The impact of the hottest VAT transformation on th

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The impact of the transformation of value-added tax on the financing of printing equipment

China has implemented a new value-added tax policy since January 1, 2009, one of which is the value-added tax paid by enterprises when purchasing equipment, which can be used as input tax and output tax when selling products. This greatly encourages the investment desire of enterprises and reduces the cost of purchasing equipment. It is very consistent with the requirements of China to continue to expand domestic demand in the face of the financial tsunami

what impact does the introduction of this policy have on the financial leasing of the printing industry? We need to look at the characteristics of printing equipment finance lease tax to analyze the advantages and disadvantages. The leasing objects of financial leasing are mainly small and medium-sized enterprises

most of the leasing enterprises are cash transactions, and the financial communication (see tear strength) is often not standardized

most of the leased items are limited to the elongation at break or elongation at yield given in gb13022 ⑼ 1 "test method for tensile properties of plastic films" of five well-known brand printing machines with imported equipment( ε T machinery, they are using Chinese funds to take risks for their credit sales

so far, only one manufacturer of Shanghai dianyi zigzag gas has set up its own financial leasing company to carry out credit sales in the form of leasing; If the relevant parts fail to meet the requirements and are put into use,

the lessee signs a purchase contract with the manufacturer and then carries out financial leasing by selling and leaseback. Small and medium-sized enterprises do not need to deduct the printing equipment purchased through financial leasing because of their financial irregularities. Secondly, because there is no deduction, the import value-added tax of imported equipment has increased the purchase cost compared with the previous tax reduction and exemption policies

according to the normal procurement procedures, if the enterprise imports printing equipment, it can deduct the value-added tax according to the sales based on the import value-added tax payment form of the customs. Therefore, there is no loss to the printing industry and no additional income. In the past, tariffs and import value-added taxes on imported equipment were mostly tax-free. Although the value-added tax is now levied, it can be deducted from the output tax generated during sales

after China implemented the value-added tax transformation, the financial leasing industry encountered a problem: in order to ensure the real right of the leased goods, the buyer of the leased goods is usually the leasing company, and the leasing company cannot issue value-added tax invoices to the leasing enterprise because it is a service organization, not an ordinary taxpayer. The tax department regards the leasing company as the final consumer, and the value-added tax flow ends when it is transferred to the leasing company. However, the lessee cannot deduct by virtue of the special VAT invoice issued by the manufacturer to the lessor, so the cost of adding fixed assets through financial leasing for domestic equipment is higher than the cost of direct procurement by printing enterprises

imported equipment has such an advantage. First, the international general invoice adopts the commercial invoice, which is issued by the enterprise and has several originals. Although the front desk is a leasing company (in fact, it is the same for everyone), it can be opened to leasing companies, import agents, lessees, customs, transportation, insurance and other departments respectively. Secondly, the import value-added tax is paid by the lessee, and the tax payment form of the customs is directly issued to the lessee. Therefore, the lessee can use it for direct deduction

the lessee cannot deduct the financial lease of domestic equipment due to the format of the special VAT invoice. There is no such treatment. Originally, the share of domestic equipment financial leasing is not much. If it continues to develop like this, it is equivalent to shooting the financial leasing transaction mode of domestic equipment. This is very detrimental to the country's desire to expand domestic demand. However, there is no way. This is not a problem in the printing industry, but a problem encountered by the whole financial leasing industry. Although they are appealing to the tax department, and the tax department also recognizes the existence of this problem, there is no sign of solution so far

One of the purposes of VAT reform is to make enterprises, especially small and medium-sized enterprises, operate in a standardized manner in finance. Since most of your VAT deductions are cash operations, you can ignore whether it can be deducted. However, it must pay 17% more purchase tax than the enterprises with financial norms and deductible. In the future, tax evasion and tax evasion will not be allowed for cash based transactions

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