The VAT rate in July 1st four and third gear to reduce the tax burden through the price transmission to benefit residents
Is next Saturday (July 1st) on the eve of the degenerate rate of VAT policy will be formally implemented, yesterday (June 21st), the State Administration of taxation income tax division Deng Yong, goods and services tax department deputy director Lin Feng guest GOV.cn, introduced six tax policies related to the implementation of.
In the formal implementation of new value-added tax, the original sales or import goods to which the tax rate of 13% will be reduced to 11%, involving agricultural products, natural gas, salt, books and other 23 categories of products; in addition, according to the agricultural products processing enterprises 17% tax rate of the purchase of agricultural products to maintain the original deduction of the same intensity, avoid tax increases.
Lin Feng said, in order to achieve value-added tax neutral target, the universal pursuit of more concise value-added tax, and tax rates, reducing benefits and in broadening the tax base has become a trend and the mainstream of the development of international tax system.
The basic living cost of residents can be reduced
The most direct effect on the taxpayer is the reduction of tax burden. Taking Guangzhou as an example, the preliminary estimates, the new deal will benefit 25 thousand households in Guangzhou City taxpayers, mainly concentrated in wholesale and retail, the estimated annual burden of 501 million yuan for the taxpayers, contribute to the enhancement of enterprises to expand the power of development, and the formation of conduction effect, promote the economic development.
Related industries directly enjoy the tax cuts to reduce the positive. Guangzhou Dongxing agricultural products processing Co. Ltd. is mainly engaged in nuts agricultural products processing, wholesale business, the legal representative Cao Yingcai told reporters: "the new policy canceled 13% value-added tax rate, the tax rate of 13% for the goods, the applicable tax rate of 11%. The company expects the second half of 2017 revenue of 15 million yuan, according to the provisions of this policy, the amount of contrast to adjust the tax rate directly before a decrease of 300 thousand yuan."
After the VAT rate is reduced, the effect of tax reduction will eventually be transmitted to the end consumption, which will make consumers enjoy tangible benefits. The tax rate on gas sales has dropped from 13% to 11%, and our company can save about 500 thousand yuan this year." Guangzhou New Austrian Gas Co., Ltd. financial leader Lu Duqiang revealed.
PWC Chinese tax and business consulting partner Xu Xiaoyang to the "daily economic news" reporter said, for the gas sales company, in the long run, because of the decline in corporate tax burden and upstream price space, help to reduce the gas sales company operating costs, improve efficiency; on the other hand, the gas sales company is often the public gas the supplier, is closely related with people's daily life rate reduction through the conduction mechanism, market price, can reduce the cost of residents to buy basic necessities of life.
Consolidated tax rates create a fair environment
A number of experts interviewed by the reporter said that the VAT rate is the trend of the times.
Lin Feng introduced, replacing business tax with value-added tax(VAT) pilot before, 17% and 13% in two tranches of tax value-added tax in China (excluding zero tax rate, the same below); replacing business tax with value-added tax(VAT) pilot process, according to the pilot industry sales and construction costs, reduce the tax burden of the pilot industry based on the new 11% and 6% grade two the tax rate increased to four, the rate of grade. The coexistence of the four tax rates leads to the complexity of the tax system, which may lead to the phenomenon of "high, low and low" and "low" and "high deduction", thus inhibiting the neutral role of value-added tax.
He added that the proposed idea of "four and three tax rate optimization", namely the abolition of the 13% tax rate, the tax rate of 11% to 17%, and simple structure, 6% third. The main consideration is: 13% tax rate is mainly suitable for agricultural products, books, newspapers, magazines and other closely related with the livelihood of the consumer goods, means of agricultural production such as chemical fertilizers and pesticides, and cancel this file rate down to 11%, reflecting the state tax on agriculture, livelihood support.
Xu Xiaoyang told reporters, replacing business tax with value-added tax(VAT) since last May 1st after the full implementation, in addition to the specific taxable income subject to zero tax rate, there are four VAT rate, multi file rate set in full consideration of the differences between different taxable behavior, but also bring difficulties for the collection and management of tax compliance and tax authorities of the executive.
She believes that with the implementation of the new deal, the VAT rate by three to four tranches of tax degenerate, help to further reduce the tax burden of enterprises, to create a more concise and transparent and fair tax environment.