Digital currency and personal income tax
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Business tax is a kind of tax levied on the turnover of units and indivials who provide taxable services, transfer intangible assets or sell real estate in China. Business tax is one of the main taxes in the circulation tax system. On November 17, 2011, the Ministry of Finance and the State Administration of Taxation officially announced the pilot scheme of replacing business tax with value-added tax
value added tax is a kind of turnover tax based on the value-added of goods (including taxable services) in the process of turnover. From the principle of Taxation, value-added tax is a kind of turnover tax levied on the added value of goods or the added value of goods in the proction, circulation and service of goods. The implementation of extra price tax, that is to say, it is borne by the consumers. Only when there is value added can the tax be levied, and no tax be levied if there is no value added
Consumption tax is a general term for all kinds of taxes with the turnover of consumer goods as the tax object. It is a tax levied by the government on consumer goods, which can be collected from wholesalers or retailers. Consumption tax is a typical indirect tax Consumption tax is a new type of turnover tax in 1994. The consumption tax is within price tax, which is only paid in the proction, entrusted processing and import of taxable consumer goods. In the later wholesale, retail and other links, because the price already includes the consumption tax, there is no need to pay the consumption tax, and the tax is ultimately borne by the consumers Personal income tax is the general term of legal norms to adjust the social relations between tax authorities and natural persons (residents and non residents) in the process of personal income tax collection and management
extended data
tax is the most important form and source of public finance. The essence of taxation is a special distribution relationship formed by the state's participation in the distribution of national income and compulsory acquisition of fiscal revenue in order to meet the social public needs, relying on public power and according to the standards and proceres prescribed by law
it reflects a specific distribution relationship between the state and taxpayers in the interest distribution of collection and tax payment under a certain social system. Marx pointed out:
1, "tax is the economic basis of government organs, not anything else."
2, "the economic embodiment of the existence of the state is taxation". Engels pointed out: "in order to maintain this kind of public power, citizens need to pay fees - taxes." In the 19th century, American judge Holmes said, "taxes are the price we pay for civilized society." All these show that tax plays an important role in national economic life and social civilization
source of reference: network value added tax
source of reference: network consumption tax
source of reference: network personal income tax
reference source of reference: network business tax source of reference: network business tax
The differences between indivial income tax and payable income tax are as follows:
1. The scope of indivial income tax is different
the income of indivial income tax includes 20 items, namely, the income of electric power construction fund, the income of Three Gorges project construction fund, the income of road maintenance fee, the income of vehicle purchase surcharges, the income of railway construction fund, the income of highway construction fund, the income of civil aviation infrastructure construction fund, the income of tax Post and Telecommunications surcharges fund income, port construction fee income,
and income tax payable include value-added tax, consumption tax, enterprise income tax, resource tax, land value-added tax, urban maintenance and construction tax, real estate tax, land use tax, vehicle and ship tax, ecation surcharges, mineral resources compensation fee, stamp tax, cultivated land occupation tax, etc, And the indivial income tax collected and paid by the enterprise before it is handed over to the state
2. Different tax rates
the tax rate of indivial income tax is 17%, which can offset the tax on goods purchased with value-added notes; The rate of VAT is 4% (business) or 6% (instry). However, the input tax can not be dected, the VAT invoice can not be issued, and the income tax can not be dected for the purchase of small-scale goods
The calculation formula of indivial income tax is as follows:net operating income = operating income - operating expenses - depreciation of proctive fixed assets - proction tax +
net income from renting houses, net income from renting other assets and converted net rent of self owned houses. The net income of property does not include the premium income from transferring the ownership of assets
The calculation formula of transfer net income is: transfer net income = transfer income - transfer expenditureand the calculation formula of income tax payable is: real growth rate of per capita disposable income = (per capita disposable income in the reporting period / per capita disposable income in the base period) / consumer price index - 100%
Personal income tax can only issue VAT ordinary invoice and VAT special invoice, while the payable income tax can only issue VAT ordinary invoice. The special ticket, that is, the general taxpayer, can dect part of the tax rate for the company. However, the small amount of taxpayers can not offset the input Personal income tax: generally refers to the total amount of proction of instrial enterprises, including the inventory that has not been sold and has not yet formed income However, the income tax payable is the sum of the main business income, business income and other business income, and the total income of some circulation enterprises accounts for the price difference income, that is, gross profit Indivial income tax is based on instrial activity unit as the basic accounting unit, while income tax payable is based on independent accounting unit as the basic accounting unitsource of reference: Network - income tax payable
Network - indivial income tax