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What are VAT and stamp duty? What is the general invoice tax rate for the catering industry?
Value-added tax is a kind of turnover tax levied on units and individuals who sell goods, import goods and provide processing, repair and replacement services within the territory of China. The tax is calculated according to the sales of goods, the amount of imported goods and the sales of taxable services, and the tax deduction system is implemented. Units and individuals that sell goods or provide processing, repair and replacement services and import goods within the territory of China are VAT taxpayers and must pay VAT according to law.

Stamp duty is a tax levied on documents signed and received in economic activities and economic exchanges. All domestic enterprises, institutions, organizations, armed forces, Sino-foreign joint ventures, cooperative enterprises, foreign-funded enterprises, foreign companies, enterprises and other economic organizations and their institutions in People's Republic of China (PRC) who issue and collect the vouchers listed in the Regulations in People's Republic of China (PRC) are all taxpayers of stamp duty.

The tax rate of Chinese catering industry in quota invoice is different from place to place (the standard of additional tax is different). The comprehensive tax rate for the purchase of catering in quota invoice from us is about 6.8%, subject to local standards.