Group 1 - The article discusses the process of issuing red invoices and the necessary confirmations required from both the issuing and receiving parties [5][9] - It outlines the steps for taxpayers to handle the "red invoice information confirmation form" through the electronic tax bureau app, including options to confirm or reject the red invoice [5][9] - Important notes include the expiration of confirmation forms if not acted upon within 72 hours and conditions under which the forms can be canceled [5][9] Group 2 - The article highlights tax policies regarding loss carryforward for high-tech enterprises and small and medium-sized technology enterprises, allowing losses from previous years to be carried forward for up to 10 years [11][12] - It specifies that businesses in severely affected industries due to the pandemic can carry forward losses for up to 8 years, with criteria for defining these industries [11][12] - The article also mentions tax incentives for integrated circuit production companies, allowing loss carryforward for up to 10 years under certain conditions [11][12]

Core Viewpoint - The article discusses the recent updates to the corporate income tax prepayment declaration form in China, highlighting changes aimed at optimizing the reporting process for businesses, effective from October 1, 2025 [1][2]. Group 1: Changes in Prepayment Declaration - The announcement introduces new reporting items in the "Additional Reporting Items" section, including "Employee Compensation" and "Export Methods," which taxpayers must accurately report if applicable [1]. - Under the "Operating Income" section, new items such as "Self-operated Export Income," "Entrusted Export Income," and "Export Agency Fee Income" have been added for businesses involved in export activities [2]. - The "Investment Income" section will now include detailed line items for taxpayers to report specific matters and amounts related to equity disposal [2]. Group 2: Special Equipment Tax Credit Policy - Businesses eligible for the special equipment tax credit policy can choose to report this during the prepayment phase, allowing them to enjoy tax benefits based on their operational conditions [2]. - The policy allows for a 10% tax credit on the portion of digital and intelligent transformation investments in special equipment that does not exceed 50% of the original tax basis, applicable from January 1, 2024, to December 31, 2027 [2][9]. Group 3: Adjustments in Tax Distribution for Branches - The method for distributing tax payments among total and branch institutions has been adjusted to apply to the prepayment phase, streamlining the calculation process [2]. - New items such as "Total Institution Distribution" and "Total Institution Fiscal Central Distribution" have been added to the tax distribution calculation method [2]. Group 4: Important Reminders - The deadline for tax declaration in October has been extended to October 27 [3].