What is the preferred value-added service fee?

Preferred value-added service fee is a value-added service that banks need cardholders to pay or redeem points in order to protect the rights and interests of cardholders.

General value-added service fees are supervised by the regulatory authorities, and banks will inform users through credit card websites, application forms and collection agreements when handling cards. In other words, the preferred value-added service fee is the fee charged by credit card.

Credit card optimization value-added service fee is a value-added service that banks need cardholders to pay or redeem points in order to protect their rights and interests.

Some credit cards have good value-added service fees, such as the protection of account security and high aviation accident insurance. Generally, these value-added service fees are stipulated by the regulatory authorities, and banks will inform users through credit card websites, application forms and collection agreements when handling cards.

legal ground

Provisional Regulations of People's Republic of China (PRC) Municipality on Value-added Tax

Article 8 The value-added tax paid or borne by taxpayers for purchasing goods, labor services, services, intangible assets and real estate is the input tax.

The following input taxes are allowed to be deducted from the output tax:

(1) VAT indicated on the special VAT invoice obtained from the seller.

(2) The value-added tax indicated in the special payment book for customs import value-added tax obtained from the customs.

(3) For purchasing agricultural products, except for obtaining special VAT invoices or customs import VAT payment letters, the input tax shall be calculated according to the purchase price of agricultural products and the deduction rate 1 1% indicated in the purchase invoices or sales invoices of agricultural products, unless otherwise stipulated by the State Council. Input tax calculation formula:

Input tax = purchase price * deduction rate

(4) Value-added tax indicated on the tax payment certificate for withholding and remitting taxes obtained from tax authorities or withholding agents when purchasing labor services, services, intangible assets or domestic real estate from overseas units or individuals.

The adjustment of deduction items and deduction rate shall be decided by the State Council. Article 9 If a taxpayer purchases goods, labor services, services, intangible assets and real estate, and the VAT deduction voucher obtained does not conform to laws, administrative regulations or the relevant provisions of the competent tax authorities in the State Council, the input tax shall not be deducted from the output tax. Article 10 The input tax of the following items shall not be deducted from the output tax:

Goods, services, intangible assets and real estate purchased for simple taxable items, items exempted from value-added tax, collective welfare or personal consumption;

(two) abnormal losses of purchased goods and related labor and transportation services;

(3) Goods purchased (excluding fixed assets), services and transportation services consumed by products in process and finished products with abnormal losses;

(four) other projects stipulated by the State Council.