The first value added tax invoice (unit) for the catering industry was issued. Kyohua times journalist wang hae-hin
At 0100 hours on 1 may, chen zheng, the head of the chinese-taiang electric power company in wenzhou, which had left the premises of the beijing national hotel, received the first vat invoice in the city of beijing for the services of living after the full operation of the increase in the battalion, which was the first value added tax invoice issued in the country following the roll-out of the vat reform nationwide. Journalists were informed that the full implementation of the first-day increase in the number of national vat tickets amounted to over 2. 75 billion yuan。
## on site
First new invoice for boarding checkout
Yesterday, at the national hotel in beijing, chen zheng, from china-thai electric power company ltd., found that the new invoice was very detailed, and that the “value” and “tax” columns would show that the house fare of $580 was clearly marked as $547. 17 and the tax of $32. 83。
“according to the fact that the original sales tax invoice can only be used as a reimbursement, i would like to commend the reforms!” as a private enterprise owner, the deduction of each element of the income tax is a reduction of the real tax on the enterprise. Chen was very honoured by the fact that he did not intend to go through an important time of china's tax reform and expressed satisfaction with the reform。
When the first vat invoice of the first conversion of the tax system was successfully issued, wang jun, director general of the state tax administration, who was on the scene, stated that it marked a major tax reform that was officially implemented throughout the country and that it marked the official departure of 66 years of business tax for the new china。
The state tax department described the comprehensive nationwide roll-out of the vat conversion pilot since the beginning of may this year, which included all vat taxpayers, such as construction, real estate, finance and living services, and the inclusion of vat in the credit for all new real estate in all enterprises。
As of 11 a. M. On 1 may, statistics from the national tax administration show that a total of 23669 pilot taxpayers in the country issued 63655 invoices. Of these, 7347 vat-specific invoices and 56,308 vat-specific invoices were issued in the amount of $2. 75 billion。
“as welcome as the first battle is, there is nothing to be said about victory, nothing to be done about it.” the wang jun stressed that the full roll-out of the camp upgrade pilot was too extensive, complex and difficult, and that although the first round, which had been successfully opened on 1 may, was adopted, it would be followed by the second round of “additional payments from the used room trading camp on 3 may” and the third round of “full billing for the four major sectors from 3 may”。
He stated that a victory at one level did not mean a victory in the battle as a whole, and that the latter two were more difficult, riskier, more challenging and more demanding, requiring a concerted effort on the part of the tax system to break in with the spirit of an indomitable and lean craftsman。
□ impact
The restaurant tax has the expectation of falling or making a profit consumer
Since 1 may, new versions of the general vat invoices obtained by consumers after meals at hotels have changed, with the red rule changing from “district tax administration” to “irs”。
In addition, unlike the turnover tax, since vat is calculated separately from extra-value tax, i. E. Sales of a commodity and taxes, the “value” and “tax” columns in the new vat ordinary invoices issued by the hotel show that together they are actually spent。
According to the value-added tax invoice issued on 1 may 2016 by the first catering enterprise in beijing city at the east poe village hotel in maezhou, hoyang district, 10 people spent a total of $876 on meals, of which the “value” was 826. 42 and the “tax” was 49. 58. In this way, consumers can see clearly in the “tax” column how much taxes are paid for eating a meal。
In addition, industry expected a decline in taxes in industries such as restaurants, as a result of the increase in the number of battalions, through the introduction of tax credits. For example, rents, utilities and gas, and some food items are deductible. In more competitive situations, such as the catering industry, falling taxes and tariffs are expected to generate more leeway for businesses。
The overall tax on stock exchange fell by 2. 45 per cent
As of 1 may, the reform of the tax increase for the national battalion was formally implemented. In order to ensure a smooth implementation of the new deal and to guarantee a smooth working order for the collection of taxes on personal stock exchange, the beijing city tax authorities used the 5-1 leave period to conduct multiple rounds of testing of the information system and, on 1 may, formally conducted a pilot operation on the collection of taxes on camp-replacement stock exchange in 18 district (division) offices throughout the city。
On the same day, the city carried out 85 collections of personal housing taxes and collected $6,385,500. Of this amount, $354. 86 million was collected from the seller and $283. 69 million from the buyer. This represents a decrease of $12. 25 million and $3. 78 million, respectively, compared to the increase in the battalion. The overall tax on personal stock housing transactions fell by rmb 1630,000, by 2. 45 per cent, and the average single business tax by rmb 1885. 88. At the same time, vat vouchers are in place。
□ journalist visits
Beijing first value added tax invoice for catering
Value added tax invoices for future food conversions
After 0000 hours on 1 may 2016, the asian shipping village of the yeizhou wine building, located at building 111 in hui zhongbei, hokyang district, as a tax payer in the service of life, issued a value-added tax invoice for the first catering enterprise after the full roll-out of the beijing camp increase, marking the official launch of the city's full operation。
With the successful issuance of tickets to the 24-hour restaurant, the future billings for beijing residents after meals began to change from sales tax invoices to value-added tax invoices (the old version of the related invoices could be converted to the end of june). As a typical service provider, the catering enterprise also formally paid vat and issued vat invoices effective 1 may。
In order to guarantee that businesses will be able to normally pay tickets on 1 may to customers such as meal-eaters, the state tax administration of the hokyang district organized a number of firms to conduct ticket-taking tests and reminded taxpayers who had not yet done so to collect invoices by 28 april to ensure that vat invoices are issued on a regular basis on 1 may。
According to the latest statistics from the municipal irs yesterday, vat invoices are issued mainly for services such as catering and accommodation。
This is an increase in the number of city-wide taxpayers, of whom 312,000, or more than 90 per cent, are in the service sector. In order to ensure that the additional pilot taxpayers could normally issue vat invoices for the current battalion, full-time officers of the city-wide national tax system were placed in office during five or a short leave period。
According to the municipal irs, as at 0010 hours on 1 may, 23 taxpayers had issued 37 vat invoices, of which 11 were earmarked and 26 were general。
□ cases
$3. 72 million in second-hand rooms, $8857
Yesterday, at 0855 hours, the sixth tax institute of the chaoyang district tax administration successfully conducted the second-hand house tax under the first new policy of reform of the system in the sunyang district and issued vat invoices for taxpayers for $3. 72 million for the sale price of the house and $257748. 58 for the payment of taxes, of which vat was $177,142. 86, a decrease of $885. 14 compared with the turnover tax payable before the “branches increase”。
Turning to the experience of the new process of tax collection after the “camp increase”, mr. Shao, who successfully managed the first second-hand house tax at the sixth tax institute, said to the journalists: “i can't believe it worked so well. It was the first day of the camp's renewal and the national holiday had been taken up, which was supposed to be delayed and to be cumbersome, but it was not expected that the tax administration would be able to provide services over overtime. As a result of the wife's seven months of pregnancy, we have also benefited from the green passage, without having to wait for direct processing, which lasted for more than 10 minutes from the time the data were checked to the time when the invoice was finally issued. More importantly, the change in vat did result in lower taxes. It is a great pleasure for the new deal to give our people the dividends of reform.”
Zhao peng, a reporter for the beijing times
News links
Greater clarity on policies such as road toll deductions
On the evening of 30 april, the ministry of finance and the national tax administration issued a circular on the further clarification of the policy for the comprehensive expansion of camps on labour assignment services, toll road toll deductions, etc。
With regard to to toll road toll deductions and collection policies, between 1 may and 31 july 2016, the amount indicated on the receipt of toll invoices (other than financial instruments) for road, bridge and gate charges paid by ordinary taxpayers was calculated as the deductionable amount of the revenue tax according to the following formula: tolls for highways can be offset by the amount stated in the invoice for highway tolls (1+3%) x 3%; charges for primary roads, secondary roads, bridges, gates can be offset by the amount stated in the invoice for primary roads, secondary roads, bridges, gate tolls (1+5%) x 5%. General taxpayers charge fees for the first, second, bridge, gate and tolls for the first roads, secondary roads, bridges and gates they begin before the pilot, with the option of applying a simple tax method and paying vat at a rate of 5 per cent。
According to xinhua
