A: There is no clear definition of life service industry under the current turnover tax system. It is generally understood as services closely related to residents' daily consumption, including catering, hotels, education, tourism, domestic service, hairdressing and beauty industry, medical care, various agency services and other formats.
What is the latest tax exemption policy for life service industry in 2020?
Announcement of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Supporting Tax Policies Related to Prevention and Treatment of Pneumonia in novel coronavirus (Announcement No.8 of State Taxation Administration of The People's Republic of China, Ministry of Finance, 2020) stipulates that the income obtained by taxpayers from providing living services shall be exempted from value-added tax from June 5438+ 10/day.
The specific scope of living services is implemented with reference to Notes on Sales Services, Intangible Assets and Real Estate (Caishui [2065438+06] No.36).
According to Article 21 of the Provisional Regulations on Value-added Tax in People's Republic of China (PRC), no special VAT invoice shall be issued for taxable sales. Therefore, taxpayers can issue different kinds of ordinary invoices according to the situation, because they enjoy the policy of exempting value-added tax from life services. When issuing general invoices for value-added tax, unified invoices for motor vehicle sales and other general invoices with tax rates or collection rates, the words "tax exemption" shall be filled in the tax rates or collection rates.
Taxpayers who have issued special invoices for value-added tax during the epidemic prevention and control period should promptly issue corresponding red-letter invoices or void the original invoices, and then apply the VAT exemption policy according to regulations. At the same time, considering that some taxpayers may encounter special circumstances that they cannot issue red-ink VAT invoices in time due to inconvenient communication with invoice recipients during the epidemic prevention and control period, taxpayers can apply the VAT exemption policy first, and then issue corresponding red-ink invoices according to regulations, and the issuance period is 1 month after the implementation of relevant VAT exemption policies expires.
Which industries belong to life service? Food, housing and domestic service. In fact, this problem can be well solved through our common sense understanding. However, what this article will bring to you is the popularization of major preferential tax policies in these industries during the epidemic in 2020. You really need this information to help you at the moment.