In the VAT rate, books are subject to low tax rate.
According to the latest VAT rate, starting from April 20 19 1 day, the average VAT taxpayer sells or imports books, newspapers and magazines, and the tax rate is reduced to 9%.
Book value-added tax can be exempted.
According to the regulations, the value-added tax of book wholesale and retail can be exempted from 20 18 to the end of 2020. However, it should be noted that sales of duty-free goods are not allowed to use special VAT invoices.
Book VAT can be refunded first.
According to the regulations, the value-added tax of some specific books and publications is subject to the policy of 100% first collection and refund.
There are seven kinds of publications that can enjoy this policy during the publishing process. They are government newspapers, newspapers and periodicals for children, newspapers and periodicals for the elderly, publications in minority languages, braille books and periodicals, and publications approved by publishing units registered in Inner Mongolia, Guangxi, Tibet, Ningxia and Xinjiang. Annex 65433 of the Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Continuing to Promote Preferential Policies for Cultural Value-added Tax (Cai Shui [2018] No.53).
In the publishing process, all kinds of books, periodicals, audio-visual products and electronic publications can enjoy the 100% VAT policy. However, because China only collects VAT once in the circulation link, the first-class publications that implement 100% first levy and retreat in the publishing link do not enjoy this link policy. In addition, the newspapers listed in Annex 2 of the Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Continuing to Promote Preferential Policies for Cultural Value-added Tax (Caishui [2065438+08] No.53) do not enjoy the publishing link.
Publications enjoying 100% VAT refund in printing and production business, including the printing or production business of minority language publications, and the printing business of printing enterprises in Xinjiang Uygur Autonomous Region listed in Annex 3 (Caishui [2018] No.53).
Taxpayers who enjoy the policy of "first collecting and then returning" must be publishing units with relevant publications publishing licenses. Moreover, publications that enjoy this tax preference should be financially accounted separately, otherwise they will not be able to enjoy the first levy and retreat. Electronic publications that have enjoyed the VAT refund policy according to software products shall not apply for the VAT refund policy according to the above provisions.
In the collection of value-added tax, books and publications not only enjoy low tax rate, but also enjoy exemption and tax refund, and the scope of application of various methods should be clearly distinguished. If you want to know more about finance and taxation, please pay attention to the official account of WeChat.