How to translate VAT to English and what does VAT mean

VAT to replace the business tax with a value-added tax

tax is pronounced in French [t ks] American [t ks]1, nTax; Tax.

2、v.Right....Tax; Taxation.

make taxes paid; payment of vehicle licence tax; to carry heavy burdens; stress; Makes it nerve-wracking.

Phrases: 1. value-added tax.

2. Tax planning.

3. Tax collection taxation; Taxation and taxation.

4. export tax.

5. Tax evasion.

The meaning is as follows:"Replacing business tax with value-added tax" means that the taxable items that were previously subject to business tax are changed to pay VAT. The Ministry of Finance and the State Administration of Taxation stipulate that from May 1, 2018, the pilot project of replacing business tax with value-added tax will be fully launched nationwide.

The real estate industry was included in the scope of the pilot, and the purchase and sale of second-hand houses was changed from paying business tax to paying value-added tax. If the property right is changed after May 1, 2018, VAT shall be paid, and no business tax shall be paid.

Impact of VAT Reform:After replacing business tax with value-added tax", the business tax will be changed to value-added tax. The main types of taxes that need to be paid for the sale and purchase of second-hand houses have been:

Value Added Tax, Deed Tax, Individual Income Tax, Stamp Duty, Land Appreciation Tax. Except for stamp duty, all other taxes are tax-excluded**. The tax basis for the tax is the amount contained in the contract, and if the contract indicates the house price and value-added tax, the stamp duty shall be levied according to the listed house price.

Most of the policy disadvantages are translated, but there are specific provisions on who is the tax base for online signing and verification, that is, according to the principle of which is higher: who is higher per square meter of online signing ** and approved ** who takes who is the base, when the two are the same, take the online signing price.

Replacing business tax with value-added tax refers to the change of business tax to value-added tax, and the taxable items that were previously subject to business tax are changed to value-added tax. Units and individuals that sell goods or processing, repair and repair services, sell services, intangible assets, immovable property and imported goods within the territory of China are VAT payers.

[Legal basis].Article 1 of the Provisional Regulations of the People's Republic of China on Value-Added Tax.

Units and individuals that sell goods or processing, repair and repair services (hereinafter referred to as labor services), sell services, intangible assets, unknown movable property and imported goods within the territory of the People's Republic of China are taxpayers of Liangzao VAT and shall pay VAT in accordance with these Regulations.

Article 5. In the event of taxable sales by a taxpayer, the VAT amount collected shall be calculated according to the sales amount and the tax rate specified in Article 2 of these Regulations, which shall be the output tax. The formula for calculating output tax: output tax = sales tax rate.

Summary. The full name of replacing business tax with value-added tax is to change business tax to value-added tax, which means that the taxable items that previously paid business tax were changed to pay value-added tax. Replacing business tax with VAT can reduce double taxation, promote a better virtuous circle in society, and help enterprises reduce their tax burden.

The full name of replacing business tax with value-added tax is to change business tax to value-added tax, which means that the taxable items paid before the loss of business tax are changed to value-added tax. Replacing business tax with VAT can reduce double taxation and promote the formation of a better virtuous circle in society, which is conducive to reducing the tax burden of enterprises.

The scope of the VAT reform is mainly related to the transportation industry and some modern service industries. 1.The transportation industry includes: land transportation, water transportation, air transportation, and pipeline transportation.

2.Modern service industries include: R&D and technical services, information technology services, cultural and creative services, logistics auxiliary services, tangible movable property leasing services, and assurance consulting services.

Hello, replacing business tax with value-added tax refers to the change of business tax to value-added tax, also known as value-added tax reform. To put it simply, the business tax is abolished and replaced by value-added tax, that is, enterprises only need to pay value-added tax and no longer pay business tax. The aim of this reform is to simplify the tax system, reduce the tax burden on enterprises, improve the business environment, and promote economic development.

Before the VAT reform, China's taxation of goods and services was to levy business tax and value-added tax respectively, but after the VAT reform, due to the abolition of the business and grinding tax, VAT became the only goods and services tax. The rate of business tax is as high as 3% to 20%, while the rate of VAT is only 17%. Therefore, this reform effectively reduces the tax burden rate of enterprises and improves tax efficiency.

Summary. Hello! Dear, I'm glad to answer your <>

Replacing business tax with value-added tax refers to a tax reform policy that replaces business tax with value-added tax. Previously, businesses and individual businesses in China were required to pay business tax, but on May 1, 2016, the business tax was abolished and replaced by value-added tax. Value-added tax (VAT) is a consumption tax levied according to the value-added amount of goods and services, and unlike business tax, VAT is levied through the difference in tax rates, which is relatively simple and clear, and has a wider scope of application.

What does VAT mean?

Hello! Dear, I'm glad to answer for you<> replacing business tax with value-added tax refers to a tax reform policy of replacing business tax with value-added tax. Previously, businesses and individual businesses in the country were required to pay business tax, but on May 1, 2016, the business tax was abolished and replaced by value-added tax.

Value-added tax (VAT) is a consumption tax levied on the value-added of goods and services, and unlike business tax, VAT is levied through the difference in tax rates.

The purpose of replacing business tax with VAT is to reduce the tax burden on enterprises and promote the development of enterprises. Through the reform of the tax system, the cost pressure of the enterprise has been reduced, the market vitality has been improved, and economic growth and structural upgrading have been promoted. At the same time, replacing business tax with VAT will also help standardize tax collection and management, and improve tax transparency and fairness.

Summary. Hello dear, the full name of replacing business tax with value-added tax is business tax to value-added tax, which refers to the change of taxable items that previously paid business tax to value-added tax. Replacing business tax with VAT can reduce double taxation.

The full name of the VAT reform is changed to business tax to VAT, which refers to the change of taxable items that previously paid business tax to VAT. Replacing business tax with VAT can reduce double taxation and loose judgments.

Hello dear, the scope of the VAT reform, the business tax to VAT mainly involves the transportation industry and some modern service industries; The transportation industry includes: land transportation, water transportation, air transportation, and pipeline transportation. The modern service industry includes:

R&D and technical services, information technology services, cultural and creative services, logistics auxiliary services, tangible movable property leasing services, and assurance consulting services.