Can motor vehicle invoices be used to deduct input tax?
1 Answers
Motor vehicle invoices can be used for deduction. Additional information: All units and individuals engaged in motor vehicle retail business must issue the unified motor vehicle sales invoice printed by the tax authorities when collecting payments for selling motor vehicles (excluding used motor vehicles). The financial special seal or invoice special seal shall be affixed on the invoice copy, while the deduction copy and tax declaration copy shall not bear any seals. Relevant regulations on railway transportation: For accepting railway transportation services, the input tax shall be calculated based on the transportation cost amount indicated on the railway transportation cost settlement document and a 7% deduction rate. The input tax calculation formula is: Input tax = Transportation cost amount × Deduction rate. The transportation cost amount refers to the transportation costs (including temporary railway lines and dedicated railway line transportation costs) and construction fund indicated on the railway transportation cost settlement document, excluding other miscellaneous fees such as loading/unloading fees and insurance premiums.