Please tell me what is deferred tax payment and what are the benefits of deferred tax payment?

To put it bluntly, it is to delay paying taxes as much as possible.

Deferred tax payment can increase the working capital of enterprises, which is equivalent to using bank funds for free, so that enterprises can obtain the time value of funds and provide convenience for their production and operation. Therefore, no matter what kind of tax, as long as it can be legally postponed, it is very beneficial to enterprises, especially those with large scale of operation and heavy tax burden.

Taxpayers will not pay taxes within the statutory time limit and will not incur late fees. However, in the time of paying taxes, some taxes are beneficial to enterprises, while others are unfavorable to enterprises. If taxpayers delay paying taxes as much as possible within the statutory time limit, they can not only speed up the capital turnover, but also earn some interest income.

Enterprises should try to pay for goods by commercial draft, not by cash or bank deposit. There are also enterprises that can get a deduction as long as the raw materials are put into storage. Therefore, in addition to paying the payment by commercial draft, they can also buy raw materials in breach of contract and pay by installments, which is the best way to postpone tax payment. It can delay payment and reduce cash outflow; Because it can be regarded as payment for goods, it can deduct the input tax and reduce the tax payable in the current period, thus achieving the effect of delaying tax payment.