Core Viewpoint - The article discusses the timing for obtaining valid tax deduction certificates for corporate expenses, emphasizing the importance of acquiring these certificates before the annual corporate income tax settlement period ends, specifically by May 31 of the following year [3][5]. Summary by Sections Tax Deduction Timing - Companies should obtain valid tax deduction certificates before the end of the corporate income tax settlement period, which is by May 31 of the following year [3][5]. - An example is provided where Company A incurs a service fee of 50,000 yuan in December 2024 and must obtain the appropriate invoice by May 31, 2025, to deduct this expense from their taxable income [3]. Policy Basis - The article references the "Management Measures for Tax Deduction Certificates" issued by the State Administration of Taxation, which outlines the requirement for companies to secure these certificates within the specified timeframe [5]. Related Links - The article includes links to additional resources on tax deduction topics, such as the differences between internal and external certificates, and the classification of revenue and capital expenditures [5].

Policy Documents - The main policy documents regarding corporate income tax for policy-based relocation include the announcement by the State Administration of Taxation on the management measures for corporate policy-based relocation income tax [4][5]. Definition of Policy-Based Relocation - Policy-based relocation refers to the complete or partial relocation of enterprises under government leadership due to public interest needs, including national defense, infrastructure, public welfare projects, and urban redevelopment [4][5]. Relocation Income - Relocation income for enterprises includes compensation received from external sources (including government) and income from the disposal of assets during relocation. Income from the disposal of inventory during relocation is treated as normal operating income and not classified as relocation income [6]. Relocation Expenditure - Relocation expenditure includes costs incurred during the relocation process and asset disposal costs due to relocation. Specific expenditures include employee relocation costs, wages during downtime, and costs related to asset storage and installation [7]. Tax Treatment of Relocation Assets - Different categories of relocation assets require distinct calculations for tax costs and depreciation or amortization periods, including assets that can be used immediately, those needing major repairs, land acquired through exchange, and newly purchased assets during relocation [8][9][10][11][12]. Relocation Income Calculation - The relocation income, after deducting relocation expenditures, constitutes the relocation profit, which must be reported in the tax calculation for the year of relocation completion [14]. Losses from Relocation - If the relocation income minus expenditures results in a negative figure, it is classified as a relocation loss, which can be treated for tax purposes in one of two ways: as a one-time deduction or spread over three years [15][17]. Completion Year of Relocation - The completion year of relocation is defined by specific criteria, including the completion of relocation planning and achieving a certain level of operational income [16][19]. Loss Carryforward - Enterprises with unutilized losses from previous years can deduct these losses from taxable income during the relocation period, provided they meet certain conditions [21]. Filing Requirements - Enterprises must submit relevant relocation documentation to tax authorities by May 31 of the following year after the start of relocation. Failure to do so may result in the relocation being treated as non-policy-based [23][24]. Tax Declaration Examples - A case study of Company A illustrates the accounting treatment of relocation compensation and the necessary tax declaration forms to be filled out during the relocation process [25][26][29].

Core Viewpoint - The article discusses recent updates on tax policies for small and micro enterprises in China, particularly focusing on the prepayment of corporate income tax and the benefits related to R&D expense deductions. Group 1: Corporate Income Tax Prepayment - Small and micro enterprises are required to prepay corporate income tax on a quarterly basis, as per the announcement by the State Taxation Administration [4] - Enterprises that were previously paying monthly can switch to quarterly prepayment if they meet the criteria for small and micro enterprises during the prepayment periods in April, July, and October [4] - The new regulations took effect on January 1, 2023, and the previous announcement regarding small and micro enterprises' tax policies has been abolished [4][8] Group 2: R&D Expense Deductions - Enterprises can enjoy R&D expense deductions during their prepayment submissions in July and October if they accurately account for their R&D expenses [7] - The policy allows enterprises to choose to apply for the R&D expense deduction based on their actual R&D expenditures, either during the mid-year or at the annual settlement [10] - The announcement regarding the optimization of R&D expense deductions also took effect on January 1, 2023 [10][8] Group 3: Tax Settlement Procedures - Enterprises must submit their annual corporate income tax returns within five months after the end of the tax year to reconcile any overpayments or underpayments [12] - If an enterprise has prepaid more tax than what is due, it should apply for a tax refund, which the tax authority is required to process promptly [12]

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Core Viewpoint - The article provides a comprehensive overview of the policies regarding asset loss tax deductions for taxpayers, emphasizing the types of losses that can be deducted and the necessary documentation required for such deductions [2]. Group 1: Types of Asset Losses - Asset losses include cash losses, deposit losses, bad debt losses, loan losses, equity investment losses, fixed asset and inventory losses due to theft, damage, or natural disasters, among other losses [4]. Group 2: Deduction Year Regulations - Actual asset losses must be reported in the year they occur and are recognized in accounting, while statutory asset losses can be recognized in the year they meet the conditions set by relevant tax regulations [6]. - If an asset loss that has been deducted is later recovered, the recovered amount must be reported as income in the year it is received [7]. Group 3: Bad Debt Losses - For bad debt losses related to receivables and prepayments, specific documentation is required, including court announcements for bankruptcy, legal judgments, or proof of business closure [9]. - Receivables overdue for more than three years can be recognized as bad debt losses if they have been accounted for as losses, with a special report required [9]. Group 4: Debt Investment Losses - Debt investment losses must be supported by original documents, contracts, and accounting records, with additional evidence required for specific circumstances such as bankruptcy or natural disasters [10]. Group 5: Equity Investment Losses - Documentation for equity investment losses includes proof of the investment basis, bankruptcy announcements, and other legal documents confirming the loss [15]. Group 6: Losses from Criminal Cases - Losses incurred due to criminal cases can be deducted if they are substantiated by relevant legal documents, such as police reports or court judgments [12]. Group 7: Treatment of Losses from Domestic and Foreign Operations - Asset losses from domestic and foreign operations must be accounted for separately, with losses from foreign operations not deductible when calculating domestic taxable income [13]. Group 8: Reporting Asset Losses - Companies must report asset losses using the specified tax forms without submitting supporting documents, which should be retained for verification [14].

Core Insights - The Tianjin Municipal Taxation Bureau's Fourth Taxation Division has formed an expert team to provide specialized guidance on corporate income tax settlement and clearance policies for two key enterprises in the region [1] - The initiative aims to address the unique needs of the construction company Bohai Petroleum Navigation Construction Engineering Co., Ltd. and the bidding company Tianjin CNOOC Bidding Agency Co., Ltd. [1] Group 1: Construction Industry - The tax team focused on the construction industry's long cycles and complex cost accounting, emphasizing compliance with cost invoice management and the risks of issuing false invoices [1] - Companies were advised on the confirmation of tax amounts related to investment income, with clear guidelines on revenue recognition timing for cross-year projects to avoid tax payment delays [1] Group 2: Bidding Industry - For the bidding company, the tax team concentrated on managing pre-tax deduction vouchers, reinforcing the alignment of expense deductions with preferential policies [1] - Guidance was provided on the documentation requirements for intermediary service fees and bidding costs to prevent tax adjustments due to incomplete vouchers [1] Group 3: Overall Impact - Both companies expressed gratitude for the professional services provided by the tax department, highlighting that precise guidance on revenue recognition helped mitigate potential risks [1] - The Fourth Taxation Division's approach combined policy interpretation, practical case studies, and risk alerts, effectively assisting enterprises in overcoming declaration challenges and ensuring they fully benefit from policy incentives [1]

Core Viewpoint - The article discusses the new changes in the corporate income tax annual settlement and clearance process for 2024, specifically focusing on the preferential tax policies for small and micro enterprises, aimed at facilitating their compliance with tax regulations [3][4]. Summary by Sections Small and Micro Enterprises Tax Preferences - Small and micro enterprises can calculate their taxable income at a reduced rate of 25% and pay corporate income tax at a rate of 20%, with this policy extended until December 31, 2027 [4]. - To qualify as a small and micro enterprise, the following criteria must be met: annual taxable income does not exceed 3 million yuan, the number of employees does not exceed 300, and total assets do not exceed 50 million yuan [5]. Tax Reporting Changes - The annual tax reporting form A107040 has been canceled, and small and micro enterprises must report their tax exemptions in the main corporate income tax annual tax return form (A100000) [6]. - The criteria for determining the number of employees and total assets should be based on the average values over the year, calculated as the average of the beginning and end of each quarter [5]. Tax Payment and Compliance - Small and micro enterprises can enjoy tax preferences regardless of whether they are under the accounting or simplified taxation method [7]. - If an enterprise initially does not meet the criteria but later qualifies during the year, it can adjust its tax payments accordingly, and any overpaid taxes can be deducted from future payments [7]. - If an enterprise benefits from the small and micro enterprise tax policy but later finds it does not meet the criteria during the annual settlement, it must pay the owed corporate income tax [7].

Core Viewpoint - The article focuses on the common mistakes in corporate income tax filing, specifically regarding non-taxable income, to assist companies in compliant tax reporting during the annual tax settlement process [1]. Summary by Sections Non-Taxable Income Scope - Non-taxable income includes: - Fiscal allocations from government to budget-managed entities and social organizations, unless specified otherwise by the State Council [1]. - Administrative fees and government funds collected according to laws and regulations, which are managed by the government [2]. Special Cases of Non-Taxable Income - Other non-taxable income as defined by the State Council includes funds designated for specific purposes and approved by the State Council [3]. - Government transfers of state-owned assets to enterprises can be considered non-taxable income if managed according to specific regulations [4][5]. Pension Fund Investments - Investment income from pension funds, as approved by the State Council, is classified as non-taxable income for corporate income tax purposes [6]. - Income from social security funds, including interest from bank deposits and returns from securities investments, is also non-taxable [7]. Software and Nuclear Power Industries - Software companies can treat certain VAT refunds as non-taxable income if used for R&D and accounted separately [8]. - Nuclear power enterprises are exempt from corporate income tax on VAT refunds used for debt repayment since January 1, 2008 [9].

欢迎扫描下方二维码关注： 企业所得税汇算清缴丨常见费用税前扣除比例（一） 2 024年度企业所得税汇算清缴正在进行中，企业在申报过程中，准确掌握各项费用税前扣除比例至关重 要。本期将聚焦工资薪金、职工福利、保险费支出这几类常见费用，解读其税前扣除比例，助力企业顺利完成 汇算清缴工作~ 工资、薪金： 100% 企业发生的合理的工资、薪金支出，准予扣除。工资、薪金，是指企业每一纳税年度支付给在本企业任职或 者受雇的员工的所有现金形式或者非现金形式的劳动报酬，包括：基本工资、奖金、津贴、补贴、年终加薪、 加班工资，以及与员工任职或者受雇有关的其他支出。 政策依据 《中华人民共和国企业所得税法实施条例》 职工福利费： 14% 企业发生的职工福利费支出，不超过工资、薪金总额1 4%的部分，准予扣除。 政策依据 《中华人民共和国企业所得税法实施条例》 职工教育经费： 8% 企业发生的职工教育经费支出，不超过工资、薪金总额8%的部分，准予在计算企业所得税应纳税所得额时 扣除 ；超过部分，准予在以后纳税年度结转扣除。 政策依据 《财政部 税务总局关于企业职工教育经费税前扣除政策的通知》(财税〔2018〕5 1号) 工会经费： ...

Core Viewpoint - The article discusses various tax incentives and policies aimed at supporting high-tech enterprises, small and micro enterprises, and specific sectors such as pharmaceuticals and technology transfer, highlighting the benefits of these policies for businesses in terms of tax reductions and deductions [4][12][11]. Group 1: High-Tech Enterprise Incentives - High-tech enterprises are subject to a reduced corporate income tax rate of 15% [4]. - Losses incurred in the five years prior to qualifying as a high-tech enterprise can be carried forward for up to 10 years for tax offset [4]. Group 2: Equipment and Depreciation Policies - From January 1, 2024, to December 31, 2027, enterprises can deduct the full cost of newly purchased equipment valued under 5 million yuan in the year of purchase, rather than depreciating it over several years [5]. - The definition of equipment includes fixed assets excluding buildings, and the timing of asset recognition is based on invoice issuance or completion of construction [17]. Group 3: Pharmaceutical Sector Benefits - Pharmaceutical manufacturing companies can deduct advertising and promotional expenses up to 30% of their annual sales revenue, with excess amounts allowed to be carried forward to future tax years [9]. - Income from the initial processing of medicinal plants is exempt from corporate income tax [9]. Group 4: Technology Transfer Tax Relief - For technology transfer income, the first 5 million yuan is exempt from corporate income tax, while amounts exceeding this threshold are taxed at half the standard rate [11]. Group 5: Small and Micro Enterprise Policies - Small and micro enterprises can calculate taxable income at a reduced rate of 25% and pay corporate income tax at a rate of 20%, with this policy extended until December 31, 2027 [12]. - Criteria for small and micro enterprises include annual taxable income not exceeding 3 million yuan, fewer than 300 employees, and total assets not exceeding 50 million yuan [12].