China's export tax rebate enterprises report period is relaxed

The Ministry of Finance and the State Administration of Taxation recently issued a document to relax the time limit for enterprises to declare export tax rebates and expand the scope of export tax rebates for export enterprises. The Ministry of Finance and the State Administration of Taxation have sorted out a series of export goods and the provision of processing and repairing and matching labor service value-added tax and consumption tax policies, which have been formulated in recent years, and issued the "Notice on Export VAT and Consumption Tax Policies for Exported Goods". The Labor VAT and Consumption Tax Management Measures will be implemented from July 1 this year. However, some of the issues remain unclear. For example, the deduction policy for the downstream carry-over of the transfer factory has not been clearly defined, and there is no integration to clarify the relevant export tax rebate management adjustments involved in the export verification of foreign exchange. Chen Zhijian, general manager of a taxation firm, said that the overall direction of the policy is to sort out, integrate, standardize and relax, expand the scope of export tax rebates for self-produced exports, and stipulate large-scale law-abiding enterprises. The same type or related goods exports can be seen. The self-produced goods are refunded (exempted), and the scope of the self-produced goods also includes purchased equipment and raw materials for the production of self-produced goods. "This is undoubtedly a major relaxation for goods that cannot be produced on their own, as if they are self-produced and listed as tax refunds." The deadline for companies to declare tax rebates has been relaxed. Chen Zhijian said: "The deadline for the extension of the application period is the largest, extending from the majority of the original 90-day period until April 30 of the following year (the declaration of the export of goods by the customs declaration to the goods before April 15 of the following year) During the period." Some of the exported goods were adjusted from taxation to tax exemption. According to the previous regulations, the exporting enterprise has not declared the goods that have been refunded (exempted) within the prescribed time limit. Although the exporting enterprise has declared the refund (exemption) tax but has not filled the relevant documents with the tax authorities within the prescribed time limit, the exporting enterprise has not Goods declared to issue the "Certificate of Exported Goods" within the prescribed time limit shall be deemed to be subject to the sales tax or the value-added tax. After the adjustment, this part of the goods will not be refunded, and has been adjusted to tax exemption according to the provisions of domestic sales tax. In addition, the notice and measures also relaxed the conditions for the production enterprises after “returning the tax after tax refund first” and canceled the “year of foreign exchange earning more than 30 million US dollars (more than 20 million US dollars in the western region). At the same time, the company's asset conditions are refined to "the net assets of the previous year are greater than three times the sum of the export goods value-added tax and the consumption tax rebate amount", and the conditions for the sound financial system of the enterprise become "the general taxpayer qualification for obtaining VAT". . This time, the taxation basis is further standardized, and the nine types of business taxation basis are integrated and integrated, and the special customs import value-added tax payment book is added as the basis for taxation; the 12-month review period for small enterprises and newly-occurring export business enterprises is abolished.

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