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Tips: Remember to pay attention to these points after getting the VAT rebate!

2022-11-04

Remember to pay attention to these points after obtaining the VAT rebate!




1. The corresponding input tax shall be adjusted and reduced when obtaining the tax deduction and refund.




2. Deduct the refunded retained tax amount from the tax (levy) basis when declaring the additional tax.










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[Practical] Remember to pay attention to these points after getting the VAT rebate! (Hot questions and answers attached)








For microenterprises applying for tax, the new policy of VAT deduction and rebate has been implemented since April 1. Our company has completed VAT declaration and applied for tax deduction and rebate a while ago, and now we have received the "red envelope" of tax benefits. How should we file tax returns next?




Hello! Declaration is actually very simple! Please pay attention to the following two items:




01




matters needing attention




Reduce the current tax allowance when declaring VAT




Policy basis




According to the Announcement of the Ministry of Finance and the State Administration of Taxation on Further Strengthening the Implementation of the VAT Closing Deduction and Refund Policy (Announcement No. 14, 2022, of the Ministry of Finance and the State Administration of Taxation), and the Announcement of the State Administration of Taxation on Matters Related to Handling the VAT Closing Deduction and Refund (Announcement No. 20, 2019, of the State Administration of Taxation), after the taxpayer obtains the refunded VAT, the tax amount of the current period shall be reduced accordingly. Examples of corresponding forms are as follows:




Example of filling in the declaration form




In the current period when the taxpayer receives the notice of tax matters on which the tax authority has approved the tax deduction and refund, the tax amount retained at the end of the period shall be offset against the tax amount retained and refunded as approved by the tax authority. When handling the VAT tax declaration, the system will automatically identify and automatically fill in the attached data of the VAT and additional tax declaration form (II) "Tax refund of retained tax amount in the previous period" and "Transfer out amount of input tax in the current period" in column 22 of the input tax statement of the current period.




For example, the taxpayer will obtain 50000 yuan of tax allowance and refund in April 2022. When handling VAT declaration in April 2022, the attached data of VAT and additional tax declaration form (II) will automatically fill in 50000 yuan in the 22nd column of the current input tax details, and the corresponding transfer out of the input tax amount of 50000 yuan.




02




matters needing attention




Deduction of refunded retained tax amount from the tax (levy) basis when declaring additional tax




Policy basis




According to the provisions of the Notice of the Ministry of Finance and the State Administration of Taxation on the Policies of Urban Maintenance and Construction Tax and Education Surcharges and Local Education Surcharges Related to VAT Period end Deduction and Refund (CS [2018] No. 80), taxpayers who implement VAT period end deduction and refund are allowed to deduct the refunded VAT from the tax (levy) basis of urban maintenance and construction tax, education surcharges and local education surcharges.




Example of filling in the declaration form




In the current period when the taxpayer receives the notification of tax matters approved by the tax authority, the system will automatically identify and automatically fill the tax amount allowed to be refunded approved by the tax authority into the column of "New tax amount for deduction in the current period" in the Attached Data (V) of the VAT and Additional Tax Declaration Form - Additional Tax Information Form, The tax (fee) basis of urban maintenance and construction tax, education surcharges and local education surcharges will be automatically deducted in the column of "Tax Deduction in Current Period of Tax Retention, Credit and Refund" of the table. The calculated amount of tax retained, credit and refund that has not been deducted will be automatically filled in "Carry forward the tax retained, credit and refund that can be deducted in the next period".




As an example, the taxpayer will obtain 50000 yuan of tax credit and refund in April 2022, and will pay 30000 yuan of VAT when filing the VAT declaration in April 2022 in May 2022, which are all general tax items. The refunded VAT of 30000 yuan can be deducted from the tax (fee) basis of urban maintenance and construction tax, education surcharges and local education surcharges. After deduction, the current urban maintenance and construction tax The tax (fee) basis of education surcharges and local education surcharges is 0, and the tax amount that can be deducted in the next period carried forward is 20000 yuan.




Is this income subject to corporate income tax?




No corporate income tax is required. The VAT rebate obtained by the enterprise at the end of the period belongs to the realization of assets, which will lead to the reduction of deductible VAT input in the future. In fact, it does not bring economic benefits to the enterprise, so it does not involve income recognition.




Seeing this, the little partner who received the tax rebate should know how to declare.




Maybe some partners want to ask, can our company also apply for tax refund for the retained tax credits? The tax application microenterprise here has helped you sort out the relevant hot questions and answers. Please follow me to read~




01




Applicable subject




Q: Can individual businesses enjoy the VAT rebate policy?




A: Qualified small and micro enterprises, manufacturing industry, wholesale and retail industry and other enterprises can apply the newly issued tax rebate policy. According to the Announcement of the Ministry of Finance and the State Administration of Taxation on Further Strengthening the Implementation of the VAT Policy at the End of the Period (Announcement No. 14 of the Ministry of Finance and the State Administration of Taxation in 2022) According to the Announcement of the Ministry of Finance and the State Administration of Taxation on Expanding the Industry Scope of the Policy of Full Refund of VAT Credits (Announcement No. 21 of the Ministry of Finance and the State Administration of Taxation in 2022), qualified small and micro enterprises, manufacturing, wholesale and retail enterprises and other industrial enterprises include individual businesses.




[Tips] The new policies are applicable to two categories:




First, small and micro enterprises. For qualified small and micro enterprises in all industries, the stock tax allowance will be refunded once and the incremental tax allowance will be refunded monthly. The small enterprises and micro enterprises specified in Announcement 14 are determined in accordance with the operating income indicators and total assets indicators in the Regulations on the Classification Standards for Small and Medium sized Enterprises (MIBLQ [2011] No. 300) and the Regulations on the Classification Standards for Financial Enterprises (YF [2015] No. 309).




Second, enterprises in manufacturing, wholesale and retail industries. According to the Announcement of the State Administration of Taxation of the Ministry of Finance on Further Strengthening the Implementation of the VAT Period end Retention and Refund Policy (Announcement No. 14, 2022 of the State Administration of Taxation of the Ministry of Finance) and the Announcement of the State Administration of Taxation of the Ministry of Finance on Expanding the Industry Scope of the VAT Refund Policy in Full Amount (Announcement No. 21, 2022 of the State Administration of Taxation of the Ministry of Finance), For "manufacturing industry", "scientific research and technology service industry", "power, heat, gas and water production and supply industry", "transportation, warehousing and postal industry", "software and information technology service industry", "ecological protection and environmental governance industry", "wholesale and retail industry", "agriculture, forestry, animal husbandry and fishery", "accommodation and catering industry", "resident service, repair and other service industries", "education", "health and social work" and Enterprises in the 13 industries of "culture, sports and entertainment" that meet the conditions will be refunded the stock tax allowance in a lump sum and the incremental tax allowance will be refunded in full on a monthly basis.




02




Items applied for return




Q: Can enterprises that meet the conditions of the new tax rebate policy introduced this year handle the incremental tax rebate and stock tax rebate at the same time?




Answer: According to the provisions of Announcement 14, taxpayers can apply for incremental tax rebate and stock tax rebate at the same time within the specified period. For example, qualified small enterprises can apply for incremental tax rebate from the tax declaration period in April 2022; Apply for stock tax rebate from the tax declaration period in May 2022. Therefore, if the enterprise belongs to a small enterprise specified in Announcement 14, it can independently choose the time to apply for incremental tax rebate and stock tax rebate according to the above provisions in combination with its own situation. Taxpayers can first apply for incremental tax rebate in April, and then apply for stock tax rebate in May; You can also choose to apply for incremental tax rebate and stock tax rebate at the same time in May.




[Friendly Tips]




Incremental tax allowance: before the taxpayer obtains the one-time stock tax allowance, the incremental tax allowance is the newly increased tax allowance at the end of the current period compared with March 31, 2019. After the taxpayer obtains the one-time stock tax rebate, the incremental tax amount is the tax amount retained at the end of the current period.




Stock tax allowance: if the tax amount retained at the end of the current period is greater than or equal to the tax amount retained at the end of March 31, 2019 before the taxpayer obtains a one-time stock tax rebate, the stock tax amount retained is the tax amount retained at the end of March 31, 2019; If the amount of tax retained at the end of the current period is less than the amount of tax retained at the end of March 31, 2019, the amount of stock tax retained is the amount of tax retained at the end of the current period. After the taxpayer obtains the one-time stock tax rebate, the stock tax rebate is zero.




03




Application conditions




Q: Why is our company still unable to apply for tax refund as a small and micro enterprise?




Answer: Taxpayers applying the No.14 announcement policy should meet the following conditions at the same time:




Condition 1






Tax credit rating is A or B






Condition 2






36 months before the application for tax refund, there is no case of defrauding tax rebate, defrauding export tax rebate or falsely issuing special VAT invoices






Condition 3






Not punished twice or more by tax authorities for tax evasion within 36 months before applying for tax refund






Condition 4






Since April 1, 2019, it has not enjoyed the policy of immediate collection and return (refund)






04




Calculation of tax rebate




Q: Why can't the enterprise book tax credit be returned in full?




Answer: (I) Calculation of tax deduction




Incremental tax allowance allowed to be refunded=Incremental tax allowance × Proportion of input × 100%




The stock tax allowance allowed to be returned=stock tax allowance × Proportion of input × 100%




(2) Calculation of input composition proportion




The proportion of input is the special VAT invoice (including fully digitized electronic invoice with the words "VAT special invoice", unified tax controlled motor vehicle sales invoice) that has been deducted during the period from April 2019 to the time before the application for tax refund, the ordinary electronic invoice of toll road toll VAT, the special payment form of customs import VAT The proportion of the VAT indicated in the tax payment voucher of the paid tax in the total input tax deducted in the same period.




Friendly prompt: Taxpayers need to apply for tax refund after completing the VAT declaration for the current period. It should be noted that those that have not been applied for in the current period can also be applied for in the future tax declaration periods.

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