Take good notes! Cultural relics and artworks can enjoy the opening of natural persons
From 1 May 2020, if the individual entrusting party of the auction of cultural relics and artworks enjoys the "VAT exemption policy", the auction company may issue a general VAT invoice to the buyer in its own name for the price of the goods collected on behalf of the buyer, and the corresponding price of the goods is not included in the VAT taxable income of the auction house. This is the first official ticket for the collection of cultural relics in the private collection. For enterprises, the investment assets can be recorded in the accounts, and the structure of enterprise assets and liabilities can be adjusted; for the antique industry, it has finally ushered in the correct name of cultural relics and artworks.
The art and antique industries are relatively unfamiliar with taxes and do not understand that taxes are a passport to the capital market and finance. The biggest piece of income recognized by the listing of enterprises is the supplementary tax. In 2012, the customs set off a storm of art tax inspection, the core of which is to crack down on enterprises and institutions using art to launder money and avoid taxes.
So how should the industry pay VAT and individual tax?
VAT: The above-mentioned VAT exemption policy refers to the auction of cultural relics and works of art as long as it includes the sale of old books, other individuals selling items they have used, etc., referring to natural persons, excluding self-employed households. At this time, in line with the conditions for VAT exemption, the auction company can issue a VAT invoice to the buyer according to the amount of the auction price, and the auction company does not calculate the vat payment, and at the same time issues a VAT invoice to the entrusting party according to the commission and pays the VAT. If this is not the case, the seller will issue a VAT invoice to the buyer. If the auctioneer is an enterprise, the enterprise will issue a VAT invoice to the buyer for the auction price and pay VAT.
Individual tax: One is the individual's auction of his own written works, which belongs to the income from royalties, and the balance after subtracting 800 or 20% of the transaction price is multiplied by 20% of the prepaid individual tax into the comprehensive income of the current year, and the annual remittance is cleared. The rest of the case belongs to the balance of the final auction transaction price of the property transfer income after deducting the original value of the property and reasonable expenses, multiplied by the 20% tax rate to calculate the individual tax. If the legal, complete and accurate original value of the property cannot be provided, the original value of the property cannot be correctly calculated, and the individual tax is calculated according to the final auction transaction price multiplied by the 3% levy rate, and the auction item is determined by the cultural relics department to be an overseas returned cultural relic, the individual tax is calculated and paid according to the final auction transaction price multiplied by the 2% levy rate. If the content of the property original value certificate is not standardized, or if the original value certificate of the property includes multiple lots and the corresponding original value of each lot cannot be confirmed, it is deemed that the legal, complete and accurate property original value certificate cannot be provided, and the individual tax is calculated according to the above collection rate.
In summary, the main tax of cultural relics and artworks is a tax, although most of the industry is relatively free of wealth, but can not be invoiced, tax-saving situation, at this time, we can choose natural persons on behalf of the open, the park natural persons on behalf of the comprehensive tax rate of 1.7% -2.5%, one-time tax payment, there is a tax payment certificate, usually 1-3 jobs such as can get tickets! Now Shandong, Chongqing, Hubei, Yunnan and other places can enjoy the natural person on behalf of the approved policy, natural person on behalf of the opening does not need to be present in person, only need to provide relevant information about natural persons, but the premise is to ensure that the business is true!
Saving taxes through reasonable and legal channels is a great necessity for every taxpayer! Preferential tax greatly takes you together with civilized tax savings!
Learn more about preferential tax policies, pay attention to "Preferential Tax"