Second-hand car trading markets, second-hand car dealerships, brokerage agencies and auction companies should issue unified invoices for second-hand car sales through the new value-added tax invoice management system.

Recently, the State Administration of Taxation issued the "Announcement on Several Matters Concerning the Management of Value-Added Tax Invoices" (State Administration of Taxation Announcement No. 45 of 2017, hereinafter referred to as "Announcement No. 45"), which mentioned that since April 1, 2018 Starting from 2020, second-hand car trading markets, second-hand car dealerships, brokerage agencies and auction companies must issue unified invoices for second-hand car sales through the new value-added tax invoice management system.

"The authenticity of second-hand car sales invoices can be verified through management, which means that the past and present life of a second-hand car can be queried through the Internet, which will help promote a more transparent and standardized development of the industry." Wang Qiang, member of the expert committee of the China Automobile Dealers Association, commented. explain.

The new regulations will be implemented from April next year.

The announcement clarifies that from April 1, 2018, second-hand car trading markets, second-hand car dealerships, brokerage agencies and auction companies should issue unified second-hand car sales through the new value-added tax invoice management system. bill. Second-hand car trading markets, second-hand car dealerships, brokerage agencies and auction companies shall issue separate VAT invoices for other fees collected during the transfer procedures.

Li Bing, an expert from the China Automobile Dealers Association, explained that before this, the issuance of unified invoices for second-hand car sales was based on the requirements of the State Administration of Taxation's "Notice on Unifying the Style of Second-hand Car Sales Invoices" (Guo Shui Han [2005] No. 693). Different from the invoicing of general VAT invoice and special VAT invoice , the issuance of unified invoice for used car sales has its own invoicing system.

Although Guo Shui Han [2005] No. 693 also stipulates that second-hand car dealers can issue a unified invoice for second-hand car sales, some local public security agencies require that only a second-hand car sales unified invoice issued by a second-hand car trading market can be used to transfer ownership, resulting in some areas After a second-hand car dealership company issues a unified invoice for second-hand car sales, it has to go to the local second-hand car trading market to issue another unified invoice for second-hand car sales. Each time it is issued, a certain handling fee is required. This situation not only brings inconvenience to the invoicing work of second-hand car dealers selling second-hand cars, but also increases expenses.

After the “business tax to value-added” reform, the State Administration of Taxation implemented a new value-added tax invoice management system. “Announcement No. 45” requires that unified invoices for second-hand car sales, like other value-added tax invoices, be unified and issued on one platform of the new value-added tax invoice management system. .

You can check the transaction time and location

Li Bing said that after the new regulations, the unified invoice for second-hand car sales will be included in the value-added tax invoice management system. After the new system is issued, the tax authorities will supervise the second-hand car sales invoicing business in a more timely and strict manner; units and individuals can Log in to the national VAT invoice inspection platform to inspect the unified invoice information for second-hand car sales issued by the new VAT invoice management system. At the same time, the improvement of the invoice supervision and management function can encourage various second-hand car trading entities, especially the second-hand car trading market, to further standardize invoicing behavior, survive the fittest, and regulate enterprises to further grow.

"In the past, second-hand car trading was only a market segment, and invoices issued in different places were different and not connected to each other. However, after the implementation of the new regulations, public inquiries can be made through the VAT invoice management system. In theory, you can know a second-hand car in the future. The past and present life of the car, such as where, when and how many times it was traded, etc.," said Wang Qiang, a member of the expert committee of the China Automobile Dealers Association.

Although the new rules and regulations have not yet been released, Lin Weiyuan, general manager of Guangzhou Zhuoyou Auto, which is engaged in second-hand car trading services, is also looking forward to it. He said that some second-hand car transactions previously adopted "point-to-point transactions" compared with auction companies, distribution companies, etc. The transaction requires a few points less tax, which is generally unfair to enterprises. In the future, with the implementation of new regulations, the second-hand car trading market will be made more transparent and standardized.

It is worth mentioning that currently, the second-hand car market is ushering in new development opportunities. Data from the China Automobile Dealers Association shows that in the first 10 months of this year, the cumulative transaction volume of domestic second-hand cars exceeded 10 million units, a year-on-year increase of 20.52%, and the cumulative transaction volume was 666.06 billion yuan, a year-on-year increase of 40.45%. Among them, 1.0953 million vehicles were traded in September, setting a record high since 2017.

Li Bing said that the "Announcement No. 45" of the State Administration of Taxation only adjusted the management system of unified invoices for second-hand car sales, and did not involve changes in the value-added tax policy for second-hand car sales, tax calculation methods, and tax rates ( collection rate ) The previous policy still applies.

【South + Gao Xiaoping】