Value-added tax is the taxpayer of value-added tax if it is the owner who is engaged in the production and sale of goods, wholesale and retail or provides processing and repair services. If goods are imported from the customs, the customs will also levy value-added tax and consumption tax on the import link at the same time. Regarding the taxation of individual operators, if they are individual industrial and commercial households engaged in commercial operations, the VAT collection rate is 4%; If it is an individual industrial and commercial household engaged in industry, processing, repair and replacement services, the VAT collection rate is 6%. So, just do a simple multiplication:
VAT payable = sales × collection rate.
Please note, however, that the sales amount in the formula refers to the sales income excluding VAT obtained in the current month, which needs simple conversion:
Sales excluding tax = sales including tax ÷( 1+ collection rate)
As for the consumption tax, such as cigarettes, wine, wine, firecrackers and fireworks, cosmetics, refined oil, precious jewelry and jade, automobile tires, motorcycles, wooden disposable chopsticks, solid wood floors and other following commodities. Consumption tax should be paid for production, entrustment or import (including production and import for personal use), which is the consumption tax taxpayer. Consumption tax on gold and silver jewelry and diamonds is levied in retail, so don't forget to declare and pay consumption tax when you are engaged in the production of the above products and the retail of gold and silver jewelry and diamonds. Alcohol, tobacco, firecrackers, fireworks, cosmetics, refined oil, precious jewels and jade, automobile tires, motorcycles, golf balls and equipment, high-end watches, yachts, wooden disposable chopsticks, solid wood floors and automobiles. The consumption tax on gold and silver jewelry and diamonds is levied at the retail stage, so don't forget to pay the consumption tax when you are engaged in the retail of gold and silver jewelry and diamonds. Since the self-employed cannot obtain the license issued by the People's Bank, they generally cannot engage in the retail of gold and silver jewelry and diamonds. )
The tax rate of consumption tax varies according to different taxable products. There are both proportional tax rates and fixed tax rates, and they are also compounded.
Self-employed households generally pay taxes at a fixed rate, and invoices can only be issued by nearby tax offices!