Talk about the VAT reduction

event:

event:

The second session of the 13th National People's Congress opened on the morning of March 5 at the Great Hall of the People in Beiji.

Popular science VAT

Popular science VAT

The so-called value-added tax is a kind of turnover tax that is taxed on the value-added generated by the production and circulation of commodities and the provision of labor servic.

3% tax reduction ≠ 3% price reduction

3% tax reduction ≠ 3% price reduction

The reduction in the value-added tax rate is good for the plastics chemical indust.

	Before tax cuts	after tax cut
input tax	10000*16%=1600	10000*13%=1300
output tax	12000*16%=1920	12000*13%=1560
VAT	1920-1600=320	1560-1300=260
actual profit	12000-10000-320=1680	12000-10000-260=1740

　Input tax before and after tax reduction 10000*16%=1600 10000*13%=1300 Output tax 12000*16%=1920 12000*13%=1560 VAT 1920-1600=320 1560-1300=260 Actual profit 12000 -10000-320 = 1680 12000-10000-260 = 1740 Before tax reduction and after tax reduction _ *16%=1600 10000*16%=1600 10000*16%=1600 10000*13%=1300 10000*13%=1300 10000*13%=1300 Output tax 12000*16%=1920 12000*13%=1560 Output tax Output tax 12000*16%=1920 12000*16%=192012000*16%=1920 12000*13%=1560 12000*13%=1560 12000*13%=1560 VAT 1920-1600=320 1560-1300=260 VAT 1920-1600 =320 1920-1600=320 1920-1600=320 1560-1300=260 1560-1300=260 1560-1300=260 Actual profit 12000-10000-320=1680 12000-10000-260=1740 Actual profit Actual profit 12000-10000-320=1680 12 -320=1680 12000-10000-320=1680 12000-10000-260=1740 12000-10000-260=1740 12000-10000-260=1740

Reduce the value-added tax, which means that before April 1st, you have to pay 320 yuan (2000×16%), and now you only need to pay 260 yuan (2000×13%), which is 60 yuan less value-added tax instead of 12,000* 3%=360 yu.

	Before tax cuts	After tax reduction (assuming a 3% price reduction)
input tax	10000*16%=1600	10000*13%=1300
output tax	12000*16%=1920	12000*(1-3%)*13%=1512
VAT	1920-1600=320	1512-1300=212
actual profit	12000-10000-320=1680	12000*(1-3%)-10000-212=1428

　Before tax reduction and after tax reduction (assuming a 3% price reduction) input tax 10000*16%=1600 10000*13%=1300 output tax 12000*16%=1920 12000*(1-3%)*13%=1512 value added tax 1920-1600=320 1512-1300=212 Actual profit 12000-10000-320=1680 12000*(1-3%)-10000-212=1428 Before tax reduction and after tax reduction (assuming a 3% price reduction) before tax reduction Before tax reduction (assuming a 3% price reduction) after tax reduction (assuming a 3% price reduction) input tax 10000*16%=1600 10000*13%=1300 input tax input tax 10000*16%=1600 10000*16%=1600 10000 *16%=1600 10000*13%=1300 10000*13%=1300 10000*13%=1300 output tax 12000*16%=1920 12000*(1-3%)* 13 %=1512 output tax tax12000*16%=1920 12000*16%=1920 12000*16%=1920 12000*(1-3%)*13%=1512 12000*(1-3%)*13%=1512 12000*(1-3 %)*13%=1512 VAT 1920-1600=320 1512-1300=212 VAT 1920-1600 =320 1920-1600=320 1920-1600=320 1512-1300 =212 1512-132-=212 1300=212 Actual profit 12000-10000-320=1680 12000*(1-3%)-10000-212=1428 Actual profit Actual profit 12000-10000-320=1680 12000-10000-320=1680 12000-10000-320 1680 12000*(1-3%)-10000-212=1428 12000*(1-3%)-10000-212=1428 12000*(1-3%)-10000-212=1428

In this comparison, the profit was 252 yuan less than the original price and no tax reduction (1680 yuan before the tax cut - 1428 yuan after the tax cut (down 3%)), and the profit decreased by 10

So if you drop your customer by 3% and your supplier doesn't drop you at the same time, there will be a big loss in prof.

Impact of VAT reduction on domestic polyolefins

Impact of VAT reduction on domestic polyolefins

The value-added tax is reduc.

In general, the reduction of value-added tax, a major measure to reduce the burden on enterprises and stimulate market vitality, allows various industries, especially manufacturing, small and micro enterprises and other real economies to enjoy major policy dividends, but as far as the polyolefin market is concerned , tax reduction may support prices in a certain period of time, but overall, the factors affecting market price changes depend on upstream raw materials, petrochemical policies, supply and demand, and futures marke.