To be credited against the cost of equipment purchase value-added tax business p
From January 1, 2009, the "Provisional Regulations on People's Republic of value-added tax" has been officially implemented. The new regulations, the state tax department allows companies to offset the VAT contained in the newly acquired equipment. The Provisional Regulations on the implementation of the VAT to the vast number of equipment purchases will bring much more benefits. Which is consistent with what conditions, how can we enjoy the procurement policy of the tax concessions?
( Heavy business with the power feed)
VAT beneficial equipment procurement enterprises
The main elements of value-added tax reform: the production of value added tax adjustment for the consumption-type VAT, allowing enterprises to offset the purchase of equipment contained in the new value-added tax, and removing the VAT exemption of imported equipment and foreign-invested enterprises Purchase of Domestic Equipment VAT refund policy.
VAT significant impact on the construction machinery industry, greatly reduce the tax burden on downstream industries and increase cash flow, stimulate for equipment investment, technological upgrading. In the long run, economic growth in the future of stability and a rising cycle, consumption-based value-added tax policy will play a magnifying effect, upgrading equipment to speed up enterprises, thereby stimulating rapid growth in demand for machinery products.
Construction machinery industry is capital-intensive industry, so when our country became the world's construction machinery manufacturing country, the annual business for a variety of machines, machinery, transport equipment and other production and business-related equipment, tools, appliances investment, the amount is huge. The role of tax cuts, on every day to deal with such investments can be said for the benefit of entrepreneurs.
Cheap VAT deduction
To a company to buy 10 million yuan in transport equipment, for example, if the company directly to purchase this equipment, the first pay all costs, you can enjoy the value-added tax deductible, only 8.3 million yuan can be the actual purchase 10 million yuan transit equipment, therefore the total acquisition cost will save 1.7 million yuan. However, if by Finance leases Manner over three years to buy, even though companies can pay in installments, but in addition to more than 300 million a year to pay rent and other service charges, VAT should normally pay; if companies let the sub-strip construction team as the main procurement procurement, construction team can not enjoy because the deductible, so 1.7 million yuan of the large amount of money can only be in vain to give up; if enterprises Lease Leased 10 million yuan of goods, can not enjoy the 1.7 million yuan of value added tax deduction. These high income, if the company used properly in the procurement of equipment into the enterprise will be additional revenue, but if you do not change the original procurement, the only "look to gold beyond the reach of" the.
VAT will change the management of existing enterprise equipment acquisition mode
Our original General Accounting standards require companies to reach 8-year equipment depreciation of such enterprises to purchase and use of equipment is often a "new three-year, three years old, mend them for another three years," and this company to purchase equipment time is often the pursuit of durable, high acquisition costs caused on the one hand, on the other hand the high cost of equipment to use later, inefficient enterprises overall device efficiency is not high.
Reforms aimed at changing the state enterprise the original equipment purchase and management, promote enterprises to choose the right products quickly updated equipment to improve efficiency in the use of equipment, this is really a good thing we benefit!
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