The difference between the invoiced amount (operating income) of business tax taxable items after deducting the deductible cost invoice (operating cost) is multiplied by the relevant tax rate. (Note: This kind of enterprises are generally in the service industry, such as travel agencies, restaurants, and units recognized by the tax bureau that can refer to this industry category)
Business tax is levied on units and individuals that provide taxable services, transfer intangible assets and sell real estate with compensation. Taxable services include seven tax items such as transportation, construction, finance and insurance.
Business tax shall be calculated and paid according to the turnover, transfer amount and sales amount of taxable services or taxable acts at the tax rate prescribed by law. Except for the entertainment industry, the tax rate is 20% (billiards and bowling are 5%), and the tax rate of other tax items is 3% or 5%.
The tax payment period of business tax is generally 1 month, and taxpayers should declare and pay taxes within the collection period from 1 to 10 in the following month.
Extended data:
The turnover of business tax is generally determined according to the following principles:
(1) Turnover is the total price and other expenses charged by the taxpayer to the other party for providing taxable services. Out-of-price charges include fees, funds, collection fees, collection funds, prepaid funds and various out-of-price charges.
(2) Through positive listing, it is stipulated that some expenses of some projects can be deducted. For example, advertising fees paid by advertising companies to the media can be deducted, and tickets and transportation fees paid by travel agencies on behalf of tourists can be deducted.
(3) Where a taxpayer provides taxable services, transfers intangible assets or sells real estate at an obviously low price without justifiable reasons, the competent tax authorities have the right to verify its turnover in the following order:
(1) Approved according to the average price of similar taxable services provided by taxpayers or sales of real estate;
② Approved according to the average price of similar taxable services provided by taxpayers or similar real estate sold;
③ The taxable value is formed according to the following formula: taxable value = operating cost or engineering cost ×( 1+ cost profit rate) ÷( 1- business tax rate).
(4) When calculating the turnover, the foreign exchange income obtained by taxpayers should be converted into RMB at the foreign exchange market price. The RMB conversion rate of the turnover can choose the national foreign exchange quotation on the day when the turnover occurs or 1 day of the current month (in principle, it is the middle price).
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