Enjoy the tax refund policy and pay attention to these 10 declaration requirements!

Since the beginning of this year, a large-scale VAT refund policy has been fully implemented to help enterprises reduce their burdens and get rid of difficulties. Eligible enterprises can apply for tax refund according to regulations. Here, taxpayers are reminded of the following declaration requirements.

0 1

Taxpayers should apply for tax refund after completing the current VAT tax declaration within the tax declaration period. From April to June, 2022, the time for tax refund application was extended to the last working day of each month.

02

When taxpayers export goods and services and cross-border taxable behaviors occur, the method of tax exemption and refund is applicable, and they can declare tax exemption and refund at the same time in the same reporting period.

03

Taxpayers applying for tax refund shall apply for tax exemption for export goods, services and cross-border taxable activities, and declare tax exemption on schedule. If the export sales that can be declared tax-free in the current period are zero, zero tax-free declaration will be made.

04

Where a taxpayer applies for tax exemption and tax refund at the same time, the tax authorities shall apply for tax exemption and tax refund first. After the tax exemption, the taxpayer still meets the conditions for tax refund, and then apply for tax refund.

05

During the tax refund, if the final tax credit changes due to tax declaration, inspection and adjustment, the incremental tax credit allowed to be refunded shall be determined according to the final tax credit of the latest VAT tax return (applicable to general taxpayers).

06

Where a taxpayer applies for tax refund as well as tax exemption, or there is tax exemption or tax refund payable without the approval of the tax authorities when applying for tax refund, after the tax authorities approve the tax exemption or tax refund payable, the incremental tax amount allowed for tax refund shall be determined according to the tax refund payable at the end of the latest VAT tax return (applicable to general taxpayers).

The amount of tax refund approved by the tax authorities refers to the amount of tax refund approved by the tax authorities in the current period, but the taxpayer has not filled in the column 15 of the VAT tax return (applicable to general taxpayers).

07

If the taxpayer has both VAT arrears and final tax credits, the incremental tax credits allowed to be refunded shall be determined according to the final tax credits of the latest VAT tax return (applicable to ordinary taxpayers) and the balance after deducting VAT arrears.

08

If a taxpayer approves the tax refund in the previous period after handling the VAT tax declaration and tax exemption and refund declaration, and before the tax authorities approve the tax refund exemption and refund, the tax refund and tax exemption and refund in the current period shall be calculated by deducting the tax refund approved by the tax authorities from the tax refund payable at the end of the latest VAT tax declaration (applicable to general taxpayers). The amount of tax refund approved by the tax authorities refers to the amount of tax refund approved by the taxpayer in the current period but not yet declared in column 22 "Tax Refund in the Last Period" of the attached page (II) of the VAT tax return.

09

Taxpayers should deduct the final tax allowance from the incremental tax allowance approved by the tax authorities after receiving the notice of tax matters approved by the tax authorities, and fill in the "Tax Refund of Tax Allowance in the Last Period" in the 22nd column of Attached Information of the VAT Tax Return (Details of Input Tax in the Current Period) when handling the VAT tax declaration.

10

According to the regulations, taxpayers who need to apply for refund of all the tax refund can submit a tax refund application form through the electronic tax bureau or the tax service office. After the taxpayer has refunded all the refunded tax, he can continue to deduct the input tax according to the regulations by filling in the negative number in column 22 of the information attached to the VAT and Additional Taxes Declaration Form (details of input tax in the current period).