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].

Core Viewpoint - The article emphasizes the importance of maintaining proper documentation related to tax deduction vouchers, highlighting that having these vouchers alone does not guarantee tax deductions without supporting evidence [3][9]. Group 1: Tax Deduction Vouchers - Tax deduction vouchers are essential proof documents, but companies must also retain related materials to verify the authenticity of these vouchers [3][4]. - Related materials include contracts, payment vouchers, and other documents that, while not tax deduction vouchers themselves, substantiate the validity of the vouchers [4][6]. Group 2: Principles of Management - The management of tax deduction vouchers should adhere to the principles of authenticity, legality, and relevance [6][9]. - Authenticity means that the vouchers reflect real economic activities and that the expenses have actually occurred [9]. - Legality refers to the vouchers conforming to national laws and regulations [9]. - Relevance indicates that the vouchers are directly related to the expenses they represent and have evidential power [6][9]. Group 3: Regulatory Framework - According to the National Taxation Administration's announcement, companies are required to keep related materials to validate the authenticity of tax deduction vouchers [9].

Group 1 - The article discusses the importance of accurately reporting inventory losses for tax purposes, emphasizing the need to deduct insurance compensation from the reported loss amount [4][5] - It highlights the necessary documentation required for claiming inventory write-offs, including internal reports on inventory conditions and insurance compensation details [5] - The article mentions that significant losses (over 10% of the taxable cost of the asset) require additional professional assessments or reports from qualified intermediaries [5]

Core Viewpoint - Understanding the distinction between "revenue expenditures" and "capital expenditures" is crucial for businesses to determine how to deduct expenses before tax [5][6][7]. Group 1: Definitions - Revenue expenditures refer to expenses that only benefit the current tax year, such as employee wages [5]. - Capital expenditures are expenses that provide benefits over the current and future tax years, such as the purchase of fixed assets [5]. Group 2: Tax Deduction Treatment - Revenue expenditures can be deducted directly in the tax year they occur [6]. - Capital expenditures cannot be deducted in the same manner; instead, they must be amortized or depreciated over the useful life of the asset [6][7]. Group 3: Legal Framework - The implementation regulations of the Corporate Income Tax Law of the People's Republic of China stipulate that businesses must differentiate between revenue and capital expenditures for tax deduction purposes [7].

Core Viewpoint - Understanding "tax deduction before tax" is crucial for businesses as it directly impacts tax liabilities and overall financial health [3][4]. Group 1: Definition and Importance - "Tax before" refers to income amounts before tax payments, representing the gross income of a business [4]. - "Tax after" indicates the income remaining after tax obligations, reflecting the disposable income available to individuals or businesses [4]. - Tax deduction before tax allows businesses to deduct actual costs and expenses from their income before calculating taxable profits, thereby reducing tax liabilities [5]. Group 2: Legal Basis - According to Article 8 of the Corporate Income Tax Law of the People's Republic of China, reasonable expenses related to income generation, including costs, taxes, and losses, are deductible when calculating taxable income [7]. Group 3: Practical Example - For instance, if a company has a monthly sales revenue of 1 million and receives cost invoices totaling 700,000, this amount can be deducted as a cost, thus lowering the taxable income and reducing the overall tax burden [9].