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Q：
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The "total price" as mentioned in Article 17 of the Value-Added Tax Law does not include which taxes or fees or payments that the taxpayer collects on behalf of others?
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A：
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Government funds or administrative charges;
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Consumption tax generated from the processing of taxable consumer goods by a third party;
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Vehicle purchase tax and vehicle and vessel tax;
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Payments received on behalf of the client through the issuance of invoices in the client's name.
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Q：
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If taxpayers adopt the method of combining sales amount and VAT tax amount for pricing, what formula should be used to calculate the sales amount?
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A：
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Sales amount under the general taxation method = Tax-inclusive sales amount ÷ (1 + tax rate)
Sales amount under the simplified taxation method = Tax-inclusive sales amount ÷ (1 + levy rate)
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Q：
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If taxpayers settle their sales amounts in currencies other than the Renminbi, when converting these amounts into Renminbi for calculation, how should the conversion rate be chosen?
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A：
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If a taxpayer settles the sales amount in a currency other than the Renminbi, when calculating it in Renminbi, the conversion rate can be chosen as the effective mid-price of the Renminbi exchange rate on the day the sales occurred or on the 1st day of the month. Once the conversion rate is determined by the taxpayer, it cannot be changed within 12 months.
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Q：
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The third item of Article 22 of the Value-Added Tax Law refers to what is meant by "abnormal losses"?
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A：
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It refers to situations where goods are stolen, lost, or spoiled due to poor management, or where goods or real estate are lawfully confiscated, destroyed, or dismantled due to violations of laws and regulations.
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Q：
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What does the first item of Article 24, Paragraph 1 of the Value-Added Tax Law refer to as "agricultural producers"?
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A：
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It refers to units and individuals engaged in agricultural production; agricultural products refer to primary agricultural products.
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FAQ
