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Q:
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Enterprises sell goods by discounting method of ‘deduction of $X on every $Y spent’, how should they issue VAT invoice?
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A:
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For discount sales, if the sales amount and the discount amount are separately indicated on the same VAT invoice, VAT can be levied according to the sales amount after discount.
For discount sales, the term ‘the sales amount and the discount amount are separately indicated on the same VAT invoice’ refers to separately stating the sales amount and discount amount in column ‘Amount’ in the same VAT invoice. Not doing so, for example, only stating discount in column ‘Remark’, the discount amount cannot be deducted from sales amount.
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Q:
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How to determine sales income if enterprise sells goods by ‘deduction of $X on every $Y spent’?
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A:
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Discounting method of ‘deduction of $X on every $Y spent’ is business discount. Taxpayers should determine the sales income based on the amount after business discount.
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Q:
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For those blind boxes given to customers free of charge during livestream sales, are they subject to VAT?
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A:
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Yes, they are deemed sales.
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Q:
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How to determine the selling price of deemed sales of goods?
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A:
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If the taxpayer has deemed sales of goods without actual sales income, the sales income shall be determined in the following sequence:
1. The average selling price of the same goods sold by the taxpayer recently;
2. The average selling price of the same goods sold by other taxpayers recently;
3. The composite assessable price, the formula is as below:
The composite assessable price = Cost ×(1 + Mark-up)
The composite assessable price of those subject to consumption tax shall add up the amount of consumption tax.
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Q:
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Where the consumer returns the goods in the same month of electronic general VAT invoice being issued, can the electronic VAT invoice be voided?
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A:
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The electronic VAT invoice cannot be void after issuance, but the taxpayer may issue red-letter electronic general VAT invoice to off-against it.
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FAQ
