What industry does the tourism development company belong to

What industry does the tourism development company belong to

Tourism, known internationally as tourism industry, is a comprehensive industry that relies on tourism resources and facilities to attract or receive tourists and provide them with transportation, sightseeing, accommodation, catering, shopping and entertainment. Tourism business should be composed of tourism, transportation and passenger accommodation represented by hotels. They are the three pillars of tourism.

Different from other industries, tourism is not a single industry, but an industrial cluster, which is composed of various industries with diversity and dispersion. Tourism includes scenic spot management, travel agency and hotel services, catering services, transportation, entertainment and many other commercial industries. These industries also provide services for local residents, so the concept and scope of tourism are vague and uncertain.

Tourism is an important part of the tertiary industry and one of the fastest growing emerging industries in the world. Known as "sunrise industry". "the State Council's Opinions on Accelerating the Development of Service Industry" proposes to vigorously develop people's livelihood-oriented service industries such as tourism, culture, sports and leisure around the goal of building a well-off society in an all-round way and the requirements of the transformation and upgrading of consumption structure.

What is the VAT rate for tourism?

Tourism belongs to the category of modern service industry in the value-added tax, and the applicable tax rate is 6%. On the tax basis, the expenses paid, such as accommodation fees and entrance fees, can be deducted. Based on the deducted amount, calculate the tax payable according to the tax rate, and make tax declaration and registration with the competent tax authorities.

Travel agencies have always implemented differential taxation. Even if the cost in the current VAT can be fully deducted, its 6% VAT rate is higher than the original 5% business tax rate. This is based on the service industry. If the operating income is 6,543,800 yuan and its cost is 900,000 yuan, the taxable amount according to the business tax is: (operating income-operating cost) × 5% = 5,000 yuan, that is, the business tax 500 yuan should be paid. That is, the input tax of cost = 900,000 yuan/1.06× 6% = 50,943.39 yuan, the output tax of value-added tax = 1 .06× 6% = 56,603.77 yuan, and the value-added tax payable = output tax-input.

What industry does the tourism development company belong to? According to the above article, we know that tourism development companies belong to the daily activities of residents and are now an industry that collects value-added tax. The VAT rate is 6% for general taxpayers and 3% for small-scale taxpayers. For more exciting information, please refer to our website.