Tax deductible for rent / land transfer fee
1. From January 1, 2018, the VAT input of rented fixed assets and real estate can be deductible in full amount if they are used to the ITEM calculated not only by the general tax method, but also by the simple tax method, VAT exemption, Collective welfare or personal consumption
2. From 1 May 2016 to 30 June 2017, the taxpayer transferred the contracted land by the ways of Subcontract, lease, exchange, transfer, and investment to the agricultural producers for agricultural production are exempted from VAT tax.
3. From 1 May 2016, Membership fees collected by social groups are duty-free from VAT. The overpaid tax can be deducted in the following month VAT payable or applied for tax refund.
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