热点问答丨关于完善增值税期末留抵退税政策十问十答

Core Viewpoint - The announcement from the Ministry of Finance and the State Taxation Administration regarding the improvement of the VAT end-of-period credit refund policy will take effect from September 1, 2025, outlining specific eligibility criteria and procedures for taxpayers to apply for VAT refunds. Summary by Sections Eligibility Criteria for VAT Refund - Taxpayers must meet the following conditions to apply for the VAT end-of-period credit refund: - Taxpayer's credit rating must be A or B [2] - No instances of fraudulently obtaining VAT credits or invoices in the past 36 months [3] - No more than one tax evasion penalty from tax authorities in the past 36 months [4] - Must not have enjoyed VAT immediate refund or deferred refund policies since April 1, 2019, unless specified otherwise [5] Application Process for Refund - Taxpayers wishing to return previously refunded VAT credits must submit a "Refund Application Form" through the electronic tax bureau or tax service hall [6] - Upon returning the refunded VAT credits, taxpayers can continue to deduct input VAT in their subsequent tax declarations [6] Calculation of Refundable VAT Credits - The refundable VAT credits for eligible manufacturing and other specified industries are calculated using the formula: Refundable VAT Credits = End-of-Period VAT Credits × Input Composition Ratio × 100% [9] - The input composition ratio is determined based on the proportion of deductible VAT from specified invoices during the relevant period [10] Credit Rating Considerations - The credit rating used for eligibility is based on the taxpayer's rating at the time of submitting the refund application [11] Handling of VAT Debts - Taxpayers with both VAT debts and end-of-period VAT credits will have their refundable VAT credits determined after offsetting the debts with the latest VAT declaration [12] Submission of Refund Applications - General VAT taxpayers must submit their refund applications in the month following the fulfillment of eligibility conditions, after completing their VAT tax declaration [14] Impact of Returning Refunds on Future Applications - Taxpayers who return all previously received VAT refunds cannot apply for immediate refunds or deferred refunds for transactions occurring after the return [15] Post-Approval Actions - After the tax authority approves the VAT refund application, taxpayers must adjust their end-of-period VAT credits accordingly and report the approved refundable amount in their VAT declarations [16]