What percentage of VAT input tax can be deducted? Or a total deductible?

Well, as the case may be, generally speaking, the input tax on special VAT invoices can be fully deducted. Details are as follows:

"Provisional Regulations on Value-added Tax in People's Republic of China (PRC)" Article 8 The value-added tax paid or borne by taxpayers for purchasing goods or receiving taxable services (hereinafter referred to as purchasing goods or taxable services) 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, in addition to obtaining the special VAT invoice or the special payment letter for customs import VAT, the input tax shall be calculated according to the purchase price of agricultural products and the deduction rate of 65,438+03% indicated in the agricultural product purchase invoice or sales invoice. Input tax calculation formula:

Input tax = purchase price × deduction rate

(4) Where goods are purchased or sold in the course of production and operation and transportation expenses are paid, the input tax shall be calculated according to the transportation expenses amount indicated in the transportation expense statement and the deduction rate of 7%. Input tax calculation formula:

Input tax = transportation expense amount × deduction rate

The adjustment of deduction items and deduction rate shall be decided by the State Council. However, the input tax of the following items shall not be deducted from the output tax: (1) purchasing fixed assets;

(2) Goods purchased or taxable services used for non-taxable items;

(3) Goods purchased or taxable services used for tax-free items;

(4) Goods purchased or taxable services used for collective welfare or personal consumption;

(5) Abnormal loss of purchased goods;

(6) Goods purchased or taxable services consumed by products in process and finished products with abnormal losses.

I hope it helps you!