Core Viewpoint - Taxpayers providing construction services must prepay value-added tax (VAT) based on the balance of received advance payments after deducting subcontractor payments upon receipt of the advance payments [1]. Group 1: Tax Payment Process - Step 1: Log in to the electronic tax bureau as a registered enterprise or through the "specific subject login" for "cross-regional reporting" [2]. - Step 2: Navigate to "Tax Declaration and Payment" and select "Prepayment Declaration of VAT and Additional Taxes" [3]. - Step 3: Confirm the pre-filled tax declaration results, making necessary corrections if discrepancies exist, and ensure the tax period is correct [4]. - Step 4: After confirming the declaration data, proceed to submit and complete the payment for the declared taxes [4]. Group 2: Tax Rates - The prepayment rate for items under the general taxation method is 2%, while for items under the simplified taxation method, it is 3% [4].

Group 1 - The article discusses the process for small businesses to correct their financial statements submitted through the electronic tax bureau app [2][9] - It highlights that the app currently supports monthly and quarterly submissions under the small enterprise accounting standards [2][7] - Users can log in to the electronic tax bureau app and navigate to the financial statement submission section to make corrections [3][9] Group 2 - The system prompts users if they want to correct errors in the submitted financial statements for the completed reporting period [6][8] - Upon selecting to continue, the app automatically populates the required financial statements and allows users to amend the data [9] - Users can add additional data items to their financial statements by selecting options from the balance sheet or income statement [9]

Core Viewpoint - The article provides a detailed guide on how general VAT taxpayers can confirm the purpose of electronic invoices (railway electronic tickets) through the electronic tax bureau and process VAT input tax deductions accordingly [2][5][7]. Group 1: Invoice Confirmation Process - General VAT taxpayers can confirm the purpose of electronic invoices via their tax digital accounts on the electronic tax bureau [2]. - The steps include logging into the electronic tax bureau, navigating to the invoice confirmation section, and selecting the appropriate invoices for deduction [3][5]. - After selecting the invoices, taxpayers must submit the confirmation and verify the statistical data before completing the deduction process [5][6]. Group 2: Tax Declaration Process - Taxpayers must fill in the VAT input tax amounts from the confirmed electronic invoices in the VAT and additional tax declaration form during the tax declaration process [7]. - The article emphasizes the importance of accurate reporting of these amounts to ensure compliance with tax regulations [7]. Group 3: Additional Information - The article mentions that the electronic tax bureau provides various functionalities for taxpayers, including online consultations and assistance for tax-related queries [25]. - It encourages taxpayers to utilize the electronic tax bureau for efficient tax management and compliance [25].

Group 1: Tax Benefits for Self-Employed Veterans - From January 1, 2023, to December 31, 2027, self-employed veterans can deduct up to 20,000 yuan annually from their actual tax liabilities for a period of 36 months after registering as individual business operators [3] - In Guangdong Province, the deduction limit is set at 24,000 yuan per year [3] - For example, if a veteran in Guangdong has a total tax liability of 18,000 yuan, the policy allows for a full exemption [3] Group 2: Tax Incentives for Employers Hiring Veterans - Employers hiring self-employed veterans and signing labor contracts for over one year can receive a tax deduction of up to 6,000 yuan per veteran per year, with a maximum increase of 50% based on local government regulations [5] - In Guangdong, the deduction standard is 9,000 yuan per veteran per year [6] - For instance, if a factory hires 10 veterans, it can reduce its tax liability by up to 90,000 yuan annually [7]

Core Viewpoint - The article discusses the mechanisms and conditions for tax credit restoration for businesses that have previously committed tax-related violations, emphasizing the importance of compliance and timely rectification to improve credit ratings [7][6]. Group 1: Restoration Mechanisms - Businesses that correct their credit violations within three days can restore 100% of their deducted points, with a tiered restoration system for different levels of deductions [3]. - A gradual restoration mechanism for unpaid taxes is established, where the restoration points are calculated based on the proportion and timeliness of tax payments [3]. - New "overall credit restoration" scenarios are introduced, allowing businesses with no new violations for over six months to gain additional restoration points, capped at a maximum of 11 points [3]. Group 2: Specific Conditions for Restoration - Businesses that have corrected tax declaration and payment issues can apply for credit restoration [4]. - Entities that have been directly rated as D-level due to invoice management violations can apply for restoration after a specified period without new violations, depending on the severity of past penalties [4]. - Businesses that have fulfilled legal obligations and had their non-compliant status lifted by tax authorities are eligible for credit restoration [4]. Group 3: Application Process - Businesses can apply for credit restoration by submitting a form to the tax authority before the annual evaluation, which will be completed within 15 working days [7]. - If violations have not yet been recorded in the credit evaluation, businesses do not need to apply, as the tax authority will update the results during the annual evaluation [7]. - The tax authority will expand and optimize credit restoration channels based on the collection of tax credit information [7].

Core Viewpoint - The announcement aims to improve the VAT refund policy for end-of-period tax credits, allowing eligible taxpayers to apply for refunds under specific conditions starting from September 2025 [3][9]. Group 1: Eligible Industries - Eligible industries for monthly VAT refund applications include manufacturing, scientific research and technical services, software and information technology services, and ecological protection and environmental governance [3][5]. - Real estate developers can apply for a refund of 60% of the newly increased tax credits if they meet specific conditions related to their tax credits over the past six months [3][4]. - Other taxpayers can apply for a proportional refund based on the newly increased tax credits compared to the previous year's end-of-period tax credits, with a refund rate of 60% for amounts up to 100 million and 30% for amounts exceeding that [4][25]. Group 2: Conditions for Application - Taxpayers must have a credit rating of A or B and must not have committed tax fraud or been penalized for tax evasion in the past 36 months [4][20]. - Taxpayers must not have enjoyed VAT refund policies since April 1, 2019, unless they have returned previously received refunds [4][18]. Group 3: Calculation of Refund Amounts - The refund amount for eligible taxpayers is calculated based on the end-of-period tax credits and the proportion of deductible input tax [31][32][33]. - For manufacturing and eligible industries, the formula is: Refundable tax credits = End-of-period tax credits × Input tax proportion × 100% [31]. - For real estate developers, the formula is: Refundable tax credits = Newly increased tax credits compared to March 31, 2019, × Input tax proportion × 60% [32]. - For other taxpayers, the formula is: Refundable tax credits = (Newly increased tax credits up to 100 million) × Input tax proportion × 60% + (Newly increased tax credits exceeding 100 million) × Input tax proportion × 30% [33]. Group 4: Transition and Compliance - Taxpayers who have received VAT refunds since April 1, 2019, cannot apply for immediate VAT refunds unless they return the previously received amounts [37]. - Taxpayers with both VAT debts and end-of-period tax credits will have their refundable amounts calculated after offsetting the debts [39].

Core Points - The Chinese Ministry of Finance and the State Taxation Administration announced improvements to the VAT refund policy for end-of-period tax credits, effective from September 2025 [1] - Eligible general VAT taxpayers in specific industries can apply for monthly refunds of end-of-period tax credits [1] - Real estate developers can apply for a refund of 60% of the newly added end-of-period tax credits if certain conditions are met [1] - Other taxpayers can apply for proportional refunds based on the increase in end-of-period tax credits, with specific thresholds and rates outlined [1][2] Industry Summary - The policy targets four key industries: manufacturing, scientific research and technical services, software and information technology services, and ecological protection and environmental governance, allowing them to apply for monthly refunds [1] - Real estate developers must demonstrate a consistent increase in end-of-period tax credits over six months to qualify for refunds [1] - The refund rates for other industries vary based on the amount of newly added end-of-period tax credits, with a 60% refund for amounts up to 100 million RMB and a 30% refund for amounts exceeding that threshold [1]

Core Viewpoint - The article emphasizes the importance of government policies aimed at fostering the development of specialized, refined, distinctive, and innovative enterprises through various tax incentives and support measures. Group 1: VAT Refund Policies - Eligible manufacturing and related industries can apply for a refund of incremental VAT credits starting from April 2022, with medium-sized enterprises eligible from May 2022 and large enterprises from June 2022 [1][2] - Eligible wholesale and retail industries can apply for a refund of incremental VAT credits starting from July 2022 [2] Group 2: VAT Deduction Policies - Advanced manufacturing enterprises can deduct an additional 5% of their deductible input VAT from their payable VAT from January 1, 2023, to December 31, 2027 [7] - Integrated circuit enterprises can deduct an additional 15% of their deductible input VAT from their payable VAT during the same period [8] - Industrial mother machine enterprises can also deduct an additional 15% of their deductible input VAT from their payable VAT from January 1, 2023, to December 31, 2027 [9] Group 3: R&D Expense Deduction Policies - Enterprises conducting R&D can deduct 100% of their actual R&D expenses from taxable income starting January 1, 2023, with a 200% deduction for expenses that form intangible assets [13] - Integrated circuit and industrial mother machine enterprises can deduct 120% of their actual R&D expenses from taxable income from January 1, 2023, to December 31, 2027, with a 220% deduction for expenses that form intangible assets [14] Group 4: Equipment Deduction Policy - From January 1, 2024, to December 31, 2027, enterprises can deduct the full cost of newly purchased equipment and instruments valued at no more than 5 million yuan in the current period, without annual depreciation [18] Group 5: High-tech Enterprise Tax Incentives - High-tech enterprises that are prioritized for support by the state will be taxed at a reduced corporate income tax rate of 15% [21]