Value-added tax is a turnover tax based on the value-added amount of goods (including taxable services) generated in the circulation process. From the tax principle, value-added tax is a turnover tax levied on the added value of many links such as commodity production, circulation and labor services or the added value of commodities. Extra-price tax is implemented, that is, it is borne by consumers, and tax is levied only if there is value added, and tax is not levied if there is no value added.
The collection of value-added tax usually includes all links in the production, circulation or consumption process. It is a neutral tax based on value-added or price difference. Theoretically, it includes all agricultural industries (planting, forestry and animal husbandry), mining, manufacturing, construction, transportation and commercial services. Or all links of raw material procurement, manufacturing, wholesale, retail and consumption.
Changing business tax to value-added tax, referred to as changing business tax to value-added tax, refers to changing taxable items that previously paid business tax to value-added tax. The biggest feature of camp reform is to reduce double taxation, which can promote the society to form a better virtuous circle and help enterprises reduce tax burden.
The change from business tax to value-added tax mainly involves transportation and some modern service industries; Transportation includes: land transportation, water transportation, air transportation and pipeline transportation.
Legal basis: People's Republic of China (PRC) enterprise income tax.
Article 12 The amortization expenses of intangible assets calculated by an enterprise in accordance with regulations shall be deducted when calculating taxable income.
Amortization expense deduction shall not be calculated for the following intangible assets:
(1) Intangible assets whose self-development expenses have been deducted when calculating taxable income;
(2) Self-created goodwill;
(3) Intangible assets unrelated to business activities;
(4) Other intangible assets that cannot be deducted from amortization expenses.
Article 13 When calculating the taxable income, the following expenses incurred by the enterprise shall be regarded as long-term deferred expenses, which shall be amortized in accordance with the provisions and allowed to be deducted:
(1) Expenditure on the reconstruction of fully depreciated fixed assets;
(2) expenditure on renovation of rented fixed assets;
(3) Expenditure on major repairs of fixed assets;
(4) Other expenses that should be regarded as long-term deferred expenses.