Beijing's VAT refund efficiency is close to the world's advanced level
News from our newspaper (Reporter Zhao Peng) Not only has Beijing led the country in realizing the “integration of reporting and refunding” for general VAT taxpayers, the efficiency of VAT refunds has also approached the world's advanced levels such as Germany and South Korea.
The reporter learned recently that the Municipal Taxation Bureau has issued the 2020 "Memorandum on the Reform of Optimizing the Capital Taxation and Business Environment", which is the third consecutive year that the city has issued the annual results of the taxation and business reform.
Based on the continuation of the five observation dimensions of the World Bank’s "Business Environment Report" in the "Entrepreneurial Stage", "Obtaining Sites", "Financing", "Daily Operations" and "Operating in a Safe Business Environment" The tax-related indicators in the environmental assessment work sort out the effectiveness and highlights of Beijing's optimization of the tax business environment in 2020, and point out the direction for the next step in optimizing the capital's tax business environment.
2020 is the final year of the implementation of the "Beijing Taxation Bureau's Action Plan for Further Optimizing the Taxation and Business Environment (2018-2020)". In the face of the severe test brought by the epidemic, the Municipal Taxation Bureau will handle taxes in a "contactless" manner. Expand the online tax processing function for the fulcrum, and realize the online processing of 313 tax-related matters; jointly launch the "Measures for Promoting Tax Payment Facilitation Reform and Optimizing the Tax Business Environment" to shorten the tax processing time; launch a comprehensive declaration system to reduce tax payments frequency.
In order to save time and reduce the burden on enterprises and create a first-class business environment, starting from October 1, 2020, taxpayers in Beijing will declare and pay corporate income tax (prepayment), urban land use tax, real estate tax, land value-added tax, and stamp tax. When one or more types of taxes are selected, comprehensive declaration can be selected to realize "one report, one declaration, one tax payment, and one voucher".
Based on international advanced practices, this city also led the country in realizing the “integration of reporting and refunding” for general VAT taxpayers last year.
By integrating the general VAT taxpayer's tax return and tax refund (deduct) application form, eligible taxpayers can complete the VAT tax declaration and the end-of-period tax refund by simply using the "refund integration" module of the electronic tax bureau Applying makes it easier, more convenient and time-saving for taxpayers to obtain policy dividends.
Relevant experts said that this measure has greatly shortened the time for processing value-added tax refunds and has approached the world's advanced level such as Germany and South Korea.
In addition, the city's real estate transactions have also achieved smart second-level nuclear taxes.
During the "Registration of Stock Non-Residential Real Estate Transactions Between Enterprises", this city cancelled the on-site verification and realized the whole process of online administration. Taxpayers can pay taxes online and obtain electronic tax payment certificates.