Expanding the scope of export tax rebates for the purchase of goods by production enterprises, some export goods are adjusted from taxation to tax exemption to create a relaxed environment for export enterprises. The Ministry of Finance and the State Administration of Taxation recently issued the Notice on Value-Added Tax and Consumption Tax Policies for Exported Goods, and the State The State Administration of Taxation issued the Measures for the Administration of Value-Added Taxes and Consumption Taxes on Exported Goods, and further clarified the conditions, scope, taxation basis, tax refund rate, and time limit for declaration of export tax-returned goods. It is understood that the notice and announcement are based on the fact that China's export goods value-added tax and consumption tax rebate system are basically stable, and the problems reflected by export enterprises have been adjusted. The notice and announcement will be implemented from July 1 this year.
Expand the scope of tax refund
According to the notice and announcement, the relevant export tax rebate policy mainly has the following adjustments:
Expand the scope of export tax rebates for the purchase of goods by production enterprises, and increase the goods related to the production and operation activities of the enterprise as if they were self-produced.
Adjust some of the exported goods from taxation to tax exemption. It mainly includes goods that have not been declared by the export enterprise within the prescribed time limit and that have not been declared tax refund but have not filled the relevant documents with the tax authorities within the prescribed time limit. The tax will not be refunded this time and will be adjusted to tax exemption according to the provisions of domestic sales taxation.
Relax the time limit for companies to declare tax refunds. The original stipulated enterprise shall declare the tax refund within 90 days after the goods are declared for export. Otherwise, the tax will not be refunded. The goods that have been modified to be exported in the current year shall be declared tax refund within the period of each VAT return from the next month of export to April of the following year.
Simplified tax refund reporting process
Adjust the scope of the export goods and the conditions of the production enterprises that are currently declared to be refunded by export contract and sales detailed account, and amend to: the scope of goods is expanded to transport vehicles and machinery with a production cycle of more than one year, and the scale of cancellation is 30 million. The conditions above the US dollar limit the company’s possession of certain assets to three times that of the previous year’s net assets greater than the sum of the export goods value-added tax and the consumption tax rebate, and never changed the export fraud tax to never evade taxes or tax fraud. , virtual invoicing and accepting virtual invoicing.
Increased the content of duty-free management of export goods. To stipulate tax-exempt export goods, except for goods sold by enterprises in special areas controlled by customs processing zones, etc., other export goods, export enterprises shall report the "Tax-free export goods labor service list" and officially declare electronic in the next month after the tax-free business occurs. For the data, the tax exemption declaration formalities shall be handled with the competent tax authorities; if the duty-free export goods are not declared tax exempt according to the regulations, the value-added tax shall be levied according to the domestic sales regulations.
Adjust the tax refund information of foreign trade enterprises. The current export tax rebate regulations do not use the customs import value-added tax special payment book as the tax refund certificate, and announce that the customs import value-added tax special payment book is added on the basis of the existing application materials. If the goods imported by a foreign trade enterprise need to be exported, they may declare an export tax rebate on the basis of the Customs import value-added tax special payment statement.
The review period for small businesses and companies with new export business has been cancelled for 12 months.
Relevant persons from the State Administration of Taxation said that the adjustment of the export tax rebate policy is based on the current economic situation and the tax rebate policy. There are many problems such as document adjustment, scattered regulations, and inconvenient management. It is necessary to stabilize foreign trade exports, reduce the burden on enterprises, and simplify tax rebates. The reporting procedure is convenient for the parties to systematically understand and implement the export tax rebate policy.
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