Annual VAT tax deduction is expected to exceed 140 billion yuan

State administration of taxation data show that the first half of the national value-added tax on average monthly income tax on fixed assets of 12.35 billion yuan, value-added tax after a comprehensive transformation, this part of the tax can deduct VAT, so the annual VAT tax deduction is expected to exceed 140 billion yuan.　　Analysts believe that the reform of value-added tax transformation is greater, the impact on corporate tax relief is obvious, conducive to economic stability and recovery. Data show that the first half of this year, the general taxpayer of the national value-added tax on fixed assets input tax of 87 billion yuan, deducted from the northeast, the central region in 2008 carried over to this year offset the fixed assets input tax amount of 12.9 billion yuan, the first half of this year new fixed assets input tax should be 74.1 billion yuan, The average monthly fixed assets input tax is 12.35 billion yuan.　　According to the calculation, the annual fixed assets input tax may reach 148.2 billion yuan, far more than last year's estimated 120 billion yuan. This year, in order to reduce corporate tax burden, all regions of China, all industries began to implement value-added tax transformation reform, allowing enterprises to offset the new purchase equipment included in the value-added tax, the small scale of the taxpayer's value-added tax levied on a unified reduction to 3%, and some of the mineral value added tax rate to 17%.