010-6097 4119Book a Demo
Don't miss it! New rules for railway reimbursement vouchers, key points for VAT deduction on transportation expenses!Published: 2023-11-16 11:30 According to the "China Railway" WeChat official account, in order to further optimize passenger transport business handling, facilitate passengers in obtaining reimbursement vouchers, and improve the passenger travel experience, starting from July 1, 2023, China Railway will launch new styles for refund fee reimbursement vouchers and refund reimbursement vouchers. The related old-style reimbursement vouchers will be discontinued at the same time.
According to the Announcement of the Ministry of Finance, the State Taxation Administration, and the General Administration of Customs on Policies Concerning Deepening the VAT Reform (Ministry of Finance, State Taxation Administration, General Administration of Customs Announcement No. 39 of 2019), starting from April 1, 2019, where a taxpayer purchases domestic passenger transport services, the input VAT is allowed to be deducted from output VAT. Some taxpayers are unclear about how to deduct VAT on transport expenses and what precautions to take. Today, the editor has compiled the relevant policies; let's take a look! Types of transportation expense deduction vouchers and input VAT calculation （1.）For VAT special invoices obtained for eligible domestic passenger transport services, the input VAT is allowed to be deducted from output VAT. （II）Where a VAT special invoice has not been obtained, input tax shall be determined temporarily according to the following provisions: 1.VAT electronic ordinary invoice For example: the VAT electronic ordinary invoices issued by some ride-hailing platforms, the VAT amounts indicated on such invoices are all deductible. 2.Train tickets that indicate passenger identity information Input tax on railway passenger transport = face amount/(1+9%)×9% For example: taxpayer A obtains a train ticket with a face value of 300 yuan, and the deductible input tax is 300/(1+9%)×9%=24.77 yuan. 3.Air transport electronic ticket itineraries that indicate passenger identity information Input tax on air passenger transport = (fare + fuel surcharge) ÷ (1+9%) × 9% For example: taxpayer B obtains an air transport electronic ticket itinerary, with a fare of 700 and a fuel surcharge of 60, so the deductible input tax is (700+60)/(1+9%)×9%=62.75 yuan 4.Other passenger tickets for highway, waterway, etc. that indicate passenger identity information Input tax on road, waterway, and other passenger transport = face amount ÷ (1+3%) × 3% For example: taxpayer C obtains a road passenger ticket with a face value of 10 yuan, and the deductible input tax is 10/(1+3%)×3%=0.29 yuan. Precautions(1) Deductible domestic passenger transport services are limited to domestic passenger transport services incurred by employees who have signed labor contracts with the unit, as well as labor dispatch employees accepted by the unit as an employing unit.(II) The input tax amount on domestic passenger transport services that taxpayers are allowed to deduct refers to the VAT amount actually incurred by the taxpayer on or after April 1, 2019, and deducted with currently legitimate and valid VAT deduction vouchers. Where a VAT special invoice or VAT electronic ordinary invoice is used as the VAT deduction voucher, the issuance date of the VAT special invoice or VAT electronic ordinary invoice shall be on or after April 1, 2019. (3) VAT electronic ordinary invoices are issued through the VAT electronic invoice system and may be issued to individuals or entities. Where a taxpayer purchases domestic passenger transport services and uses the tax amount indicated on the obtained VAT electronic ordinary invoice as the input tax amount, the purchaser's "name," "taxpayer identification number," and other information indicated on the VAT electronic ordinary invoice shall be consistent with the taxpayer actually deducting the tax. Policy basis1. Announcement of the Ministry of Finance, State Taxation Administration, and General Administration of Customs on Policies Related to Deepening VAT Reform (Announcement No. 39 of 2019 of the Ministry of Finance, State Taxation Administration, and General Administration of Customs)2. Announcement of the State Taxation Administration on VAT Collection and Administration Issues Concerning Input Tax Deduction for Domestic Passenger Transport Services (State Taxation Administration Announcement No. 31 of 2019) |
