Private enterprises sell fixed assets mainly to reduce the cost and depreciation of idle equipment. Generally speaking, it is a way for general private enterprises to slim down.

Sales and tax payment of fixed assets used by the company:

1, second-hand goods business units, no matter what second-hand goods are sold, will be levied at a rate of 4% by half;

2. Taxpayers (including other individuals) other than second-hand business units sell motorcycles, yachts and cars that they have used for consumption tax. If the price does not exceed the original value, they will be exempted from VAT. If the price exceeds the original value, they will be halved at the rate of 4%.

3. Enterprises that meet the following three conditions are exempt from VAT when selling old fixed assets:

(1) Goods listed in the Catalogue of Fixed Assets of Enterprises;

(2) Goods managed by the enterprise according to its fixed assets and actually used;

(3) The selling price shall not exceed the original value of the goods.

4. Other individuals (natural persons, excluding self-employed) who sell second-hand goods other than used motorcycles, yachts and automobiles subject to consumption tax shall be exempted from value-added tax;

5 units and individual industrial and commercial households selling goods that do not belong to the following categories shall pay taxes according to the applicable tax rate of the goods sold;

(a) second-hand business units to sell second-hand goods;

② Taxpayers sell their used taxable fixed assets;

③ Taxpayers sell used motor vehicles, motorcycles and yachts for which consumption tax is levied.

6. Second-hand commodity sales income is tax-included income, which should be converted into tax-excluded price when calculating. The formula is: VAT payable for selling second-hand goods = selling price ÷ (1+4%) × 4% ÷ 2.