一文读懂丨制造业等行业增值税留抵退税政策及实操

Core Viewpoint - The article discusses the tax reduction policies for advanced manufacturing enterprises in China, highlighting a total tax reduction and refund amounting to 1,109.4 billion yuan for 2024, aimed at supporting high-quality development in the manufacturing sector [2]. Group 1: Tax Reduction Policies - The policy allows eligible taxpayers to apply for refunds of incremental and stock VAT credits, specifically targeting manufacturing and related industries [4]. - Relevant policies include announcements from the Ministry of Finance and the State Taxation Administration regarding the implementation of VAT refund policies [4]. Group 2: Eligible Industries - Eligible industries for the VAT refund include manufacturing, scientific research and technical services, electricity, heat, gas, and water production and supply, software and information technology services, ecological protection and environmental governance, and transportation, warehousing, and postal services [5]. - The definition of eligible enterprises includes those whose VAT sales in the specified industries exceed 50% of total VAT sales over the past 12 months [5]. Group 3: Conditions for Enjoying Benefits - Taxpayers must meet specific conditions to qualify for the VAT refund, including maintaining a certain level of sales in the eligible industries [6][7]. - The incremental VAT credit is calculated based on the difference between the current period's end credit and the credit as of March 31, 2019 [8]. Group 4: Calculation of Refundable VAT Credits - The formula for calculating refundable VAT credits includes both incremental and stock VAT credits, adjusted by the input composition ratio [10]. - Taxpayers must reduce their current period's VAT credits by the amount refunded [10]. Group 5: Application Process - The application process for VAT refunds involves several steps through the electronic tax bureau, including data pre-filling and submission of the application form [12][15].