How to calculate the input tax that can be deducted

It can be based on the local tax rate.

Output-Input) is derived from income excluding tax, so it can be based on the tax rate and output tax.

and income excluding tax to reverse input tax.

Target; Formula: Input VAT = (Income excluding tax * Tax Rate) - Output VAT.

How many input invoices need to be certified can be calculated according to the amount of output tax issued, in the simplest terms; If you need to pay VAT in the current month, you can certify and deduct a little less special invoice, and if you don't need to pay VAT in the current month, you can certify a little more special invoice.

Answer] The grains in agricultural products include wheat, rice, corn, sorghum, millet and other miscellaneous grains, as well as flour, rice, cornmeal, corn residue, etc. Grain replicas such as cut noodles, dumpling skins, wonton blunt skins, dough skins, and rice noodles. Quick-frozen food, instant noodles, non-staple foods, various cooked foods and starches processed with grain as raw materials do not belong to the scope of taxation of this goods, that is, they do not belong to the scope of grain.

Should companies buy tobacco leaves? 【Answer】For the tobacco tax paid by tobacco tax taxpayers in accordance with the regulations, the input VAT shall be allowed to be incorporated into the purchase price of tobacco products to calculate the input VAT and be deducted when calculating and paying VAT. That is, the input VAT creditable for the purchase of tobacco leaves shall be calculated in accordance with the tobacco purchase amount, tobacco tax and statutory deduction rate stipulated in the "Provisional Regulations of the People's Republic of China on Tobacco Leaf Tax" and the "Notice of the Ministry of Finance and the State Administration of Taxation on Several Specific Issues Concerning Tobacco Tax".

The amount of tobacco purchase includes the purchase price of tobacco leaves paid by taxpayers to tobacco sellers and the off-price subsidy, which is temporarily calculated at 10% of the purchase price of tobacco leaves.

Deductible input VAT: refers to the amount of input VAT that should be deducted from the output VAT after the tax amount incurred by the enterprise in the purchase of raw and auxiliary materials and the sale of products in the process of production and operation, when calculating the tax payable, referred to as input tax. Input tax is the tax incurred when purchasing goods, which can be offset with output tax.

Enterprise Income Tax Law of the People's Republic of China Article 3 Resident enterprises shall pay enterprise income tax on their income within and outside China. If a non-resident enterprise establishes an institution or place in China, it shall pay enterprise income tax on the income obtained by the institution or place in China, as well as the income that occurs outside China but has an actual connection with the institution or place it has established. If a non-resident enterprise has not established an institution or place in China, or if it has established an institution or place but the income obtained has no actual connection with the institution or place it has established, it shall pay enterprise income tax on its income in China.

For general VAT taxpayers, the input can be deducted if the special invoice is obtained, and the output tax is required for the special invoice issued. So which input taxes are deductible? How should the deductible input VAT be calculated?

What are the deductible input taxes?

According to Article 8 of the Provisional Regulations on Value-Added Tax, the following in-entry VAT is allowed to be deducted from the output tax:

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

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 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 11% shall be calculated unless otherwise specified. The formula for calculating input tax: input tax = purchase price deduction rate.

4) The amount of VAT indicated on the tax payment voucher for the withholding and payment of tax obtained from the tax authorities or withholding agents for the purchase of labor services, services, intangible assets or immovable property within the territory of China purchased from overseas entities or individuals.

How is the deductible input VAT calculated?

Input VAT refers to the amount of VAT paid for the purchase of goods or taxable services in the current period. In the calculation of the enterprise, the figure after deducting the input tax from the output tax is the VAT payable by the front bureau. Therefore, the size of the input tax is directly related to the amount of tax paid.

Generally, the following formula is used in the calculation process of financial statements:

Input VAT = (purchased raw materials, fuel, power) * tax rate.

Input VAT is the money that has been paid and is debited when the accounting entries are prepared.

The formula for calculating input tax: input tax = purchase price and deduction of the macro rate.

Section 8 of the VAT Ordinance provides that the following input VAT is allowed to be deducted from output VAT:

1. The VAT amount indicated on the special VAT invoice obtained from the seller.

2. The amount of VAT indicated on the special payment letter for customs import VAT obtained from the customs.

3. For the purchase of agricultural products, in addition to obtaining the special VAT invoice or the special payment certificate for customs import VAT, the input tax shall be calculated according to the purchase price of agricultural products indicated on the lead invoice or sales invoice for the purchase of agricultural products and the deduction rate of 13%. The formula for calculating input tax: input tax = purchase price deduction rate.