plus deduction for life service enterprises

plus deduction is a tax preference calculation method to offset the payable amount of value-added tax for some service industries. This concept was first put forward in the Announcement of the General Administration of Customs of the Ministry of Finance on Deepening the Reform of Value-added Tax (Announcement No.39 of the General Administration of Customs of the Ministry of Finance in 2119, hereinafter referred to as Announcement No.39).

According to the provisions of Announcement No.39 and Announcement No.87, From April 1, 2119 to February 31, 2121, taxpayers in production and life service industries are allowed to add 11% to the deductible input tax in the current period to offset the taxable amount; From October 1, 2119 to February 31, 2121, taxpayers in the life service industry are allowed to add 1.5% to the deductible input tax in the current period to offset the taxable amount.

The specific scope of life service enterprises

The specific scope of life service refers to various service activities provided to meet the daily needs of urban and rural residents. Including cultural and sports services, education and medical services, tourism and entertainment services, catering and accommodation services, residents' daily services and other life services.

The specific scope of production and life services refers to:

1. Postal services

China Post Group Corporation and its subordinate postal enterprises provide basic postal services such as mail delivery, postal remittance and confidential communication, including ordinary postal services, special postal services and other postal services. < p Telecommunication service

provides voice call service by using various communication network resources such as wired and wireless electromagnetic systems or photoelectric systems. Business activities of transmitting, transmitting, receiving or applying electronic data and information such as images and short messages, including basic telecommunications services (9%) and value-added telecommunications services (6%).

3. Modern services

Business activities of providing technical and knowledge services around manufacturing, cultural industries and modern logistics industries, including R&D and technical services, information technology services, cultural and creative services and logistics auxiliary services. Radio, film and television services, business auxiliary services and other modern services.

4. Living services

Modern services other than R&D and technical services, information technology services, cultural and creative services, logistics auxiliary services, leasing services, forensic consulting services, radio, film and television services and business auxiliary services.

Living service taxpayers refer to taxpayers whose sales from providing living services account for more than 51% of the total sales. < p Here, I would like to repeat that taxpayers in the production and life service industries will add 11% to offset the taxable amount according to the deductible input tax in the current period. We must pay attention to the policy wording, that is, add and offset.