Bank acceptance bills charged by the special invoice issued can be deducted?

Answer: according to the "Ministry of Finance State Administration of Taxation on the full implementation of the business tax VAT pilot's notice" (taxation 2016 No. 36) Annex 1 of the "business tax VAT pilot implementation measures" provisions of article twenty-seventh: “ input tax on the following items shall not be deducted from the output tax:



(a) for exemption from the simple tax method tax items, tax items, collective welfare or personal consumption of goods purchased, repair services, services, intangible assets and real estate. Fixed assets, intangible assets, real estate, which refers to the fixed assets, intangible assets (excluding other equity intangible assets), real estate.



Taxpayer's social intercourse consumption belongs to individual consumption.