15 tax policies affecting all taxpayers will be implemented on July 1

15 tax policies affecting all taxpayers, implemented on July 1
1. The VAT ordinary invoice needs to fill in the purchaser's taxpayer identification number. The State Administration of Taxation announced the announcement of No. 16 of 2017. Starting from July 1, 2017, when the purchaser is an enterprise, when requesting a VAT ordinary invoice, it should The seller provides the taxpayer identification number or the unified social credit code; when the seller issues a VAT general invoice, the buyer's taxpayer identification number or unified social credit code should be filled in the “Purchaser Taxpayer Identification Number” column. Invoices that do not meet the requirements shall not be used as tax certificates. ”

2. The sales platform system should be linked with the VAT invoice tax control system. The State Administration of Taxation announced the provisions of No. 16 of 2017. From July 1, 2017, when the seller issues a VAT invoice, the invoice content should be in accordance with the actual sales. If it is truthfully issued, it may not be filled out according to the requirements of the purchaser. When the seller issues the invoice, the sales platform system is connected with the VAT invoice tax control system in the background, and the related information is invoiced. The content of the billing data imported by the system should be consistent with the actual transaction. If it does not match, the sales platform system should be revised and improved in time.

3. The deductible VAT rate Finance and Taxation [2017] No. 37: Since July 1, 2017, the 13% VAT rate has been reduced to 11%. Taxpayers sell or import the following goods at a tax rate of 11%: agricultural products (including food), tap water, heating, petroleum liquefied petroleum gas, natural gas, edible vegetable oil, cold air, hot water, gas, residential coal products, edible salt, agricultural machinery, feed , pesticides, agricultural film, fertilizer, biogas, dimethyl ether, books, newspapers, magazines, audio-visual products, electronic publications

4. Purchase of agricultural products deduction method to adjust fiscal and taxation [2017] No. 37: Since July 1, 2017, taxpayers purchase agricultural products, and deduct the input tax amount according to the following regulations:
(1) If the taxpayer purchases the agricultural product and obtains the special value-added tax invoice issued by the general taxpayer or the special payment certificate for the import value-added tax of the customs, the value-added tax indicated on the special invoice for value-added tax or the special payment certificate for customs import value-added tax For the input tax amount;
(2) If a small-scale taxpayer who has paid the value-added tax according to the 3% tax rate according to the simple tax calculation method obtains the special value-added tax invoice, the input tax amount shall be calculated based on the amount indicated on the special VAT invoice and the deduction rate of 11%;
(3) If the agricultural product sales invoice or the acquisition invoice is obtained (issued), the input tax amount shall be calculated based on the agricultural product purchase invoice or the purchase price of the agricultural product indicated on the purchase invoice and the deduction rate of 11%.
The ordinary invoice obtained by the taxpayer from the wholesale and retail links for the purchase of vegetables and some fresh meat eggs exempt from the VAT policy shall not be used as a voucher for calculating the deductible input tax amount.
The so-called sales invoice refers to the ordinary invoice issued by the agricultural producers for the sale of self-produced agricultural products that are exempt from the VAT policy.
(4) During the pilot period of changing the business tax to VAT, the taxpayer purchases the agricultural products used for production and sales or entrusted with the processing of 17% of the tax rate to maintain the original deduction.
Addition of deducted input tax on agricultural products = 11% tax rate (deduction rate) of the current production of agricultural products has been deducted by 11% × (deduction rate -11% before deductible tax rate)

5. The export tax rebate rate for some goods is adjusted to 11%.
Finance and Taxation [2017] No. 37: Since July 1, 2017, the export tax rebate rate for some goods has been adjusted to 11%. The export tax rebate rate for goods listed in Annex 2 of Caishui [2017] No. 37 is adjusted to 11%. The export tax rebate rate applicable to export goods is defined by the export date indicated on the export goods declaration form. Foreign trade enterprises shall export the goods listed in Annex 2 of this Notice before August 31, 2017. If the value-added tax has been levied at the rate of 13% at the time of purchase, the export tax rebate rate of 13% shall be implemented; at the time of purchase, the value-added tax shall be levied at the rate of 11%. Implement an 11% export tax rebate rate. The production enterprise shall export the goods listed in Annex 2 of this Notice before August 31, 2017, and implement the 13% export tax rebate rate. The time of exporting the goods shall be carried out in accordance with the export date indicated on the export goods declaration form.

6. Individuals who purchase the commercial health insurance products that meet the requirements are deducted from fiscal and taxation [2017] No. 39: Since July 1, 2017, individuals who purchase the commercial health insurance products that meet the requirements can be deducted from the expenses in the Individual Income Tax Law. Standard extra deductions.
For individuals who purchase the eligible commercial health insurance products, they are allowed to deduct the pre-tax deduction when calculating the taxable income in the current year (month), and the deduction limit is 2,400 yuan / year (200 yuan / month). The unit's expenditure for the purchase of eligible commercial health insurance products for employees shall be separately included in the employee's personal salary and salaries, which shall be treated as individual purchases and deducted according to the above-mentioned limits.
The taxpayer applying the preferential tax policy for commercial health insurance refers to the individual who has obtained the income from wages and salaries, the income from the continuous labor service, and the individual industrial and commercial households who have obtained the income from the production and operation of individual industrial and commercial households and the contracted and leased business income of enterprises and institutions. Individual proprietorship investors, partnership partners and contracted tenants.

7. Use the VAT ordinary invoice (volume ticket) with the name of the unit
The State Administration of Taxation promulgated the No. 9 of 2017. Starting from July 1, 2017, taxpayers may request the use of the name of the unit with the name of the unit in writing in accordance with the Measures for the Administration of Invoices of the People's Republic of China and its implementation rules. Ordinary tax invoice (volume ticket), the national tax authority confirms the type and quantity of the invoice with the name of the unit. The taxpayer issues a VAT ordinary invoice (volume ticket) printed with the name of the unit through the new system of VAT invoice management.
The 8-10th batch of the invoice code represents the batch, which is uniformly compiled by the provincial taxation authority within the scope of 501-999.

8. Asset management product value-added tax policy implementation of fiscal and taxation [2017] No. 2, after July 1, 2017 (inclusive), the VAT taxable behavior occurred during the operation of the asset management products, with the asset management personnel as the value-added tax Taxpayers pay VAT in accordance with current regulations.

9. The period of VAT special invoice certification is extended to 360. The State Administration of Taxation announced the No. 11 of 2017: Since July 1, 2017, the VAT general taxpayer has obtained the value added on July 1, 2017 and beyond. The special invoice for tax invoice and motor vehicle sales shall be confirmed within 360 days from the date of issuance or the registration of the VAT invoice selection confirmation platform, and the deductible input tax shall be reported to the competent national tax authority within the prescribed tax reporting period.
The special taxpayer’s special payment certificate for customs import value tax issued by the general taxpayer on July 1, 2017 and after shall be submitted to the competent national tax authority within 360 days from the date of issuance, and the “Customs Duty Certificate Deduction List” shall be submitted. Audit comparison.
The VAT deduction certificate issued by the taxpayer before June 30, 2017 is still implemented in accordance with the Circular of the State Administration of Taxation on Adjusting the Deduction Period for the VAT Tax Deduction Certificate (Guo Shui Han [2009] No. 617).

10. Venture capital enterprises and angel investment individuals related to taxation pilot policies Finance and Taxation [2017] No. 38: Venture capital enterprises and angel investment individuals in the taxation pilot policy, in which limited partnership venture capital enterprises (hereinafter referred to as partnership venture capital enterprises) take equity The investment method is directly invested in the start-up technology-based enterprises for 2 years, and the personal income tax policy has been implemented since July 1, 2017.

11. “Administrative Measures for the Formulation of Tax Regulatory Documents by the State Administration of Taxation”
In order to standardize the formulation and management of taxation normative documents, implement taxation statutory, promote the administration of tax authorities according to law, and protect the legitimate rights and interests of tax administration counterparts. The State Administration of Taxation promulgated the "Administrative Measures for the Formulation of Tax Regulatory Documents by the State Administration of Taxation" to be implemented on July 1, 2017.

12. Financial institutions' large-value transactions and suspicious transaction reports "Management Measures for Financial Institutions for Large-Scale Transactions and Suspicious Transaction Reports" (People's Bank of China Order No. 3 of 2016) stipulates that financial institutions' large-value transactions and suspicious transaction reporting management methods shall It will take effect on July 1, 2017.

13. “Administrative Measures for Due Diligence of Tax Information in Non-resident Financial Accounts”
The six ministries and commissions, including the State Administration of Taxation, jointly issued the "Measures for the Management of Due Diligence of Tax Information on Non-Resident Financial Accounts", which will be implemented from July 1 this year, requiring: financial institutions must complete the high-net-worth account for stocks by the end of 2017. Due diligence, due diligence on the inventory of personal low net worth accounts and all stock agency accounts by the end of 2018.

14. The 2017 Tariff Adjustment Plan
On December 23, 2016, the State Council Customs Tariff Commission issued a notice stating that the 2017 Tariff Adjustment Program stipulates that the second tax reduction will be implemented from July 1, 2017; from January 1, 2017 to 822 The provisional tax rate for imported goods will be reduced to 805 from the tentative rate of import goods from July 1, 2017; export tariffs will be imposed on 213 export commodities such as ferrochrome, of which 50 are tentative The tax rate is zero.

15. Multilateral Tax Administration and Mutual Assistance Convention
The Announcement of the State Administration of Taxation on the Effectiveness of the Implementation of the Multilateral Tax Administration and Mutual Assistance Convention (State Administration of Taxation Announcement No. 4 of 2016) clarifies that China signed the Multilateral Tax Administration and Mutual Assistance Convention on August 27, 2013 (hereinafter referred to as the Convention). 》), and was approved by the 15th meeting of the Standing Committee of the 12th National People's Congress on July 1, 2015. On October 16, 2015, China deposited the instrument of ratification of the Convention with the Organization for Economic Cooperation and Development. In accordance with Article 28 of the Convention, the Convention will enter into force for China on February 1, 2016, and will be implemented from January 1, 2017. The Convention can make the communication channels between China and foreign countries more smooth. It is easier for tax authorities in various countries to reach a consensus on taxation policies through consultations, thereby creating a fair and transparent tax environment and reducing the possibility of double taxation.

Related reading: VAT rate is four files and three files from July, further reducing the tax burden of enterprises
Just next Saturday (July 1), on the eve of the official implementation of the VAT rate policy, yesterday (June 21), Director of the Taxation Department of the State Administration of Taxation Deng Yong, Deputy Director of the Department of Goods and Services Tax, Lin Feng Visit the Chinese government website to introduce the implementation of the six tax reduction policies.
After the new VAT rate is officially implemented, the 13% tax rate applicable to the original sales or imported goods will be reduced to 11%, involving 23 types of products such as agricultural products, natural gas, edible salt, and books; in addition, tax will be levied at 17%. Agricultural products deep processing enterprises purchase agricultural products to maintain the original deduction, and avoid tax increases.
Lin Feng said that in order to achieve the VAT tax neutral goal, countries generally pursue a more concise VAT tax system. The degenerate tax rate, the reduction of preferential policies, and the broadening of the tax base have become the trend and mainstream of the development of the international VAT system.

Can reduce the basic cost of living for residents
The most direct impact of the degenerate tax rate policy on taxpayers is to reduce the tax burden. Taking Guangzhou as an example, the preliminary calculation will benefit the 25,000 taxpayers in Guangzhou, mainly in the wholesale and retail industries. It is expected to reduce the taxpayers by 501 million yuan per year, which will help strengthen the development of enterprises. And form a conduction effect to further promote economic development.
Related industries directly enjoy the benefits of reduced tax revenue. Guangzhou Dongxing Agricultural and Sideline Products Processing Co., Ltd. is mainly engaged in the simple processing and wholesale of nut agricultural products. The legal representative Cao Yingcai told reporters: “The new policy has eliminated the 13% VAT rate. The original 13% tax rate applies to 11 The tax rate is expected to be 15 million yuan in the second half of 2017. According to this policy, the output tax amount is directly reduced by 300,000 yuan before the adjustment of the tax rate."
After the VAT deductible tax rate, the tax reduction effect will eventually be transmitted to the end consumption, so that consumers can enjoy the tangible benefits. "The tax rate for selling gas has dropped from 13% to 11%. Our company can save about 500,000 yuan in value-added tax this year." Lu Xinqiang, chief financial officer of Guangzhou Xinao Gas Co., Ltd. disclosed.
Xu Xiaoyang, China Tax & Business Consulting Partner of PricewaterhouseCoopers, told the Daily Economic News that for gas sales companies, in the long run, there will be room for price cuts due to lower tax burdens of upstream companies, which will help ease On the other hand, gas sales companies are often public gas suppliers, closely related to people's lives, tax rates are lowered, and the cost of purchasing basic household items can be reduced through market and price transmission mechanisms. .

Degenerate tax rate creates a fair environment
Many experts interviewed by the reporter said that the VAT tax rate is a general trend.
Lin Feng introduced that before the pilot reform and increase pilot, China's value-added tax has a tax rate of 17% and 13% (excluding zero tax rate, the same below); in the process of pilot reform, according to the sales income and cost structure of the pilot industry, Based on the consideration of reducing the tax burden of the pilot industry, new tax rates of 11% and 6% have been set, and the tax rate has been increased to four. The coexistence of the four-rate tax rate has led to a complicated tax system, which may lead to the phenomenon of “high levy and low deduction” and “low levy and high deduction”, which inhibits the neutral role of VAT.
He added that this time, the "four-three-three" tax rate optimization idea was proposed, that is, the 13% first-grade tax rate was abolished, and the tax rate structure was degenerate to 17%, 11%, and 6%. The main considerations are: 13% tax rate is mainly applicable to agricultural products, books, newspapers, magazines and other consumer goods closely related to people's livelihood, agricultural production materials such as fertilizers, pesticides, etc., the tax rate is abolished and lowered to 11%, reflecting the country's agricultural and people's livelihood. Tax support in the field.
Xu Xiaoyang told reporters that since the full implementation of the camp reform since May 1, last year, in addition to the zero tax rate applicable to specific taxable behavior, there are four VAT rates, and the multi-tax rate is fully considered between different taxable behaviors. Differences also make it difficult for taxpayers to comply with enforcement and tax administration.
She believes that with the implementation of the New Deal, the VAT rate will be reduced from the fourth-grade tax rate to the third-grade tax rate, which will help to further reduce the tax burden of enterprises and create a simple, transparent and fair tax environment.

Agricultural products deep processing enterprises deducted unchanged
The output tax of the last link of value-added tax is the input tax of the next link, and each link forms a deduction chain. Therefore, the degenerate tax rate policy has caused some enterprises to worry about increasing the tax burden due to the reduction of the input deduction.
For example, the chief financial officer of a large food company in Guangzhou told reporters that the company's annual purchase of flour, palm oil and other agricultural products is expected to be 246 million yuan, the agricultural product value-added tax rate should be reduced from 13% to 11%, worried about the reduction of the deduction of input This will lead to an increase in tax burden and affect the overall efficiency of the company.
On April 28, the Ministry of Finance and the State Administration of Taxation issued a notice to clarify that the purchase of agricultural products by agricultural products deep processing enterprises taxed at the rate of 17% should maintain the original deduction, so as to avoid increasing the tax burden due to the reduction of the deduction of the input.
For example, Zou Xinghong, financial director of Guangzhou Restaurant Group Likoufu Food Co., Ltd. told reporters that in the second half of this year, the company expects to purchase 3 million yuan of nut products from an agricultural and sideline products company. According to the new policy, Dongxing Company pays sales at the rate of 11%. The tax amount is 330,000 yuan, which is 60,000 yuan less than before. In the case of corporate tax credits, it can be deducted at 13%, that is, it can be deducted 390,000 yuan.
The financial person in charge of the above-mentioned large food company also said that this is equivalent to giving the state a subsidy of about 2 points from the perspective of taxation. "For our company, the state subsidizes a tax of 4,951,100 yuan."

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