Main types of taxes in China

Main types of taxes in China Currently there are 19 types of taxes in China1、VAT 2、Consumption tax 3、Business tax 4、Corporate income tax 5、Personal income tax 6、Tariff 7、Urban land use tax 8、Land value added tax 9、Property tax 10、Urban maintenance and construction tax 11、Vehicle purchase tax 12 Vehicle and vessel tax 13、Stamp duty 14、Deed tax 15、Farmland occupation tax 16、Tobacco tax 17、Resource tax 18、Ship tonnage tax 19、Fixed asset investment direction adjustment tax. Consult today to introduce the value-added tax in detail. 1、definition：Value added tax (value added tax) is imposed on the sale of goods or the provision of processing、A tax levied on the value-added realized by entities and individuals engaged in repair and repair services and imported goods.。

From a tax calculation perspective，Value-added tax is a turnover tax levied based on the value-added amount generated during the circulation of goods (including taxable services) as the basis for tax calculation.。Implement extra-price tax，That is, it is borne by consumers，Taxation only if there is value-added, no tax if there is no value-added，But in reality，It is difficult to accurately calculate the added value or added value of commodities during the production and circulation process.。

2、Collection objects：Selling goods or providing processing within the territory of the People's Republic of China、Units and individuals providing repair and replacement services and imported goods，Be a taxpayer of value-added tax。But actually，This tax will be applied to the sales price，transferred to consumer。 3、Tax content：The scope of VAT collection includes：1、Goods (tangible personal property)，including heat、electricity、gas, etc.)；2、Taxable labor services (processing, repair and repair services provided)；3、imported goods。

4、Applicable tax rate：The value-added tax rate is divided into four levels：Basic tax rate 17% (goods、taxable services、Tangible asset leasing services)、Low tax rate of 13% (grain、Necessities such as cooking oil)，Collection rate (2%、3%、5%) and zero-rated (for exported goods)。 5、calculate：Simply put，Value-added tax is an extra-price tax，As long as it is a general taxpayer or a small-scale taxpayer，All goods purchased and sold are actually tax-included.。

Therefore, VAT must be excluded when calculating income.，Right now： Total price and tax/1.17 = price excluding tax， (That is, VAT is excluded from the tax-included payment) Tax-exclusive price * 17% = VAT (output tax or input tax) (input tax at the time of purchase)，Sales tax is output tax) Purchase：10000/1.17= Payment without tax 8547.01 8547.01*17% = Value-added tax (input tax) 1452.99 Sales：15000/1.17= Sales volume excluding tax 12820.51 12820.51*17% = Value-added tax (output tax) 2179.49 Value-added tax payable = Output tax 2179.49 - Input tax 1452.99 = 726.5 If the tax is deducted from the payment as you said，That is, the price does not include tax。

Such as purchasing，Just use： Price including tax 10,000 - Input tax 1,452.99 = Price excluding tax 8,547.01. That is, the value-added tax calculation formula is：Total price and tax 10,000/1.17*17% = value-added tax (input tax) 1,452.99 If you are a small-scale taxpayer： When purchasing，Although input tax is not separated，But it also includes tax。Just because it's small，State regulations do not allow input tax to be deducted。

Therefore, the total price and tax must be recorded in inventory。For example, in the above example, if you purchase 10,000，All recorded in inventory cost，No VAT excluded，Because the state does not allow small-scale taxpayers to deduct input tax。 When selling，Calculate value-added tax at a levy rate of 3%，Right now： Total price and tax/1.03 = sales excluding tax，(That is, VAT is excluded from the tax-included payment) Sales excluding tax * 3% = VAT payable。

For example, in the above example, the sales amount is 15,000。Right now： 15000/1.03＝Sales excluding tax 14563.11 　Sales excluding tax 14563.11*3%＝VAT payable 436.8 Want to learn more about Shenzhen company registration、change、To log out, send an email to。

About Hong Kong Xintong

Hong Kong Xintong focuses onGuangdong and Hong Kong license plates、Shenzhen Hazardous Chemicals Business License、Shenzhen labor dispatch licenseandShenzhen Charity Foundationapplication services，Assist customers to applyShenzhen travel agency business license、Shenzhen pawn shop business license、Shenzhen auction house license and other mainstream domestic financial licenses，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableODI overseas investment registration、International travel agency registration and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。