According to the Announcement on Relevant Policies for Deepening the Reform of Value-added Tax:
1. If the general VAT taxpayer (hereinafter referred to as the taxpayer) conducts VAT taxable sales or imports goods, the original tax rate is 16%, and the tax rate is adjusted to 13%; Where the original tax rate was 1%, the tax rate was adjusted to 9%.
2. If the original deduction rate of 1% was applied to the taxpayer's purchase of agricultural products, the deduction rate was adjusted to 9%. Taxpayers who purchase agricultural products for the production or entrusted processing of goods with a tax rate of 13% shall calculate the input tax at a deduction rate of 1%.
Tax reform:
Value-added tax has become one of the most important taxes in China, accounting for more than 6% of all taxes in China, making it the largest tax. Value-added tax is collected by the State Taxation Bureau, and 5% of the tax revenue is from the central government and 5% from local governments. The value-added tax in the import link is collected by the customs, and the tax revenue is all the central fiscal revenue.
On March 15th, 219, Li Keqiang, Premier of the State Council of the People's Republic of China said at the Second Session of the 13th National People's Congress in the Great Hall of the People that the value-added tax would be reduced on April 1st and the social security rate would be reduced on May 1st. The sale of hairy crabs belongs to the sale of agricultural products, and the tax rate is 11%. The general taxpayer calculates the VAT output tax payable according to the tax rate of 11%. The collection rate of small-scale taxpayers is 3%. VAT invoices must be issued at the applicable tax rate of 11% or the collection rate of 3%.
a sales invoice is a voucher used to show the specifications, quantity, price, sales amount, freight and insurance, invoice date, payment terms, etc. of the sold goods. One copy of the sales invoice is sent to the customer, and the rest is kept by the enterprise. Sales invoice is also the basic voucher for registering sales transactions in accounting books. The purchase invoice amount of duty-free agricultural products purchased by general VAT taxpayers can be deducted from the input tax according to the stipulated deduction rate. There are two situations in which the purchase invoice of agricultural and sideline products is issued and used:
The first one is that farmers sell their own agricultural and sideline products, and the purchase invoice of agricultural products is issued by the purchasing enterprise.
the second type is: sales invoices of goods used by non-farmer enterprises, farms, forest farms, self-produced agricultural products or agricultural products sold after raw processing.
farmers sell their own agricultural products, which are tax-free and taxable items that can be deducted from the value-added tax. Because the purchase invoices of agricultural products are issued by enterprises, some enterprises use the purchase invoices of agricultural products to evade the value-added tax.