Friday, November 25, 2011

Shanghai will pilot modified business tax VAT to five-year extension to the national

Guangzhou Beijing October 18 (reporter Dan Liang Ji Suping Shandong reporters) according to the voice of China reported that when it comes to tax cuts, I'm afraid no one will be denied.  In September of this year from the new tax levy started, had everyone cheering for a short time. since yesterday, and to start the pilot reform of a policy of tax cuts. Sales tax will lead to double taxation of transport industry most notably yesterday, the Ministry of finance and State administration of taxation announced, clearly from January 1 next year, in part of the Shanghai municipal transportation and modern service industry tax levying sales tax pilot. This is a major reform of goods services tax system in China. "  Tax levying VAT ", sounds like some professional, why this is tax cuts? and we the people have to do with it? Sales tax turnover multiplied by the appropriate tax rate to calculate, business tax biggest drawbacks is that circulation is satisfied that the goods every time taxes would lead to double taxation, which at the time of
Embodied in the transport industry is particularly evident, which is why pilot industries of transportation became the tax reform.  We take the case of a transport enterprise: transportation: vehicle investment, local train travelling at around 300,000, my car is a car at around 700,000, investment, cost is not high?  Actually this enterprise in purchased this vehicles car Shi, 700,000 of car paragraph in has contains has 17% of VAT, if said a years in the, he using this vehicles car income 200,000, in pilot zhiqian, he needs by 200,000 of must proportion paid business tax, in pilot zhihou, he will only needs paid VAT, and he purchased car Shi paid of tax is can arrived in buckle he should paid of increased means tax. such on avoid has repeat tax. Company Replica Furla Handbags head admits tax cuts also benefit consumers: enterprises: relief is not a province of money on the car, but to save money on transportation costs from reduced, I can
On the price of vegetables to downgrade, from fresh agricultural products price decline, Replica Furla Handbags ultimately province consumers money. Business tax modified levy VAT strive to in five years within promotion to national currently world has has more than 170 multiple national and area levy has VAT, tax range most covering all goods and labor. and in we Replica Furla Handbags national, some commodity levy VAT some commodity levy business tax. Treasury and national tax General also said, business tax modified levy VAT strive to in five years within gradually promotion to national. national tax general tax Science Institute, Director Replica Furla Handbags of Liu Zuo: Liu Zuo:  VAT uniform taxation of goods and services throughout the world there is no negotiation. China just in the past on the basis of a stage in the process of gradual reform, taxing goods and services must be consolidated in the future. Replica Furla Handbags Although reform was clear, but the road is tortuous. sales tax collected by the internal revenue service is responsible for now, 75% for tax revenue
Central financial revenues, 25% for local income. business taxes are local taxes, collected by the local Replica Furla Handbags tax Bureau is responsible for, all local revenue. therefore, in order to answer to pilot local government concern, document special provisions, the pilot during the tax revenue of the original experimental areas of belonging, after levying sales tax revenues are still vested in the pilot regions ".  The Chinese people's University Professor Zhu Qing: from management technology, of course, should be collected by the internal revenue service, but the sales tax is the largest tax, if fully pushed in the future, a large business for state tax administration of local taxation Bureau, which will involve changes of personnel, and that these tubes are rent charge, internal revenue service is not cooked. Author: Ji Suping Shandong single on media_span_url (''http://www.CNR.CN/China/Yaowen/201111/t20111118_508796980.shtml'

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