增值税法系列宣传丨进项税额抵扣

Core Viewpoint - The article discusses the regulations regarding the input tax deduction under the Value-Added Tax (VAT) Law of the People's Republic of China, outlining which input taxes can and cannot be deducted by taxpayers [10][11]. Summary by Sections Deductible Input Tax - Taxpayers can deduct input tax from the output tax for the following items: - VAT amounts listed on tax payment certificates for tangible assets or domestic real estate [4]. - Input tax calculated based on agricultural product purchase invoices or sales invoices, unless otherwise specified by the State Council [4]. - Other VAT deduction certificates received from the seller that specify or include VAT amounts [4]. Non-Deductible Input Tax - According to Article 22 of the VAT Law, the following input taxes cannot be deducted from the output tax: - Input tax corresponding to items taxed under the simplified tax method [4]. - Input tax corresponding to exempt VAT items [4]. - Input tax related to abnormal loss items [4]. - Input tax for goods, services, intangible assets, or real estate purchased for collective welfare or personal consumption [4]. - Input tax for dining services, daily services for residents, and entertainment services directly used for consumption [4]. - Other input taxes as specified by the State Council [4]. Loan Service Input Tax - The input tax corresponding to interest expenses on loan services and related fees such as advisory fees, handling fees, and consulting fees paid to the lender cannot be deducted from the output tax [4].