In order to promote automobile consumption, the Ministry of Finance and the State Administration of Taxation jointly issued the "Announcement on Value-added Tax Policy on Second-hand Car Distribution" (Announcement No. 17 of the Ministry of Finance and the State Administration of Taxation 2020), which clearly stated that from May 1, 2020 to December 31, 2023, taxpayers engaged in second-hand car distribution will be levied at 2% in the original simplified method according to the 3% levy rate, and will be levied at 0.5% levy.
How can taxpayers enjoy preferential policies after the policy adjustment? How to calculate the declaration of taxes? Please compare the following 7 questions and answers.
1. I am an individual business owner engaged in second-hand car distribution business in Hebei. Can I enjoy the value-added tax policy for used car distribution reduction implemented from May 1?
Answer: "Announcement of the Ministry of Finance and the State Administration of Taxation on Value-added Tax Policies on Used Car Distribution" (No. 17 of 2020) stipulates that from May 1, 2020 to December 31, 2023, taxpayers engaged in second-hand car distribution will be levied at 2% in the original simplified method based on the 3% levy rate, and will be levied at 0.5% levy.
The announcement clearly states that the target of enjoying the reduction of VAT policy is taxpayers engaged in second-hand car distribution. Therefore, whether it is an enterprise or an individual industrial and commercial household, whether it is a general VAT taxpayer or a small-scale taxpayer , as long as it is engaged in the acquisition of used cars and resale business, it can be levied at a 0.5% reduction in VAT rate according to the simplified method.
2. I am a second-hand car dealer in Shenzhen and am a general VAT taxpayer. I recently planned to sell a commuter car purchased in 2007 that the company used by itself. When the car was purchased, the fixed assets had not yet been included in the deduction scope, so the input tax was not deducted. Can our company sells this car? Can we calculate and pay VAT at a 0.5% levy rate according to the simple method?
Answer: "Announcement of the Ministry of Finance and the State Administration of Taxation on Value-added Tax Policies on Used Car Distribution" (No. 17 of 2020) stipulates that from May 1, 2020 to December 31, 2023, taxpayers engaged in second-hand car distribution will be levied at 2% in the original simplified method based on the 3% levy rate, and will be levied at 0.5% levy. According to the above provisions, taxpayers engaged in second-hand car distribution can only charge value-added tax at a 0.5% levy rate according to the simplified method if they sell the used cars they acquire. Your company sells commuter vehicles that you have used and does not belong to the used cars sold and acquired as stipulated in Announcement No. 17. The VAT policy cannot be applied to the 0.5% levy rate reduction.
According to the "Notice of the Ministry of Finance and the State Administration of Taxation on Several Issues Concerning the Implementation of Value-Added Tax Transformation and Reform of the National Value-Added Tax (Finance and Taxation [2008] No. 170), the "Notice of the Ministry of Finance and the State Administration of Taxation on the Policies for the Application of Low Tax and Simple Measures for the Application of Value-Added Tax (Finance and Taxation [2009] No. 9), and the "Notice of the Ministry of Finance and the State Administration of Taxation on the Policies for the Simplified Value-Added Tax Collection Rate" (Finance and Taxation [2014] No. 57), taxpayers who sell fixed assets they have used that have purchased or self-made or have not deducted input tax amounts before December 31, 2008 will be levied at 2% in accordance with the simplified Measures. Therefore, if you sell commuter vehicles purchased in 2007 and which have not been deducted from input tax, you can still apply the simple method to reduce the VAT at 2% reduction.
3. I am a used car brokerage company. Is there any change in the value-added tax policy for second-hand car sales?
Answer: Announcement of the Ministry of Finance and the State Administration of Taxation on Value-added Tax Policies on Used Car Distribution (No. 17 of 2020) focuses on the sales of used car business of taxpayers engaged in second-hand car distribution. The applicable VAT policies have not changed by taxpayers engaged in second-hand car brokers, the intermediary agency services provided by individuals, the sales of used cars they have used, etc.
In order to promote automobile consumption, the Ministry of Finance and the State Administration of Taxation jointly issued the "Announcement on Value-added Tax Policy on Second-hand Car Distribution" (Announcement No. 17 of the Ministry of Finance and the State Administration of Taxation 2020), which clearly stated that from May 1, 2020 to December 31, 2023, taxpayers engaged in second-hand car distribution will be levied at 2% in the original simplified method according to the 3% levy rate, and will be levied at 0.5% levy.
How can taxpayers enjoy preferential policies after the policy adjustment? How to calculate the declaration of taxes? Please compare the following 7 questions and answers.
1. I am an individual business owner engaged in second-hand car distribution business in Hebei. Can I enjoy the value-added tax policy for used car distribution reduction implemented from May 1?
Answer: "Announcement of the Ministry of Finance and the State Administration of Taxation on Value-added Tax Policies on Used Car Distribution" (No. 17 of 2020) stipulates that from May 1, 2020 to December 31, 2023, taxpayers engaged in second-hand car distribution will be levied at 2% in the original simplified method based on the 3% levy rate, and will be levied at 0.5% levy.
The announcement clearly states that the target of enjoying the reduction of VAT policy is taxpayers engaged in second-hand car distribution. Therefore, whether it is an enterprise or an individual industrial and commercial household, whether it is a general VAT taxpayer or a small-scale taxpayer , as long as it is engaged in the acquisition of used cars and resale business, it can be levied at a 0.5% reduction in VAT rate according to the simplified method.
2. I am a second-hand car dealer in Shenzhen and am a general VAT taxpayer. I recently planned to sell a commuter car purchased in 2007 that the company used by itself. When the car was purchased, the fixed assets had not yet been included in the deduction scope, so the input tax was not deducted. Can our company sells this car? Can we calculate and pay VAT at a 0.5% levy rate according to the simple method?
Answer: "Announcement of the Ministry of Finance and the State Administration of Taxation on Value-added Tax Policies on Used Car Distribution" (No. 17 of 2020) stipulates that from May 1, 2020 to December 31, 2023, taxpayers engaged in second-hand car distribution will be levied at 2% in the original simplified method based on the 3% levy rate, and will be levied at 0.5% levy. According to the above provisions, taxpayers engaged in second-hand car distribution can only charge value-added tax at a 0.5% levy rate according to the simplified method if they sell the used cars they acquire. Your company sells commuter vehicles that you have used and does not belong to the used cars sold and acquired as stipulated in Announcement No. 17. The VAT policy cannot be applied to the 0.5% levy rate reduction.
According to the "Notice of the Ministry of Finance and the State Administration of Taxation on Several Issues Concerning the Implementation of Value-Added Tax Transformation and Reform of the National Value-Added Tax (Finance and Taxation [2008] No. 170), the "Notice of the Ministry of Finance and the State Administration of Taxation on the Policies for the Application of Low Tax and Simple Measures for the Application of Value-Added Tax (Finance and Taxation [2009] No. 9), and the "Notice of the Ministry of Finance and the State Administration of Taxation on the Policies for the Simplified Value-Added Tax Collection Rate" (Finance and Taxation [2014] No. 57), taxpayers who sell fixed assets they have used that have purchased or self-made or have not deducted input tax amounts before December 31, 2008 will be levied at 2% in accordance with the simplified Measures. Therefore, if you sell commuter vehicles purchased in 2007 and which have not been deducted from input tax, you can still apply the simple method to reduce the VAT at 2% reduction.
3. I am a used car brokerage company. Is there any change in the value-added tax policy for second-hand car sales?
Answer: Announcement of the Ministry of Finance and the State Administration of Taxation on Value-added Tax Policies on Used Car Distribution (No. 17 of 2020) focuses on the sales of used car business of taxpayers engaged in second-hand car distribution. The applicable VAT policies have not changed by taxpayers engaged in second-hand car brokers, the intermediary agency services provided by individuals, the sales of used cars they have used, etc.
4. I am a second-hand car dealership company in Anhui. My main business is to acquire and sell second-hand trailers. Can I ask if the sales of second-hand trailers be levied at a reduced value-added tax of 0.5%?
Answer: Announcement of the Ministry of Finance and the State Administration of Taxation on Value-added Tax Policies on Used Car Distribution (No. 17 of 2020) stipulates that used cars refer to vehicles that trade and transfer ownership before completing the registration procedures until they meet the national mandatory scrapping standards. The specific scope is implemented in accordance with the second-hand car circulation management Measures issued by the commercial department of the State Council. The current "Regulations on the Management of Second-hand Cars' Circulation" stipulates that second-hand cars include cars, trailers and motorcycles.
So, if your company acquires and sells second-hand trailers, from May 1, 2020 to December 31, 2023, the simple method can be used to reduce the VAT collection rate by a 0.5% levy rate.
5. Our company is a general VAT taxpayer engaged in second-hand car distribution business. It is expected that the second-hand cars sold and acquired by our unit in May will achieve tax-inclusive sales of 1 million yuan. How should our company calculate sales and VAT taxable amount ?
Answer: Announcement of the State Administration of Taxation on Tax Collection and Management Matters such as Used Car Distribution" (No. 9 of 2020) stipulates that from May 1, 2020 to December 31, 2023, taxpayers engaged in second-hand car distribution business will be charged a value-added tax at a rate of 0.5%, and the following public Calculate sales:
Sales = tax-inclusive sales/(1+0.5%)
Therefore, the 1 million yuan tax-inclusive sales obtained by your company's second-hand cars sold and acquired is converted into tax-excluding sales of 995,000 yuan [=100/(1+0.5%)], and the calculated taxable amount is 4,975 yuan (=99.5×0.5%).
6. Our company is a general taxpayer engaged in second-hand car sales. The monthly sales of used cars are about 2 million yuan, and a unified invoice for used car sales is issued in accordance with regulations. After the release of the "Announcement of the Ministry of Finance and the State Administration of Taxation on Value-added Tax Policies on Used Car Distribution" (No. 17 of 2020), our company's business can apply the policy of levying a 0.5% levy rate. How should we make a VAT tax declaration?
Answer: "Announcement of the State Administration of Taxation on Tax Collection and Management Matters such as Used Car Distribution" (No. 9 of 2020) stipulates that general taxpayers engaged in second-hand car distribution business shall charge value-added tax at a rate of 0.5%. When processing VAT tax declaration, the sales of VAT levy at a rate of 0.5% shall be filled in "VAT tax return form attached information (I)" (details of sales in this period) "2. Simple tax calculation method to calculate tax" "goods and processing, repair and service with a 3% collection rate"; the corresponding value-added tax amount to be reduced shall be calculated at 2.5% of the sales amount in the "Taxable amount reduction" and "VAT tax return form (applicable to general taxpayers)" and the corresponding tax reduction items of the "VAT tax reduction and exemption return form" When filling out the "VAT Tax Reduction and Exemption Details Form", taxpayers should accurately select the tax reduction project code and accurately fill in the relevant columns such as the amount of the tax reduction project in this period.
Take May as an example. Assuming that your company's tax-exclusive sales in May were 2 million yuan, and the value-added tax policy was applied to the 0.5% levy rate, then your company should reduce the tax-exclusive sales of the value-added tax levy at a 0.5% levy rate by 2 million yuan, and fill in the "Attachment of Materials for the Value-added Tax Return (I)" (Sales Details of this Period) "3% levy rate of goods and processing, repair and repair services" in the 3rd column "issuance of other invoices" and "sales" in the 11th row of "3% levy rate of goods and processing, repair and repair services" List; the tax amount calculated at a 3% levy rate of 60,000 yuan (=200×3%) is filled in the 4th column of “issuance of other invoices” and “sales items (payable) tax amount” of “=200×2.5%) is collected; the tax amount of the value-added tax amount calculated at the sales amount corresponding to the reduction of the value-added tax return form (applicable to general taxpayers) is filled in the corresponding columns of the “Taxable amount reduction amount” of the “VAT tax return form (applicable to general taxpayers)” and the “VAT tax reduction and exemption return form”.
7. Our company is a small-scale VAT taxpayer declared quarterly in Guangdong Province, engaged in second-hand car distribution business.After the release of the "Announcement of the Ministry of Finance and the State Administration of Taxation on Value-added Tax Policies on Used Car Distribution" (No. 17 of 2020), our company's business can apply the policy of levying a 0.5% levy rate. It is estimated that sales in April will be 100,000 yuan, and sales in May and June will be 500,000 yuan, and a unified invoice for second-hand car sales will be issued in accordance with regulations. How should we make the second-quarter VAT tax declaration?
Answer: "Announcement of the State Administration of Taxation on Tax Collection and Management Matters such as Used Car Distribution" (No. 9 of 2020) stipulates that from May 1, 2020 to December 31, 2023, if a small-scale taxpayer engaged in second-hand car distribution business sells the second-hand car acquired by the second-hand car distribution and collects VAT at a rate of 0.5%, when processing the VAT tax declaration, the sales amount of VAT levy at a rate of 0.5% shall be filled in the corresponding column of the "VAT Tax Return Form (Applicable to Small-scale Taxpayers)" "VAT levy excluding sales (3% tax rate)"; the corresponding VAT tax amount levy shall be calculated at 2.5% of the sales amount in the "VAT Tax Return Form (Applicable to Small-scale Taxpayers)"; the corresponding VAT tax payable shall be calculated at 2.5% of the sales amount in the "VAT Tax Payment Form (Applicable to Small-scale Taxpayers)"; "Taxable tax reduction amount for this period" and the corresponding columns of the "VAT Reduction and Exemption Return Details" tax reduction items. When filling out the "VAT Tax Reduction and Exemption Details Form", taxpayers should accurately select the tax reduction project code and accurately fill in the relevant columns such as the amount of the tax reduction project in this period.
Considering that the above-mentioned reduction in the VAT tax at a rate of 0.5% will be implemented in May, taxpayers' sales in April can be reduced to 1% tax rate according to the policy of small-scale taxpayers' resumption of work and business. Therefore, when your company handles the second quarter VAT tax declaration, it should fill in the "goods and services" and "number of this period" of "VAT tax return (applicable by small-scale taxpayers)" in the "VAT tax exemption (3% tax rate)" in the first line of "VAT tax payments that are subject to VAT tax (3% tax rate)" and the taxable amount calculated at a rate of 3% is 1. 80,000 yuan (=60×3%), fill in the columns of "Taxable amount for this period", "goods and services" and "number of this period" in line 15; the tax amount reduced by 14,500 yuan (=10×2%+50×2.5%) will be 14,500 yuan (=10×2%+50×2.5%), fill in the columns of "Taxable amount for this period", "goods and services", "number of this period" in line 16 and the corresponding columns of the "VATT tax reduction and exemption declaration form" in the columns of "Detailed Table of Value-added Tax Reduction and Exemption Detailed Table" in line 20 of the declaration form. It should be noted here that when taxpayers fill out the "VAT Tax Reduction and Exemption Details Form", they should distinguish the tax reduction item codes corresponding to the 1% tax collection rate in April and the 0.5% tax collection rate in May, and fill in the accurate report.
You can view the central policies, policy interpretations, policy questions and answers, local policies and answers related to epidemic prevention and control for free through the special bank of "Anti-epidemic Tax Policies and Q&A" launched by China Taxation News Agency. Scan the QR code below to enter the special bank↓
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Source: State Administration of Taxation WeChat
Editor: Zhang Yue (010) 61930078
After the release of the "Announcement of the Ministry of Finance and the State Administration of Taxation on Value-added Tax Policies on Used Car Distribution" (No. 17 of 2020), our company's business can apply the policy of levying a 0.5% levy rate. It is estimated that sales in April will be 100,000 yuan, and sales in May and June will be 500,000 yuan, and a unified invoice for second-hand car sales will be issued in accordance with regulations. How should we make the second-quarter VAT tax declaration?Answer: "Announcement of the State Administration of Taxation on Tax Collection and Management Matters such as Used Car Distribution" (No. 9 of 2020) stipulates that from May 1, 2020 to December 31, 2023, if a small-scale taxpayer engaged in second-hand car distribution business sells the second-hand car acquired by the second-hand car distribution and collects VAT at a rate of 0.5%, when processing the VAT tax declaration, the sales amount of VAT levy at a rate of 0.5% shall be filled in the corresponding column of the "VAT Tax Return Form (Applicable to Small-scale Taxpayers)" "VAT levy excluding sales (3% tax rate)"; the corresponding VAT tax amount levy shall be calculated at 2.5% of the sales amount in the "VAT Tax Return Form (Applicable to Small-scale Taxpayers)"; the corresponding VAT tax payable shall be calculated at 2.5% of the sales amount in the "VAT Tax Payment Form (Applicable to Small-scale Taxpayers)"; "Taxable tax reduction amount for this period" and the corresponding columns of the "VAT Reduction and Exemption Return Details" tax reduction items. When filling out the "VAT Tax Reduction and Exemption Details Form", taxpayers should accurately select the tax reduction project code and accurately fill in the relevant columns such as the amount of the tax reduction project in this period.
Considering that the above-mentioned reduction in the VAT tax at a rate of 0.5% will be implemented in May, taxpayers' sales in April can be reduced to 1% tax rate according to the policy of small-scale taxpayers' resumption of work and business. Therefore, when your company handles the second quarter VAT tax declaration, it should fill in the "goods and services" and "number of this period" of "VAT tax return (applicable by small-scale taxpayers)" in the "VAT tax exemption (3% tax rate)" in the first line of "VAT tax payments that are subject to VAT tax (3% tax rate)" and the taxable amount calculated at a rate of 3% is 1. 80,000 yuan (=60×3%), fill in the columns of "Taxable amount for this period", "goods and services" and "number of this period" in line 15; the tax amount reduced by 14,500 yuan (=10×2%+50×2.5%) will be 14,500 yuan (=10×2%+50×2.5%), fill in the columns of "Taxable amount for this period", "goods and services", "number of this period" in line 16 and the corresponding columns of the "VATT tax reduction and exemption declaration form" in the columns of "Detailed Table of Value-added Tax Reduction and Exemption Detailed Table" in line 20 of the declaration form. It should be noted here that when taxpayers fill out the "VAT Tax Reduction and Exemption Details Form", they should distinguish the tax reduction item codes corresponding to the 1% tax collection rate in April and the 0.5% tax collection rate in May, and fill in the accurate report.
You can view the central policies, policy interpretations, policy questions and answers, local policies and answers related to epidemic prevention and control for free through the special bank of "Anti-epidemic Tax Policies and Q&A" launched by China Taxation News Agency. Scan the QR code below to enter the special bank↓
You can use the special bank to "Anti-epidemic
Source: State Administration of Taxation WeChat
Editor: Zhang Yue (010) 61930078
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