PDF《Hong Kong Tax Base》

6 Need to Broaden the Tax Base Need to Broaden the Tax Base 需要扩N税基 需要扩N税基 ? ? One of the options: Goods and One of the options: Goods and Services Tax (GST) Services Tax (GST) 其中一个考虑的方案:商品及服务税 其中一个考虑的方案:商品及服务税

7 What is GST? What is GST? 何谓 何谓商品及服务税 商品及服务税? ? ? ? Also known as Also known as " "Value Value- -Added Tax Added Tax" " 又称为「增值税」 又称为「增值税」 ? ? Levied on local consumption Levied on local consumption 向本地消费徵税 向本地消费徵税 ? ? Collected at each stage of the Collected at each stage of the production and distribution chain production and distribution chain 在生产和分销过程的每个阶段徵收 在生产和分销过程的每个阶段徵收 ? ? Borne by end consumers Borne by end consumers 由最终消费者承担 由最终消费者承担

8 What is Output Tax and Input Tax? What is Output Tax and Input Tax? 何谓 何谓「销项税」和「进项 「销项税」和「进项税 税」 」? ? Raw material manufacturer 原材? 制造商 End consumer 最终消费者 Supplier 供应商 A simple example 简单?子 Purchase of input materials 购买材? Sale of goods 销售 GST paid on purchase "Input Tax" 购买材?时所付的 商品及服务税 「进项税」 GST collected on behalf of the Government "Output Tax" 代政府收的商品及 服务税「销项税」

9 GST Tax Credit Mechanism GST Tax Credit Mechanism 商品及服务税 商品及服务税的税收 的税收抵 抵免机制 免机制 GST charged on sales 销售商品和服务时收取的商品及服务税 Output Tax (销项税) Less 减GST paid on purchases 购买材?时缴交的商品及服务税 Input Tax (进项税) Net GST 商品及服务税净额 Output Tax Less Input Tax (销项税减进项税) Equals 等於 Payable to the tax authority 须向税务当局缴纳的税款 Refundable by the tax authority 可获税务当局退还的税款 Negative 负? Positive 正?

10 How GST Operates How GST Operates 商品及服务税的 商品及服务税的运 运作 作模式 模式 Destination Principle Destination Principle 目的地 目的地原则 原则 ? ? Levy on local consumption Levy on local consumption 向本地消费徵税 向本地消费徵税 ? ? Zero rate for export of goods and Zero rate for export of goods and international services international services 出口商品和国际服务实施?税? 出口商品和国际服务实施?税? ? ? GST on imports for local consumption GST on imports for local consumption 供 供本地?用的 本地?用的进口商品 进口商品在进口时 在进口时则须缴纳 则须缴纳商品 商品 及服务税 及服务税

11 How GST Operates How GST Operates 商品及服务税的运作 商品及服务税的运作模 模式 式Registration threshold Registration threshold 登记起徵点 登记起徵点 ? ? Business turnover > Registration threshold Business turnover > Registration threshold Mandatory registration Mandatory registration 企业营业额 企业营业额 > >登记起徵点 登记起徵点 → → 强制性登记 强制性登记 ? ? Business turnover < Registration threshold Business turnover < Registration threshold No registration or voluntary registration No registration or voluntary registration 企 企业营业额 业营业额 <