Normal taxpayers need to separately calculate the VAT output and VAT input for the current period. Then the difference between the VAT output and VAT input shall be the actual amount of VAT payable.
VAT payable = VAT Output for the current period* – VAT Input for the current period**
*VAT Output = Sales amount for the current period × Applicable tax rate
**VAT Input = Aggregate amount in purchase invoices for current period
