Whether enterprises can enjoy the VAT rebate policy during the epidemic period
Can enterprises enjoy the VAT refund policy after enjoying the incremental tax rebate policy for material production enterprises that are the key guarantee for epidemic prevention and control?
Can the VAT rebate and the policy of immediate collection and refund be enjoyed at the same time?
According to the provisions of Announcement No. 8 in 2020, enterprises producing key support materials for epidemic prevention and control can apply to the competent tax authorities for a full refund of the incremental tax credits formed in January 2020 and later on a monthly basis.
According to the provisions of the No. 2 announcement of the Ministry of Finance and Taxation in 2020, taxpayers who have obtained the VAT rebate in accordance with the No. 39 announcement of the Ministry of Finance, the State Administration of Taxation and the General Administration of Customs in 2019, and the No. 84 announcement of the Ministry of Finance and Taxation in 2019, shall not apply for the VAT rebate policy.
The situation that your company obtained VAT rebate in accordance with the provisions of Announcement 8 does not fall within the scope of application of VAT rebate policy after tax rebate stipulated in Announcement 2.
Tips on VAT rebate
1. Incremental tax rebate:
It refers to the newly increased ending tax credit compared with the end of March 2019
2. How to calculate tax refund
Allowable refundable incremental tax credit=incremental tax credit * input proportion (applicable to some advanced manufacturing taxpayers)
Allowable refundable incremental tax credit=incremental tax credit * input proportion * 60% (applicable to taxpayers other than some advanced manufacturing industries)
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