Tax declaration small micro, the new policy of VAT credit refund has been implemented since April 1. Our company completed the VAT declaration some time ago and applied for VAT refund , and now we have received the tax preferential "red envelope". How should we file tax returns next?
Hello! Declaring is actually very simple! Please pay attention to the following two major matters:
01 Notes
Reduce the current period excess tax credit when declaring value-added tax
Policy basis
According to the "Announcement of the Ministry of Finance and the State Administration of Taxation on Further Strengthening the Implementation of the End-of-Period Value-Added Tax Credit Refund Policy" ( Ministry of Finance The State Administration of Taxation Announcement No. 14 of 2022) and the "State Administration of Taxation Announcement on Matters Concerning the Refund of the End-of-Period Value-Added Tax Credit" (State Administration of Taxation Announcement No. 20 of 2019) stipulate that after the taxpayer obtains the refunded excess tax credit, , the amount of retained tax credit for the current period should be reduced accordingly. Examples of filling in the corresponding forms are as follows:
Examples of filling in the return form
In the current period when the taxpayer receives the tax matter notice from the tax authority approving the refund of excess tax credit, the amount of refundable excess tax credit approved by the tax authority will be used to offset it at the end of the period The retained tax amount , and when handling the value-added tax return, the system will automatically identify it and automatically fill in the attached information of the value-added tax and surcharge declaration form (2) Column 22 of the current period input tax amount detailed list "Tax refund for the amount of retained tax credit in the previous period" and "Transfer-out amount of input tax for this period".
For example, a taxpayer received an excess tax refund of 50,000 yuan in April 2022, and when applying for the April value-added tax declaration of the corresponding period in May 2022, the attached information of the value-added tax and surcharge declaration form (2) input for the current period Column 22 of the tax schedule will automatically fill in 50,000 yuan, and the input tax amount of 50,000 yuan will be transferred accordingly.
02 Notes
When declaring additional tax, the tax (collection) basis shall be deducted from the refunded excess tax credit.
Policy basis
According to the Ministry of Finance and the State Administration of Taxation's "Related Urban Maintenance and Construction Tax on the End-of-Period Value-Added Tax Refund" "Notice on Educational Surcharges and Local Educational Surcharge Policies" (Finance and Taxation [2018] No. 80) stipulates that taxpayers who implement value-added tax end-of-period excess tax refunds are allowed to urban maintenance and construction tax and education surcharges The refunded value-added tax will be deducted from the tax calculation (levy) basis of local education surcharges.
Declaration form filling example
In the period when the taxpayer receives the tax matter notice from the tax authority approving the refund of excess tax credit, the system will automatically identify and automatically fill in the refundable excess tax credit approved by the tax authority into the "VAT and additional tax returns" Attached information (5) - Additional taxes and fees According to the value-added tax amount, the urban maintenance and construction tax and education surcharge will be automatically deducted in the "Amount of tax deduction for the current period of excess tax refund" column in the "Table" , the local education surcharge tax (fee) calculation basis, the calculated undeducted excess tax refund amount is automatically filled in "the excess credit tax refund amount that can be used for deduction in the next period."
Continuing from the above example, the taxpayer obtained an excess tax refund of 50,000 yuan in April 2022, and needs to pay a value-added tax of 30,000 yuan in May 2022 when applying for the April value-added tax declaration of the corresponding period. Both are general tax calculation items, and can From urban maintenance and construction taxes, education fees The refunded value-added tax amount of 30,000 yuan is deducted from the tax (fee) calculation basis for surcharges and local education surcharges. After deduction, the tax (fee) calculation basis for urban maintenance and construction tax, education surcharges and local education surcharges in the current period is 0, and the result is The amount of excess tax refund that can be deducted in the next period is 20,000 yuan.
Is this income subject to corporate income tax?
does not need to pay corporate income tax. The refund of the value-added tax retained at the end of the period obtained by the enterprise is the realization of assets, which will lead to a decrease in the deductible VAT input in the future. It does not actually bring an inflow of economic benefits to the enterprise, so it does not involve revenue recognition.
Seeing this, this friend who received the tax credit refund should know how to declare it.
Some friends may also want to ask, can our company apply for a tax refund if we also have retained tax credits? Here, the tax filing microcomputer has sorted out relevant hot questions and answers for you. Please read on with me~
01 Applicable subject
Question: Can individual industrial and commercial households enjoy this tax refund policy for retained value-added tax?
Answer: Eligible small and micro enterprises, manufacturing, wholesale and retail industries and other industries can apply for the newly introduced excess tax credit refund policy. According to the "Announcement of the Ministry of Finance and the State Administration of Taxation on Further Strengthening the Implementation of the End-of-Period Value-Added Tax Credit Refund Policy" ” (Announcement No. 14 of 2022 of the Ministry of Finance and the State Administration of Taxation), “Announcement of the Ministry of Finance and the State Administration of Taxation on Expanding the Industry Scope of the Policy for Full Refund of Value-Added Tax Overdue Credit” (Ministry of Finance and State Administration of Taxation) State Administration of Taxation Announcement No. 21 of 2022) stipulates that eligible small and micro enterprises, manufacturing, wholesale and retail industries and other industries include individual industrial and commercial households.
[Friendly reminder] The new policy applies to two major categories:
One is small and micro enterprises. For qualified small and micro enterprises in all industries, the existing retained tax credits will be refunded in one go, and the incremental retained tax credits will be refunded on a monthly basis. Small enterprises and micro-enterprises stipulated in Announcement No. 14 shall be classified in accordance with the " Small and Medium Enterprise Classification Standards " (Ministry of Industry and Information Technology [2011] No. 300) and the "Financial Industry Enterprise Classification Standards" (Yinfa [2015] No. 309) The operating income indicators and total assets indicators are determined.
The second one is enterprises in manufacturing, wholesale and retail industries. According to the "Announcement of the Ministry of Finance and the State Administration of Taxation on Further Enhancing the Implementation of the End-of-Period Value-Added Tax Excess Credit Refund Policy" (Announcement No. 14 of 2022 of the Ministry of Finance and the State Administration of Taxation) and the "Announcement of the Ministry of Finance and the State Administration of Taxation on Expanding the Full Refund of the Value-Added Tax Excess Credit Refund" Announcement on the Scope of Policy Industry” (Ministry of Finance State Administration of Taxation Announcement No. 21 of 2022), "manufacturing industry", "scientific research and technical service industry", "electricity, heat, gas and water production and supply industry", "transportation, warehousing and postal industry" and "software and information technology" Service industry”, “Ecological protection and environmental management industry”, “Wholesale and retail industry” "Agriculture, forestry, animal husbandry and fishery", "accommodation and catering industry", "resident services, repair and other service industries", "education", "health and social work" and "culture, sports and entertainment industry" are eligible. For enterprises, the existing tax credits will be refunded in one go, and the incremental tax credits will be refunded in full on a monthly basis.
02 Application for refund project
Question: Can enterprises that meet the conditions of the newly introduced excess tax credit refund policy this year be able to apply for incremental tax credit refund and existing tax credit refund at the same time?
Answer: According to the provisions of Announcement No. 14, taxpayers can Apply for both the incremental excess tax refund and the existing excess tax refund within the period. For example, qualified small enterprises can apply for incremental excess credit tax refunds starting from the tax filing period in April 2022; and apply for existing credit tax refunds starting from the tax filing period in May 2022. Therefore, if the enterprise is a small enterprise as stipulated in Announcement No. 14, it can choose the time to apply for incremental excess tax refund and existing excess tax refund based on its own situation and in accordance with the above provisions. Taxpayers can first apply for the incremental excess credit tax refund in April and then apply for the existing excess credit tax refund in May; they can also choose to apply for the incremental excess credit tax refund and the existing excess credit tax refund at the same time in May.
[Friendly reminder]
Incremental tax credit: Before the taxpayer obtains a one-time refund of the existing tax credit, the incremental tax credit is the newly increased tax credit at the end of the current period compared with March 31, 2019. After a taxpayer obtains a one-time refund of the existing retained tax credit, the incremental retained tax credit shall be the closing retained tax credit amount of the current period.
Existing tax credit: Before a taxpayer obtains a one-time tax refund for the current tax credit, if the ending tax credit for the current period is greater than or equal to the tax credit as at the end of March 31, 2019, the remaining tax credit as at the end of March 31, 2019 Amount of tax credit; if the ending tax credit amount of the current period is less than the ending tax credit amount as of March 31, 2019, the remaining tax credit amount shall be the ending tax credit amount of the current period. After a taxpayer obtains a one-time refund of the accumulated tax credits, the amount of the accumulated tax credits will be zero.
03 Application conditions
Question: Why is my company still unable to apply for tax refund as a small and micro enterprise?
Answer: Taxpayers applicable to the policies of Announcement No. 14 must meet the following conditions at the same time:
Condition 1 | Tax credit rating is Class A or B |
| Condition 2 | No fraudulent use of retained tax refunds or export tax refunds occurred in the 36 months before applying for tax refunds Or falsely issue special value-added tax invoices |
| Condition 3 | Have not been punished twice or more by the tax authorities for tax evasion in the 36 months before applying for tax refund |
| Condition 4 | Have not enjoyed the tax-and-refund , tax-first-refund (refund) policy since April 1, 2019 |
04 Calculation of excess tax credits
Question: Why can’t the full amount of corporate tax credits not be refunded?
Answer: (1) Calculation of the amount of excess tax credit
The incremental tax credit allowed to be refunded = Incremental tax credit × input composition ratio × 100%
The amount of stock tax credit allowed to be refunded = The stock tax credit × input composition Proportion×100%
(2) Calculation of input composition proportion
The proportion of input is the special value-added tax invoices that have been deducted from April 2019 to the tax period before the tax refund is applied for (including fully digitalized electronic invoices with the words "special value-added tax invoices", tax-controlled motor vehicle sales The proportion of the VAT amount indicated in the unified invoice), toll road toll VAT electronic general invoice , customs import VAT special payment form, and tax payment voucher to the total input tax deducted during the same period.
05 Application Time
Question: When can qualified companies start applying for tax refund?
_ | Incremental credit Tax refund | Inventory credit Tax refund | |
| Micro enterprise | 2022. 4.1 | 2022. 4.1 | |
| Small enterprises | 2022. 5.1 | ||
| Manufacturing and other industries | Medium-sized enterprises | 2022. 5.1 | |
| Large enterprises | 2022. 6.1 | ||
| Wholesale and retail industries and other industries | Medium-sized enterprises | 2022. 7.1 | 2022. 7.1 |
| Large enterprises |
Friendly reminder: Taxpayers need to apply for a tax refund after completing the current VAT return. It should be noted that if you have not applied in the current period, you can also apply in accordance with the regulations in subsequent tax reporting periods.
