Who is the 500 million yuan left over for tax rebates? How to return? Xing'an League latest release!

On April 1, the press conference on the Xing’an League’s value-added tax refund policy jointly organized by the League’s Finance Bureau, the League’s Taxation Bureau, and the League’s People’s Bank was held at the League’s Party and Government Building.


Photographed by Zhang Yu at the press conference


The press conference focused on the implementation of the large-scale value-added tax refund policy implemented by the State Council in 2022, and introduced the work measures of the Union’s finance, taxation, and the People’s Bank of China to implement the VAT refund policy And announced the theme of the 31st National Tax Publicity Month of " tax incentives promote development and benefit enterprises and people to the future".
Tax rebates and tax cuts are key measures to stabilize the macroeconomic market this year. In 2022, the Ministry of Finance and the State Administration of Taxation have clarified the policy of further implementing preferential income tax policies for small and micro enterprises, further increasing the policy of refunding value-added tax at the end of the period, and exempting small-scale VAT taxpayers from VAT. At the same time, the Ministry of Finance issued the first batch of support small and micro enterprises tax refunds special transfer payments 400 billion yuan, and our alliance received 500 million yuan.


Photographed by Zhang Yu during the reporter’s question session


Policies such as tax rebates have formed a joint force with the large-scale tax rebate policy, playing a "combined punch". The financial department will provide financial guarantee for the tax refund left over, strictly follow the direct fund management requirements, directly reach the grassroots level of cities and counties, and directly benefit enterprises and people. The Taxation Bureau of the League will carry out targeted and timely multiple rounds of question-and-answer counseling for applicable enterprises across the Union starting from April this year. For enterprises with complicated inventory of tax credits and refunds, one-on-one counseling will be provided when necessary, and door-to-door explanations will be made to effectively implement them. The large-scale value-added tax credit and refund policy has been implemented carefully and well. The People's Bank of the League will actively build a "green channel" for tax refunds, open up the "last mile" of electronic tax refunds, and ensure that tax refunds are allocated to enterprises as soon as possible, playing an important role in stabilizing market players and ensuring employment and people's livelihood.
Zhu Muren, an employee of Xing’an League Boyuan Chemical Co., Ltd., said in an interview with reporters that the tax rebate policy is a “policydividend” issued to enterprises. The funds from this full tax rebate will be used to purchase production equipment and further expand production scale .
During the questioning session of the press conference, the relevant leaders of the Union Finance Bureau, the Union Taxation Bureau and the Union People's Bank asked whether the implementation of large-scale tax rebate measures would affect local fiscal revenue and expenditure, and what positive impact the value-added tax refund policy will have on market entities. The background and specific content of the new combined tax and fee support policy to be implemented in 2022, as well as the theme and related arrangements of the National Tax Publicity Month, answered questions from reporters.


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The Ministry of Finance and the State Administration of Taxation have recently issued the Caishui 2022 No. 13, 14, and 15 Announcements to further implement the preferential income tax policy for small and micro enterprises, further increase the value-added tax end-of-period tax refund policy, and small-scale value-added tax The taxpayer exemption from value-added tax policy has been clarified. First, for the part of small and low-profit enterprises whose annual taxable income exceeds 1 million yuan but not more than 3 million yuan, a 25% reduction is included in the taxable income, and the enterprise income tax is paid at a rate of 20%. The second is to increase the strength of the VAT refund policy for small and micro enterprises at the end of the period, and expand the policy scope of advanced manufacturing monthly full refund of value-added tax increment residual tax credit to small and micro enterprises (including individual industrial and commercial households) ), and a one-time refund of the remaining tax credit for small and micro enterprises. Increase "manufacturing industry", "scientific research and technical service industry", "electricity, heat, gas and water production and supply industry", "software and information technology service industry", "ecological protection and environmental governance industry" and "transportation industry" Transportation, warehousing and postal industry" (hereinafter referred to as manufacturing industry and other industries) VAT credit refund policy at the end of the period, and expand the scope of the advanced manufacturing industry's monthly full refund of value-added tax incremental residual tax policy to eligible manufacturing industries, etc. industryEnterprises (including individual industrial and commercial households, the same below), and a one-time refund of the remaining tax credits for enterprises in manufacturing and other industries. The third is that from April 1, 2022 to December 31, 2022, small-scale VAT taxpayers shall be exempted from VAT on taxable sales income of a 3% levy rate of 3%; the pre-levy rate of 3% is applicable For ’s prepaid value-added tax project, the prepaid value-added tax is suspended.


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