Have you heard about it? The next step in China’s tax reform will be to lock down the consumption tax. As early as before, there have been reforms of value-added tax, resource tax, and environmental tax.
It is very interesting to note that this consumption tax reform may include resource products such as disposable tableware, as well as luxury products such as high-grade fur, mahogany furniture, private jets, golf, and consumption, which will be included in the tax expansion.
What does this mean? Do you have to pay taxes when you buy double disposable chopsticks? Is it not a luxury item to pay taxes? It seems that many people are not very clear about the concept of consumption tax.
In the current Chinese tax law, the “consumption tax” (the official English translation is the Consumption Tax) is a tax levied on some “luxury” consumer behavior. These “luxury items” include tobacco, alcohol and alcohol, cosmetics, precious jewelry and jewelry, firecrackers, fireworks, refined oils, car tires, cars, motorcycles, golf balls and golf clubs, high-end watches, yachts, wooden disposables. Chopsticks and solid wood flooring. Foreign countries also have similar taxes, but when translated into Chinese, they are generally named according to taxable objects, such as alcohol tax, tobacco tax, fuel tax, and luxury tax.
In fact, what kind of tax is called “consumption tax” in China, I think it should be a luxury tax, which is the tax paid for the purchase of high-end consumer goods.
It is worth mentioning that disposable chopsticks have been added to the scope of the collection, which has a greater role in promoting environmental protection in China. Skills can save resources and gain environmental protection. Xiaobian is in favor of both hands.
For the selection of high-end consumer goods, Zhang Xuesheng, director of the Public Revenue Research Center of the China Academy of Fiscal Science, pointed out that high-end clothing, high-grade fur and leather products; sea cucumber, abalone, shark fin, bird's nest, Cordyceps Sinensis and other food and health products; high-grade wood such as mahogany Furniture; high-end vehicles such as motorhomes and private jets can be considered for inclusion in high-end consumer goods.
Zhang Xuecai believes that high-end consumer behavior in entertainment venues such as karaoke bars, dance halls, golf balls, bowling alleys, as well as other consumer behaviors such as hunting and aircraft leasing can be included in the scope of the collection. At the same time, he suggested that the tax items of luxury products and entertainment consumption behavior should be set in the consumption tax, and the related products and consumption behaviors should be included in the above two tax items, and a relatively uniform taxation method should be implemented.
At present, China's consumption tax is a central tax, and another important content of this round of consumption tax reform is that it is expected to change from central tax to shared tax, which can also play a role in bridging the local tax gap. At present, after the reform of the camp, the local main tax types are missing, the local tax system needs to be established urgently, and the call for the overall promotion of the consumption tax reform is increasing.
Having said that, everyone should be clear that the tax burden of consumption tax is passed on to consumers. In other words, it is ultimately paid for by consumers.
How is the consumption tax billed?
The consumption tax is taxed by the three methods of ad valorem rate and the specific amount and ad valorem.
1. The taxable amount calculated by the ad valorem rate method = sales X applicable tax rate
2. The taxable amount calculated by the quantitative quota method = sales quantity X unit tax amount
3. The taxable amount of the compound price tax calculated from the ad valorem = sales x proportional tax rate + sales quantity x fixed rate
It may be that space is over, and Xiaobian gives a chestnut to explain to everyone.
A product does not include the tax unit price of 10 yuan/piece, this month a total of 100 pieces of sales VAT rate: 17%, consumption tax rate: 10%, please calculate the relevant taxes
VAT = (10x100) x 17% = 170
Consumption tax = (10x100) x 10% = 100
Borrow: Accounts Receivable 1170
Loan: Main business income 1000
Taxes payable - VAT payable (disbursement) 170
Borrow: Business tax and surcharge 10
Loan: Taxes payable - GST should be paid 10
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