How taxpayers should pay taxes when selling their used cars is a concern for many companies. Cars used by taxpayers are divided into cars that are subject to consumption tax and cars that are not subject to consumption tax. However, whether they are cars that are subject to consumption tax or not, they are subject to purchase time as the judgment criteria when they are sold. This article sorts out relevant tax regulations for taxpayers' reference.
Purchase time: before August 1, 2013
Sales time: before July 1, 2014
Tax calculation method: 4% collection rate halved according to the simplified method. Policies: Article 10, item (4) of the Interim Regulations on Value Added Tax, stipulate that the input tax amount of taxpayers' own consumption goods stipulated by the State Council’s financial and tax authorities shall not be deducted from the sales tax amount amount. Article 2, item (1) of Article 2, item (1) of the Ministry of Finance and the State Administration of Taxation on the Policies for the Collection of Value-Added Tax by Some Goods (No. 9, Finance and Taxation [2009]) stipulates that general taxpayers who sell fixed assets that they have used that are not deductible and have not deducted input tax amounts stipulated in Article 10 of the Regulations shall be levied at half the 4% levy rate according to the simplified method.
Example: On May 18, 2014, the company sold a car that was levied on consumption tax. The purchase time of the vehicle was June 13, 2012, with a book value of 285,000 yuan, a total of 129,000 yuan in depreciation, and the sales revenue was 98,800 yuan. The value-added tax that should be paid for this business is 98800÷ (1+4%)×4%÷2=1900 (yuan)
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Purchase time: before August 1, 2013
Sales time: after July 1, 2014
Tax calculation method: VAT is 2% utilised according to the simplified method
Policy basis: Article 1, paragraph 1 of the "Notice of the Ministry of Finance and the State Administration of Taxation on the Simplified Value-Added Tax Collection Rate Policy" (Finance and Taxation [2014] No. 57) stipulates that from July 1, 2014, the "VAT is 2% utilised according to the simplified method utilised according to the simplified method" is adjusted to "VAT is 2% utilised according to the simplified method utilised according to the simplified method".
Example: On July 18, 2014, the company sold a car that was subject to consumption tax. The purchase time was June 13, 2012, with a book value of 285,000 yuan, a total of 138,000 yuan in depreciation, and a revenue of 98,800 yuan was obtained for sale. The value-added tax that should be paid for this business is 98,800÷ (1+3%) × 2% = 1918.45 (yuan).
Purchase time:
After August 1, 2013 Sales time:
sold after use Tax calculation method: VAT is levied at the applicable tax rate.
Policy basis: Article 1 of the "Notice of the Ministry of Finance and the State Administration of Taxation on the Pilot Tax Policy for the Transportation Industry and Some Modern Services Business Tax Reform Value-added Tax in the Country" (Finance and Taxation [2013] No. 37) stipulates that, with the approval of the State Council, the pilot reform of the Transportation Industry and Some Modern Services Business will be carried out nationwide from August 1, 2013. Article 1, (9) of the Annex 2 of the Notice stipulates that the general taxpayer who purchases or self-made fixed assets purchased or manufactured by themselves after the date of the pilot implementation of the pilot in the region that they have used shall be levied at the applicable tax rate. Article 2, Item (I), Item 2 stipulates that the input tax amount of motorcycles, cars, and yachts that are subject to consumption tax used by the original general taxpayer of value-added tax shall be deducted from the output tax amount.
"Notice of the Ministry of Finance and the State Administration of Taxation on Including Railway Transportation and Postal Industry in the Pilot Project of Business Tax Reform Value-added Tax" (Finance and Taxation [2013] No. 106) Appendix 2 "Provisions on Matters Related to the Pilot Project of Business Tax Reform Value-added Tax" Article 1 (8) stipulates that from January 1, 2014, general taxpayers will purchase or make their own fixed assets after the date of the pilot implementation of the pilot project in the region that they have used (inclusive), and will collect value-added tax at the applicable tax rate, which continues the provisions of Document No. 37 of Finance and Taxation [2013].
Therefore, taxpayers who sell cars that are subject to consumption tax purchased after August 1, 2013, regardless of whether they obtain input deduction invoices when purchasing, and whether they have deducted input tax, value-added tax shall be levied at the applicable tax rate.
Example: On July 18, 2014, the company sold a car that was subject to consumption tax on its own. The vehicle was purchased on September 13, 2013, with a book value of 285,000 yuan, and the sales revenue was 190,000 yuan. The value-added tax that should be paid for this business is 190,000÷ (1+17%) × 17% = 27,607 (yuan).
Purchase time: before January 1, 2009
Sales time: before July 1, 2014
Tax calculation method: 4% levy value-added tax hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy hierarchy
Example: The company purchased a dump truck in July 2008, with the original price of 850,000 yuan, and a total depreciation of 810,000 yuan was set aside. It was sold in June 2014, with an income of 31,200 yuan. The value-added tax that should be paid for this business is 31200÷ (1+4%) × 4%÷2=600 (yuan).
Purchase time: before January 1, 2009
Sales time: after July 1, 2014
Tax calculation method: VAT is levied at 2% at a 3% levy rate according to the simple method.
Policy basis: Article 1, paragraph 2 of Document No. 57 of Finance and Taxation [2014] stipulates that from July 1, 2014, the "value-added tax is levied at half the levy rate at the 4% levy rate" in Article 4, Items (2) and (3) of Document No. 170 of Finance and Taxation [2008] will be adjusted to "value-added tax is levied at 2% according to the simplified method according to the 3% levy rate."
Example: The company purchased a dump truck in July 2008, with the original price of 850,000 yuan, and a total depreciation of 810,000 yuan was set aside. It was sold on July 20, 2014, and earned 31,200 yuan. The value-added tax payable for this business is 31200÷ (1+3%) × 2% = 605.83 (yuan).
Purchase time:
After January 1, 2009 Sales time:
sold after use Tax calculation method: VAT is levied at the applicable tax rate.
Policy basis: Article 4 of Document No. 170 of Finance and Taxation [2008], taxpayers shall collect value-added tax at the applicable tax rate regardless of whether they have obtained input deduction invoices when purchasing or self-made, and whether they have deducted input tax amounts.
Tax declaration
Since July 1, 2014, for taxpayers levied under simplified measures, the VAT tax declaration only involves the issue of levying value-added tax at 2% at a rate of 3%.
Policy basis: "Announcement of the State Administration of Taxation on Adjusting Matters Related to Value-Added Tax Tax Return" (Announcement of the State Administration of Taxation 2013 No. 32) Appendix 2 " Value-added Tax Tax Return (Applicable to General Taxpayers)" and its accompanying information filling instructions (hereinafter referred to as the "Filling Instructions") stipulates that the "Attachment of Materials (I) of the Value-added Tax Return" line 8 to line 12 "2. Simple Tax Calculation Methods Tax Calculation Methods" and "All Tax Calculation Items", each line, fill in all the tax items that calculate value-added tax according to the simplified tax calculation method according to different collection rates and items.
Sales volume fill in
Article 2 (19) of the "Filling Instructions" stipulates that in the "VAT Tax Return Form (Applicable to General Taxpayers)" "Sales Taxed in accordance with the simplified tax method" in the "Taxed Sales in accordance with the simplified tax method" fill in the taxpayer's sales of the value-added tax based on the simplified tax method in this period, including tax inspection and adjustments to calculate the sales of the value-added tax based on the simplified tax method.
Taxable amount Fill in
Article 2 (35) of the "Filling Instructions" stipulates that the "VAT Tax Payable Calculation Method for Simple Tax Calculation" in the "VAT Tax Return (Applicable to General Taxpayers)" Column 21 "Taxable Amount Calculation Method calculated by the Simple Tax Calculation Method" reflects the amount of value-added tax calculated by the taxpayer in this period according to the Simple Tax Calculation Method, but does not include the tax amount to be paid for by the Tax Check for the tax check.
Fill in the tax amount reduction
Article 2, item (37) of the "Fill instructor" stipulates that in the "VAT Tax Return (Applicable to General Taxpayers)" "Taxable amount reduction" in the "Taxable amount reduction" of the taxpayer in this period, fill in the taxable amount that the taxpayer reduces in accordance with the tax law. It includes special equipment costs for VAT control systems and technical maintenance fees that can be fully deducted from the VAT tax payable in accordance with regulations.
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