Tax 3.Value-added Tax
Value-added tax is the taxpayer of value-added production and management activities a kind of indirect tax levied. Collection covering all aspects of industrial production, commercial wholesale and retail sectors and the provision of processing, repairing, repair labor, as well as imported goods. Outside the duty to implement value-added tax value. The collection of management in Hong Kong Limited Company is divided into general taxpayers and small-scale taxpayers, more than the required standard that is engaged in the production of goods or providing taxable services for taxpayers with annual sales of more than 1 million yuan or engage in wholesale or retail goods, taxpayers with annual sales of at 180 million yuan, upon application approval recognized as the general taxpayer, taxpayers in general the basic rate is 17% or 13%, have the right to employment visa is needed to use VAT invoices and the amount required to obtain input tax deductions on the right. Small-scale taxpayers, according to a 6% rate of levy collection, not employment visa is needed value-added tax invoices shall be deducted the amount of input tax.