The yacht consumption tax is paid by the manufacturer, not the buyer. Yachts subject to consumption tax are 8 to 90 meters long, and their hulls are made of FRP, steel, aluminum alloy, plastic and other materials, which can be used for sailing on water, including unpowered boats, sail boats and motorboats. Yacht consumption tax refers to navigation equipment and water mobile devices with a length of not less than 2.5 meters. At present, the yacht with consumption tax in China is only aimed at private people, that is, the rich group. Because these yachts are only used for entertainment, not for income generation and profit.
The collection method of consumption tax in China is as follows:
1. Consumption tax is a tax levied on specific consumer goods, which belongs to the category of turnover tax. On the basis of the general collection of value-added tax on goods, in order to adjust the product structure, guide the consumption direction and ensure the national fiscal revenue, consumption tax is levied on a few consumer goods.
2. Consumption tax * * * has 15 tax items, of which 3 tax items have 13 subhead and 25 tax items are listed. There are 2 companies with proportional tax rate1company and 4 companies with fixed tax rate. * * * There is a total tax rate of 13, ranging from 3% to 56% (from September 2008 1, the tax rate for passenger cars with the displacement below 1.0 liter (inclusive) was reduced from 3% to 1%).
3. With the approval of the State Council, People's Republic of China (PRC) Ministry of Finance and State Taxation Administration of The People's Republic of China made major adjustments to the consumption tax policy of tobacco products, and the ad valorem rate of consumption tax on Class A cigarettes was adjusted from 45% to 56%. In addition, an ad valorem tax of 5% will be levied on cigarette wholesale, and the new policy will be implemented from May 2009 1.
Consumption tax is a tax levied on a few consumer goods on the basis of general goods value-added tax, mainly to adjust product structure, guide consumption direction and ensure national fiscal revenue.
5. The current scope of consumption tax collection mainly includes: cigarettes, alcohol, firecrackers, fireworks, cosmetics, refined oil, precious jewels and jade, golf balls and equipment, high-end watches, yachts, wooden disposable chopsticks, solid wood floors, motorcycles, automobiles, batteries, paints and other tax items, and some tax items are subdivided into several subheads.
To sum up, consumption tax, as a means for the government to regulate production, consumption and social wealth redistribution, has been widely adopted by countries all over the world, and the intensity of collection has increased year by year. At present, consumption tax in developed countries generally accounts for more than 10% of tax revenue, and consumption tax revenue accounts for more than 3% of GDP.
Legal basis:
Article 1 of the Provisional Regulations of People's Republic of China (PRC) on Consumption Tax
Units and individuals that produce, process or import consumer goods specified in these Regulations within the territory of People's Republic of China (PRC), and other units and individuals that are determined by the State Council to sell consumer goods specified in these Regulations, are taxpayers of consumption tax and shall pay consumption tax in accordance with these Regulations.