Input tax refers to the value-added tax paid or borne by taxpayers when they purchase goods, processing, repair and replacement services, services, intangible assets or real estate. Input tax = (purchased raw materials, fuel, power) × tax rate. Input tax refers to the value-added tax paid for the purchase of goods or taxable services in the current period. In enterprise calculation, VAT payable is the number of output tax minus input tax. Therefore, the input tax amount is directly related to the tax amount. In general, the following formulas are used when calculating financial statements:

Input tax = (purchased raw materials, fuel, power) * tax rate

Input tax is the money that has been paid, and it is recorded in the debit when making accounting entries.

Deducting extra account is an account used to deduct and increase the balance of the adjustment account to obtain the actual balance of the adjustment account. When the balance of offset additional account is opposite to the balance of adjusted account, the adjustment method is the same as that of offset account; When the balance is in the same direction as the balance of the adjusted account, the adjustment method is the same as that of the additional account.

Provisions on the policy of value-added tax deduction in the Announcement on Deepening the Policy of Value-added Tax Reform

From April 2065438 1 day to April 20265438 1 day and February 202654381day, taxpayers in the production and life service industries are allowed to add 10% of the deductible input tax in the current period to deduct the taxable amount (hereinafter referred to as the addition and deduction policy).

(1) Taxpayers in the production and life service industries mentioned in this announcement refer to taxpayers whose sales of postal services, telecommunications, modern services and life service industries (hereinafter referred to as the four major services) account for more than 50% of the total sales. The specific scope of the four services shall be implemented in accordance with Notes on Sales Services, Intangible Assets and Real Estate (Caishui [2065438+06] No.36).

For taxpayers established before March 3 1, 20 19, the sales from April 20 19 to March 20 19 (if the operating period is less than 12 months, it is calculated according to the actual operating period sales) meet the above requirements, from 20/.

For taxpayers established after April 1 2009, if their sales for three months from the date of establishment meet the above requirements, the tax deduction policy shall apply from the date of registration as general taxpayers.

After the taxpayer determines that the deduction policy is applicable, it will not be adjusted in the current year, and whether it is applicable in future years will be determined according to the sales volume of the previous year.

The deductible amount that taxpayers can accrue but not accrue can be accrued at the same time in the current period when the applicable deduction policy is determined.