Value-added tax It has changed again. This time the change is related to invoicing. Some time ago, the State Administration of Taxation issued the "Notice of the Ministry of Commerce and 17 other departments on several measures to revitalize automobile circulation and expand automobile consumption." It is clear that from October 1, 2022, this type of business can be reverse invoiced. What is the specific situation? Let’s take a look below.
This time the document mainly supports measures to expand automobile consumption such as the purchase and use of new energy sources and relaxing restrictions on second-hand car transactions. The content of the document is relatively long. The editor has summarized 3 key points worthy of attention based on tax-related content:
Key Point 1: Starting from October 1, 2022, when a registered car sales company purchases a second-hand car from a natural person, the company can reversely issue a unified invoice for used car sales, and use this to go through the transfer registration procedures. This move has greatly simplified the procedures compared to the previous process.
Point 2: Purchased second-hand cars need to be accounted for in accordance with the national unified accounting system, and accounted for according to the "inventory goods" subject.
Key point three: Starting from 2023, natural persons will sell used cars that have been held for less than 1 year in a calendar year, and the number of exceeds 3 (including 3 cars) or above. Relevant companies (that is, car sales companies, second-hand car trading markets, auction companies, etc.) cannot issue unified invoices for second-hand car sales.
The most noteworthy thing here is the reverse invoicing related to second-hand cars. The main purpose of this move is to smooth the transaction process of second-hand cars.
Now that second-hand car transactions have been mentioned, by the way, let’s talk about the treatment of value-added tax for second-hand car transactions. For details, the editor has made a mind map. Friends in need can collect and learn:
Many friends are not very clear about reverse invoicing. Next, let’s explain what reverse invoicing is? What are the circumstances under which reverse invoicing is possible?
What is reverse invoicing?
Reverse invoicing means that allows buyers to invoice sellers. According to the current invoice management method in , under normal circumstances, the seller invoices the buyer, but sometimes there are some special circumstances, in which case the buyer can invoice the seller.
So, under what special circumstances can the buyer invoice the seller?
Attention! ! !
These 5 situations can be reverse invoiced!
The first type: is mentioned above. Registered car sales companies can reversely issue a unified invoice for used car sales when purchasing second-hand cars from natural persons.
The second type: Purchasing units can use agricultural product purchase invoices to pay individual farmers when purchasing self-produced agricultural products.
The third type: The purchasing unit uses the waste material purchase invoice to purchase waste materials.
The fourth type: The withholding agent pays personal payments.
The fifth type: The State Grid Corporation of China purchases power products from power generators of distributed photovoltaic power generation projects, and the State Grid Corporation of China issues ordinary invoices.
If you have any tax questions, intellectual property rights and other related issues, you can discuss them in the comment area or ask me!
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