The consumption tax law is coming! But the liquor tax rate is to remain unchanged

category:Finance
 The consumption tax law is coming! But the liquor tax rate is to remain unchanged


The consumption tax rate of cars with cylinder capacity of more than 4.0L is 40% in production (import) and 10% in retail.

The consumption tax rate of cigar is 36%; the consumption tax rate of high-end watch is 20%; the consumption tax rate of high-end cosmetics is 15%; the consumption tax rate of liquor is 20% plus 0.5 yuan / 500g (or 500ml).

It is clear in the draft for comments that the consumption tax shall be calculated according to the method of ad valorem tax, ad valorem tax, or ad valorem and ad valorem composite tax (hereinafter referred to as composite tax).

Taxpayers who concurrently operate taxable consumer goods with different tax rates shall separately account for the sales volume and sales volume of taxable consumer goods with different tax rates; those who do not separately account for the sales volume and sales volume, or sell taxable consumer goods with different tax rates as a complete set of consumer goods, shall be subject to high applicable tax rates.

For the taxable consumer goods that are not sold for the taxpayers own use, the tax shall be calculated and paid in accordance with the sales price of the same kind of consumer goods sold by the taxpayer; for those that have no sales price of the same kind of consumer goods, the tax shall be calculated and paid in accordance with the component tax price.

unscramble

Reintegrate the concept of taxpayer

What are the changes in the consumption tax law compared with the previous Interim Regulations of the peoples Republic of China on consumption tax (hereinafter referred to as the regulations)? Relevant people from the Ministry of finance gave answers.

1. In terms of taxpayers, the regulations of taxpayers involve production, entrusted processing, import, sales and other concepts. With the promotion of the reform of consumption tax, the collection of consumption tax has increased wholesale and retail. Considering that the production, wholesale and retail will all have sales behavior, the draft for comments has integrated the relevant concepts, uniformly expressed as the units and individuals that sell, entrust processing and import taxable consumer goods in China, and separately expressed the situation of consumer goods own use.

2. In terms of the calculation of the tax payable, the draft for comments continues the current provisions of the regulations. In order to avoid the ambiguity of professional terms, in the regulations, the consumption tax shall be calculated according to the fixed rate of ad valorem and the fixed amount of ad valorem, or the combination of the fixed rate of ad valorem and the fixed amount of ad valorem. The adjustment is expressed as the consumption tax shall be calculated according to the fixed rate of ad valorem and the fixed amount of ad valorem, or the sum of ad valorem and ad valorem The amount of tax payable shall be calculated according to the method of compound calculation of tax amount .

3. With reference to the internationally accepted concept and the provisions of the price law of the peoples Republic of China, the draft revised the definition of sales volume in the regulations, that is, sales volume refers to the consideration related to the sales of taxable consumer goods obtained by taxpayers, including all monetary or non monetary economic benefits. If the sales amount is calculated in RMB and settled in a currency other than RMB, it shall be converted into RMB.

4. In terms of the deduction policy, the draft continues the Deduction Policy for the entrusted processing and recovery of taxable consumer goods in the regulations. At the same time, according to the current policy, it makes clear the ten deduction policies for the purchased taxable consumer goods, including cigarettes, firecrackers and fireworks, golf balls and ball sets, wooden disposable chopsticks, solid wood floors, oil products, beer, wine, and high-end products Cosmetics and so on, the management of deduction voucher is also regulated.

5. In terms of the time when the tax obligation occurs, in combination with the practice of tax collection and management, the draft for comments specifies that the taxable consumer goods produced by the taxpayer shall be taxed when the taxpayer sells them, that is, when the taxpayer sells the taxable consumer goods, the time when the tax obligation occurs is the day when the sales payment is received or the evidence for obtaining the sales payment is obtained; when the invoice is issued first , is the date of invoice. It has supplemented and improved the provisions on the occurrence time of tax obligations related to entrusted processing of taxable consumer goods, self use taxable consumer goods, imported taxable consumer goods, etc.

6. In the aspect of tax collection and management, in combination with the practice of tax collection and management, the draft for comments supplements the authority for verification when the tax amount of taxable consumer goods declared by the taxpayer is obviously low, and increases the customs as the verification department, that is, if the tax price and quantity of taxable consumer goods declared by the taxpayer are obviously low and have no reasonable commercial purpose, the tax authorities and customs have the right to verify the tax price and Number.

Related news

Investment Promotion Fund: Liquor sector sentiment is expected to be restored

Yesterday, the Ministry of Finance announced the consumption tax law of the peoples Republic of China (Draft for comments), which continued the basic system framework of consumption tax and kept the current tax system framework and tax burden level unchanged as a whole. As for the liquor tax rate concerned by the market, it has not been adjusted, and the policy of Taxation in the production (import) link before is still continued. The tax rate is 20% plus 0.5 yuan / 500g (or 500ml), and there is no mention of the schedule of the later transfer tax reform pilot.

Hou Hao, manager of China Merchants China liquor index fund, said that due to the consumption tax problem, liquor may have some adjustment in mood. This years Spring Festival liquor channel inventory is obviously low, and the Spring Festival basically determines the growth rate and direction of liquor companies performance throughout the year. The high-end liquor industry has basically completed the payment, the first quarter of next year has a strong performance certainty, and the industry is expected to have a better performance.

From the perspective of the whole liquor sector next year, the trend of market share concentration and upgrading to high-end liquor and famous liquor will remain unchanged. The high-end liquor has strong certainty and supports the valuation switch of the sector. The competition of low-end liquor will intensify, but the space (the logic of concentration improvement) is also large.

News background

Consumption tax of 1063.2 billion yuan in 2018

In December 1993, the State Council promulgated the Provisional Regulations of the peoples Republic of China on consumption tax (hereinafter referred to as the Regulations), stipulating that since January 1, 1994, consumption tax will be levied on some consumer goods such as tobacco, alcohol, gasoline and diesel. In November 2008, according to the previous policy adjustments and reforms of consumption tax, the State Council revised the regulations and implemented them on January 1, 2009. From 1994 to 2018, a total of 10517.6 billion yuan of domestic consumption tax was collected, of which 1063.2 billion yuan was collected in 2018. Since 1994, consumption tax has undergone several major institutional adjustments, including the reform of consumption tax system in 2006, the reform of refined oil tax in 2008, and the new round of consumption tax reform since 2014. After gradual reform and improvement, the framework of the tax system is basically mature, the elements of the tax system are basically reasonable, and the operation is basically stable. Therefore, the draft keeps the current framework of the tax system and the overall level of tax burden unchanged. Source: responsible editor of Beijing Youth Daily: Guo Chenqi, nbj9931

In December 1993, the State Council promulgated the Provisional Regulations of the peoples Republic of China on consumption tax (hereinafter referred to as the Regulations), stipulating that since January 1, 1994, consumption tax will be levied on some consumer goods such as tobacco, alcohol, gasoline and diesel. In November 2008, according to the previous policy adjustments and reforms of consumption tax, the State Council revised the regulations and implemented them on January 1, 2009.

From 1994 to 2018, a total of 10517.6 billion yuan of domestic consumption tax was collected, of which 1063.2 billion yuan was collected in 2018.

Since 1994, consumption tax has undergone several major institutional adjustments, including the reform of consumption tax system in 2006, the reform of refined oil tax in 2008, and the new round of consumption tax reform since 2014. After gradual reform and improvement, the framework of the tax system is basically mature, the elements of the tax system are basically reasonable, and the operation is basically stable. Therefore, the draft keeps the current framework of the tax system and the overall level of tax burden unchanged.