Enterprises intensively received value-added tax credits and refunds, and some enterprises received tax refunds exceeding 200 million yuan

　　The value-added tax refund "red envelopes" with a scale of up to 1.5 trillion yuan have been distributed one after another.

　　Recently, Henan Hengxing Technology Co., Ltd. issued an announcement stating that its holding subsidiary Inner Mongolia Hengxing Chemical Co., Ltd., in accordance with the relevant requirements of the Ministry of Finance and the State Administration of Taxation "Announcement on Further Strengthening the Implementation of the VAT Refund Policy at the End of the Period," The competent tax authority applied and received a refund of the end-of-period VAT credit of approximately 236 million yuan on April 8, 2022.

　　This is the first listed company to issue an announcement on the receipt of VAT refunds since the new policy on VAT refunds began on April 1.

In fact, many enterprises have already received tax refunds, most of which are small and micro enterprises, and this is related to the above-mentioned "Announcement" giving priority to refunding small and micro enterprises and individual industrial and commercial households with tax credits.

　　For example, the small and micro enterprise Zhongshan Zhonghuan Pipe Industry Co., Ltd. received a tax refund of more than 3,000 yuan within an hour after applying for a tax refund.

The relevant person in charge of the Goods and Labor Tax Division of the Guangdong Provincial Taxation Bureau relies on the tax big data to assess that there are 180,000 local taxpayers who may meet the conditions for tax refunds.

On the first day of April 1 in Shanghai, more than 500 eligible enterprises received 1.655 billion yuan in tax refunds, which eased financial pressure for companies hit by the epidemic.

　　A number of finance and taxation experts told Yicai that the current epidemic is spreading in many places, and enterprises, especially small and micro enterprises, are struggling to operate and are in urgent need of financial support.

This year, the 1.5 trillion yuan value-added tax refund has been successfully implemented since April 1. Many companies have received tax refunds in a timely manner, increasing their current income and helping companies to bail out and develop. This is also conducive to enhancing companies’ confidence in development and helping to stabilize the macroeconomic market.

　　The smooth implementation of the large-scale VAT credits and refunds is inseparable from the strong support of the central government.

　　Take the above-mentioned Inner Mongolia Hengxing Chemical Co., Ltd., which received a tax rebate of 2.36 trillion yuan as an example. The company is registered in Ordos City, and the tax rebate comes from this city.

A person from the Ordos Municipal Finance Bureau wrote an article earlier this year that a major challenge for local VAT refunds last year was that due to insufficient local financial resources, some taxpayers could not apply for tax refunds for the time being, including 3 taxpayers eligible for tax refunds. The total tax amount is about 450 million yuan.

This is also a major challenge for the implementation of VAT credits and refunds.

　　Value-added tax is a tax shared by the central and local governments, with a 50% revenue share, and the central and local governments should each bear half of the tax refund.

However, considering the local financial difficulties, in order to support the grassroots implementation of tax rebates, tax reductions and fee reductions, as well as ensuring employment and basic livelihoods, etc.

This year, the central government will invest 1.2 trillion yuan.

Among them, for the local burden part of the newly added tax rebates, the central government subsidy exceeds 82% on average, and it is inclined to the central and western regions.

　　Feng Qiaobin, deputy director of the Macroeconomic Research Department of the Development Research Center of the State Council, once told China Business News that under the background of the downturn in the real estate industry and the slowdown in land income, it is difficult for local governments to spend a huge amount of money for tax rebates.

This time, the central government has used its "old capital", such as raising funds through the central bank's over 1 trillion yuan of profits, to bear the bulk of the remaining tax refund funds.

The purpose of this is to ensure that the policy of tax rebates, tax reductions and fee reductions is implemented without compromise, and at the same time to avoid any impact on grassroots financial operations, public management and social services.

　　In late March, the Ministry of Finance has allocated the first batch of special transfer payments of 400 billion yuan to support small and micro enterprises' tax rebates, which strongly supports local implementation of the new tax rebate policy.

　　In addition to the strong support of the central financial funds, local taxation departments have overcome difficulties such as the closure of offline tax service offices and the obstruction of face-to-face publicity and counseling due to the frequent domestic epidemics, and actively adopted "non-contact" services such as cloud publicity, cloud counseling, and cloud processing. Ensure that "red envelopes" such as tax rebates are distributed to relevant enterprises as soon as possible.

　　The Shanghai tax department adheres to both epidemic prevention and control and policy implementation. It uses "A+B" shifts and "white+black" relay methods to quickly answer taxpayers' questions about policies, and guide enterprises to apply for tax refunds through video, WeChat and other methods. Operate the business to ensure the timely implementation of the tax rebate policy.

　　During the epidemic, the Jilin Provincial Taxation Bureau opened the WeChat mini-program of the "Ji Tax Office" collection interactive platform to realize online consultation and remote assistance for tax-related business.

After the taxpayer and payer initiates online interaction through remote photography and video connection, the tax cadre responds as soon as possible and guides the enterprise to handle related business.

Up to now, taxpayers and payers have initiated 11,300 online interactions through the platform, including more than 1,900 remote assistance businesses.