What input VAT is allowed to be deducted from output VAT?

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Hello, the State Administration of Taxation has reformed the business tax of the transportation industry and some modern service industries, and decided to change it to value-added tax. It is now being implemented on a pilot basis, so what input tax can be deducted from the output tax?

Professional answers. According to Article 22 of the Implementation Measures of the Ministry of Finance and the State Administration of Taxation for the Pilot Project of Replacing Business Tax with Value-Added Tax in the Transportation Industry and Some Modern Service Industries, the following input VAT is allowed to be deducted from the output VAT: (1) the VAT amount indicated on the special VAT invoice obtained from the seller or the provider.

2) The amount of VAT indicated on the special payment certificate for import VAT obtained from the Customs. (3) For the purchase of agricultural products, in addition to obtaining special VAT invoices or special payment certificates for customs import VAT, the input VAT shall be calculated according to the purchase price of agricultural products indicated on the purchase invoice or sales invoice of agricultural products and the deduction rate of 13%. It is calculated as follows:

Input VAT = Purchase Price Deduction Rate. The purchase price refers to the price indicated on the purchase invoice or sales invoice of the agricultural products purchased by the taxpayer and the tobacco tax paid in accordance with the regulations. (4) In addition to obtaining special VAT invoices, the input VAT calculated according to the amount of transportation costs indicated on the transportation cost settlement documents and the deduction rate of 7% shall be used to receive transportation services.

The formula for calculating input tax: input tax = amount of transportation expenses Deduction rate. The amount of transportation costs refers to the transportation costs (including the transportation costs of railway pipelines and railway special lines) and construction ** indicated on the transportation cost settlement documents, excluding loading and unloading costs, insurance premiums and other miscellaneous expenses.

5) The amount of value-added tax indicated on the general tax payment certificate of the People's Republic of China (hereinafter referred to as the general payment certificate) obtained from the tax authorities or domestic ** persons for taxable services provided by overseas units or individuals.

The inputs that are eligible for deduction are:

1) The amount of VAT indicated on the special VAT invoice obtained from the seller;

2) The amount of VAT indicated on the tax payment certificate obtained from the customs;

3) For the purchase of tax-exempt agricultural products, the input tax shall be calculated according to the purchase price and the deduction rate of 10;

4) The freight incurred in the process of purchase and sale shall be calculated according to the deduction rate of 7 according to the freight amount (including construction**) listed in the freight settlement documents;

5) The general taxpayers specializing in the operation of waste materials purchase waste materials on the basis of sales, according to the purchase amount indicated on the purchase voucher approved by the competent tax distribution authority, according to the deduction rate of 10, the input tax is calculated.

Article 10 of the Provisional Regulations of the People's Republic of China on Value-Added Tax stipulates that:

The input VAT of the following items shall not be deducted from the output VAT:

1) Purchase of fixed assets;

2) Purchased goods or taxable services for non-taxable items;

3) Purchased goods or taxable services for tax-exempt items;

4) Purchased goods or taxable services for collective welfare or personal consumption;

5) Purchased goods with abnormal losses;

6) Purchased goods or taxable services consumed in products or finished products for abnormal losses.

According to the method of exclusion, the first three of the four alternative answers to the question are not allowed to be deducted, then the answer is: d

The input VAT allowed to be deducted from the output VAT is the input VAT amount of the invoice certified by Huiyue.

Common invoices that can be deducted from input tax are: special VAT hairstyle bills, customs import VAT special payment certificates, agricultural product sales or purchase invoices, and motor vehicle sales uniform invoices.

The input tax that is allowed to be deducted from the output tax is changed to the account, and the accounting treatment is: debit: inventory goods and other accounts, tax payable - VAT payable (input tax), credit: accounts payable and other accounts.

The input tax that is allowed to be deducted from the output tax is the input tax amount of the invoice certified in the current month.

Common invoices that can deduct input tax are: special VAT invoices, special payment certificates for customs import VAT, sales or purchase invoices for agricultural products, and uniform invoices for motor vehicle sales.

For the input tax that is allowed to be deducted from the output tax, the accounting treatment is: debit: inventory goods and other accounts, tax payable - VAT payable (input tax), credit: accounts payable and other accounts.