The Ministry of Finance and the State Administration of Taxation recently issued the "Announcement on Further Strengthening the Implementation of the VAT Refund Policy at the End of the Period", which clearly increased the intensity of tax refunds for small and micro enterprises and enterprises in six major industries including manufacturing.
On March 23, a regular briefing on policies of the State Council was held to introduce the relevant situation of VAT credits and refunds.
Let's see together-
1 What are the main contents of the implementation of the VAT refund policy arrangement in 2022?
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1. Priority shall be given to supporting small and micro enterprises, and the policy of VAT credits and refunds for small and micro enterprises shall be strengthened.
For all eligible small and micro enterprises, the existing tax credits will be refunded at one time, and the conditions for incremental tax refunds will be relaxed, and the refund ratio of incremental tax credits will be increased from 60% to 100%, which means full refund.
At the same time, priority will be given to small and micro enterprises in the progress of tax refunds, and the remaining tax credits for small and micro enterprises will be refunded in one lump sum before the end of June.
Covering industries——
2. Focus on supporting the manufacturing industry and other industries, and comprehensively solve the problem of tax credits in the manufacturing industry and other industries.
Increase the value-added tax refund policy for manufacturing and other industries. Previously, for advanced manufacturing, the incremental tax refund will be fully refunded on a monthly basis. This time, the scope will be expanded to all manufacturing industries, as well as scientific research and technical services, electric power Heat, gas and water production and supply, software and information technology services, ecological protection and environmental governance, transportation, warehousing, and postal services, etc., will be refunded by the end of this year.
Financial security——
3. The central government provides financial guarantees to ensure timely tax refunds and full guarantees for the "three guarantees".
On the basis of paying 50% of the tax refund funds according to the current tax system, the Ministry of Finance will arrange 1.2 trillion yuan of transfer payment funds to support the grass-roots implementation of tax rebates, tax reductions and fee reductions, as well as ensuring employment and basic livelihood.
2 What are the main features of the new combined tax and fee support policy?
A new combined tax and fee support policy will be implemented in 2022, which mainly has the following four characteristics:
1. The total amount of tax rebates and reductions is the highest in history.
The total amount of tax rebates and tax reductions this year is about 2.5 trillion yuan, of which the main measure is the tax rebate, with a scale of about 1.5 trillion yuan, which directly provides cash flow for market players and effectively relieves the financial pressure of enterprises.
Second, strengthen the precision.
On the one hand, maintain the continuity and stability of policies, continue to focus on supporting the high-quality development of the manufacturing industry, and enhance the development vitality of small and micro enterprises and individual industrial and commercial households.
On the other hand, targeted policy measures have been adopted to precisely help enterprises in industries with special difficulties.
Three, highlight the combination.
This year's policies include both phased measures and institutional arrangements; there are both inclusive policies and assistance measures in specific fields; there are both centrally issued policies and local autonomous policies in accordance with the law; there are tax rebates, tax reductions, tax exemptions, Tax deferral and other support methods.
Fourth, policy efforts should be appropriately advanced.
On the one hand, it was announced and implemented earlier. Since the beginning of the year, more than 20 tax and fee support policies have been quickly introduced, allowing market players to enjoy policy dividends and boost confidence as soon as possible.
On the other hand, refund the remaining tax amount in advance, speed up the progress of the remaining tax refund, the tax that should be refunded can be refunded as fast as possible, and help enterprises to overcome difficulties and recover in time.
3 What are the characteristics of the 2022 tax rebate policy compared to previous policies?
One is early refund.
In the past, there were some credits and refunds for corporate value-added tax, but the method adopted was mainly to carry forward the deduction in the next period.
The tax rebate policy implemented this year has been changed to purchase tax rebates, which no longer wait for companies to generate sales before they can offset them.
The second is the stock tax rebate.
After April 2019, the value-added tax formed by the newly purchased equipment or investment by the enterprise is included in the scope of tax refund.
This year, not only the incremental tax credits will be refunded, but also the input value-added tax that has been balance in previous years, that is, all input value-added tax that has not been offset by output for several years can be refunded.
Therefore, compared with the previous year, not only the increments will be refunded, but the stock will also be refunded.
The third is to expand the scope.
Originally, it was mainly to implement full incremental tax rebates in advanced manufacturing enterprises.
Now it is expanded to all industries such as manufacturing and small and micro enterprises.
The proportion of refund is like 60% refund for small and micro enterprises before, but now there is no limit, it is 100% refund.
The fourth is to ensure implementation.
The original value-added tax refund is shared according to the current central and local financial system, that is to say, the central government bears 50% and the local government bears 50%.
The central government arranges special transfer payment support for the tax refund implemented this year, which means that the central government must also undertake the central part and the local part. .
4 How can the tax department ensure that these "red envelopes" of tax rebates can go directly to enterprises as soon as possible?
1. Pull out the list and implement the benchmarking table.
On the one hand, the top and bottom of the tax system pull out the task list, and reverse the construction period and promote the benchmarking of key tasks such as information system upgrade, publicity, training and guidance; Clarify the supervision items of each link, implement the assessment indicators of each link, achieve clear direction, clear tasks, detailed division of labor, real responsibilities, careful deployment, and pressing forward to ensure the implementation of various tasks.
Second, find out the bottom line and make sure that you have an idea.
The situation of the tax refund policy this time is very complicated, and it is particularly important to understand the basics.
We will comprehensively sort out the taxpayers' industry identification and large, medium, small, and micro-designation marks that meet the tax refund conditions. Relying on big tax data, combined with desk analysis, we will fully verify the data of taxpayers' remaining tax credits, master the overall situation of enterprises' tax credits, and use solid and solid data. A solid understanding of the bottom line ensures that you have a solid understanding.
3. Open your voice and provide comprehensive and accurate counseling.
In order to ensure the detailed implementation of the tax refund policy, publicity and counseling must be followed up throughout the process.
On the one hand, to achieve full coverage, the first round of full coverage policy publicity for taxpayers will be completed by means of electronic tax bureau reminders and other methods before April 1.
On the other hand, we should provide precise counseling, and in accordance with the arrangement of advancing tax refunds in batches and steps, starting from April, we will carry out multiple rounds of Q&A counseling in a targeted and timely manner. Take "one-on-one" counseling, door-to-door explanation.
Fourth, step by step, step by step.
Focusing on key time nodes, before April 30 and June 30, 2022, centrally handle the residual tax refund for micro and small and micro enterprises, and fully honor the commitment of small and micro enterprises to refund the remaining tax amount by the end of June; Before September 30 and December 31, centralize the processing of tax refunds for medium-sized and large-sized enterprises to ensure that the established work objectives are effectively achieved.
The incremental residual tax amount will be refunded on schedule according to the taxpayer's application, and the institutional effect of the residual tax refund will be continuously released.
It should be noted that the centralized processing of each node does not mean that "expiration will not wait", and eligible taxpayers can still apply for tax refunds and enjoy dividends according to the regulations after the above nodes.
Fifth, pave the way and continue to simplify the process.
Considering the large number of tax refund households and the high proportion of small tax refunds this year, the tax department will further optimize the tax refund process, simplify the tax refund review process for taxpayers who meet the policy conditions and have low risks, improve processing efficiency, and realize the whole chain. With electronic tax refund, the taxpayer's experience will be better, faster and more intimate than in the past.
5 Will large-scale tax rebates put pressure on local finances to reduce revenue?
The central government predicts that the tax rebate will be 2.5 trillion yuan this year, of which 1.5 trillion yuan will be retained for tax rebates.
According to the deployment of the executive meeting of the State Council, in addition to the normal transfer payments, the central government has specially arranged a total of 1.2 trillion yuan in transfer payments to support grassroots implementation of tax cuts and fee reductions and key livelihoods. The transfer payment of 400 billion yuan has been issued in advance on March 21, because it is necessary to prepare for the refund on April 1.
From a total point of view, it can support the reduction of local income.
In addition to the special one-time arrangement, there are also funding arrangements for normal transfer payments.
The one-time arrangement is combined with the normal transfer payment fund arrangement. It is expected that the actual revenue reduction of the newly added tax rebates and other tax reductions and fee reductions implemented mainly by counties and districts can be fully made up, and the policy of tax rebates and tax reductions can be guaranteed to be implemented. In place, to ensure the smooth operation of county finance.