tax paid or borne by taxpayers for purchasing goods, labor services, services, intangible assets and real estate is the input tax.

The following input taxes are allowed to be deducted from the output tax:

(1) VAT indicated on the special VAT invoice obtained from the seller.

(2) The value-added tax indicated in the special payment book for customs import value-added tax obtained from the customs.

(3) For purchasing agricultural products, except for obtaining special VAT invoices or customs import VAT payment letters, the input tax shall be calculated according to the purchase price of agricultural products and the deduction rate 1 1% indicated in the purchase invoices or sales invoices of agricultural products, unless otherwise stipulated by the State Council.

The Provisional Regulations of People's Republic of China (PRC) on Value-added Tax is a temporary regulation on the collection of value-added tax. The object of collection is "units and individuals that sell goods or provide processing, repair and replacement services and import goods within the territory of People's Republic of China (PRC), and are taxpayers of value-added tax". The revised new VAT regulations and detailed rules will be implemented on June 65438+ 10 1 day, 2009.

The extended information is based on the detailed rules for the implementation of the provisional regulations on value-added tax:

Article 3 Taxpayers engaged in projects with different tax rates shall separately account for the sales of projects with different tax rates; If the sales volume is not accounted for separately, a higher tax rate shall apply.

Article 4 Except under the circumstances stipulated in Article 11 of these Regulations, the taxable amount of taxpayers selling goods, labor services, services, intangible assets and real estate (hereinafter referred to as taxable sales) is the balance of the current output tax minus the current input tax. Calculation formula of tax payable:

Taxable amount = current output tax-current input tax

When the current output tax is less than the current input tax, the insufficient part can be carried forward to the next period for further deduction.

Article 5 Where a taxpayer conducts taxable sales, the value-added tax shall be calculated and collected according to the sales amount and the tax rate stipulated in Article 2 of these Regulations, which is the output tax. Output tax calculation formula:

Output tax = sales × tax rate

Article 6 Sales amount refers to the total price and other expenses collected by taxpayers in taxable sales activities, but does not include the output tax collected.

Sales are calculated in RMB. Taxpayers who settle their sales in currencies other than RMB shall convert them into RMB for settlement.

Baidu Encyclopedia-Provisional Regulations on Value-added Tax in People's Republic of China (PRC)