What is the tax refund?

Tax withholding tax refund is called tax withholding tax refund at the end of VAT.

That is, the "input" value-added tax that cannot be deducted now and can be deducted later will be refunded in full in advance. Let me tell you what a tax refund is.

VAT can be divided into output tax and input tax. The value-added tax at the time of purchase is called input tax, and the value-added tax at the time of sale is called output tax. When calculating the tax payable at the end of the period, the output tax will be paid when it is greater than the input tax, and it will not be paid when the output tax is less than the input tax. The input tax that has not been fully deducted can be reserved for the next period. The input tax that these taxpayers have not fully deducted from the output tax and retained for the next period is called "retention tax".

Value-added tax allowance refers to the value-added tax amount that cannot be deducted because of the mismatch between the input and output of value-added tax in the course of enterprise operation, and the value-added tax amount that can be deducted when sales are realized in the future.

At present, due to the change of policy, the scope of the pilot project of VAT collection and return is very clear, that is, some qualified enterprises and power grid enterprises will be included in the scope of the pilot project of VAT collection and return, and the final VAT tax amount formed in a certain period will be refunded at one time, so as to alleviate the financial pressure of these enterprises, support enterprises to expand investment and realize the upgrading of technology and equipment.

Generally speaking, the output corresponds to the income end, the input corresponds to the cost end, and the output is greater than the input. However, in some cases, such as the company's centralized procurement of raw materials or expensive equipment, the amount of equipment is large, and correspondingly, the input tax is also very large. At this time, the input is likely to be greater than the output, and the value-added tax payable is negative.

What should I do in this situation? It used to be left in the account, but it will be deducted if there are more sales items in the future.

Incremental tax allowance can be refunded from April 2065438+2009, but this year is different!

First, not only the incremental partial tax refund, but also the stock can be refunded.

In other words, all the input taxes that were not deducted before April 2009+2065438 can be refunded!

Second, all become early refunds.

What do you mean? In other words, the tax refund will not be made until the difference between the output tax and the input tax is generated. Instead, when taxpayers buy equipment, they directly refund this part of the input tax, which is also the "purchase tax refund".

Third, expand the scope of application and increase the proportion of refund.

Originally, it was only given to 100% for advanced manufacturing enterprises, 60% for other enterprises and small and micro enterprises, and the rest was reserved for later output tax deduction. After this upgrade, it has all become 100%!