Core Viewpoint - The Ministry of Finance and the State Taxation Administration jointly issued the Announcement No. 7 regarding the improvement of the VAT end credit refund policy, effective from September 1, 2025 [2]. Applicable Conditions - Taxpayers must meet the following conditions to apply for the refund under Announcement No. 7: - The taxpayer's credit rating must be A or B [4]. - No instances of fraudulent claims for VAT credits or export VAT refunds, or issuance of false VAT invoices in the past 36 months [5]. - No more than two penalties for tax evasion by tax authorities in the past 36 months [6]. - The taxpayer has not enjoyed the immediate VAT refund or deferred refund policies since April 1, 2019, unless specified otherwise in Announcement No. 7 [7]. Manufacturing and Related Industries - **Applicable Scope**: Taxpayers engaged in manufacturing, scientific research and technical services, software and information technology services, and ecological protection and environmental governance must have VAT sales from these activities exceeding 50% of their total VAT sales [8]. - **Policy Highlights**: Starting from the VAT declaration period in September 2025, taxpayers can apply monthly to the tax authority for refunds of end credit tax amounts [8]. - **Calculation Formula**: Refundable credit amount = End credit amount at the period end × Input composition ratio × 100% [8]. Real Estate Development and Management - **Applicable Scope**: Taxpayers engaged in real estate development must have VAT sales and advance payments from these activities exceeding 50% of their total VAT sales and advance payments [9]. - **Policy Highlights**: Compared to the end credit amount as of March 31, 2019, if the end credit amount has increased for six consecutive months and the increase in the sixth month is not less than 500,000 yuan, they can apply for a refund of 60% of the new increase [9]. - **Calculation Formula**: Refundable credit amount = New increase in end credit amount compared to March 31, 2019 × Input composition ratio × 60% [9]. Other Industries - **Applicable Scope**: Taxpayers in other industries must have end credit amounts greater than zero for six consecutive months, and the new increase in the sixth month must not be less than 500,000 yuan compared to the previous year's end credit amount [10]. - **Policy Highlights**: For new increases not exceeding 10 million yuan, the refund ratio is 60%; for amounts exceeding 10 million yuan, the refund ratio is 30% [10]. - **Calculation Formula**: Refundable credit amount = New increase not exceeding 10 million yuan × Input composition ratio × 60% + Amount exceeding 10 million yuan × Input composition ratio × 30% [10].

Core Viewpoint - The article discusses the new changes to the VAT end-of-period credit refund policy effective from September 2025, allowing eligible taxpayers to apply for refunds of their end-of-period VAT credits under specific conditions [3]. Group 1: Eligible Industries - Taxpayers in the manufacturing, scientific research and technical services, software and information technology services, and ecological protection and environmental governance sectors can apply for monthly refunds of their end-of-period VAT credits [5]. - The refund calculation formula for these industries is: Refundable VAT credit = End-of-period VAT credit × Input composition ratio × 100% [6]. Group 2: Real Estate Sector - Real estate developers can apply for a refund of 60% of the newly increased end-of-period VAT credits if the new credits are greater than zero for six consecutive months, with the sixth month’s new credits not less than 500,000 yuan [8]. - The refund calculation formula for real estate developers is: Refundable VAT credit = Newly increased end-of-period VAT credit compared to March 31, 2019, × Input composition ratio × 60% [9]. Group 3: Other Taxpayers - Other taxpayers can apply for a refund if they have positive end-of-period VAT credits for six consecutive months, and the newly increased credits in the sixth month compared to the previous year’s end-of-period credits are not less than 500,000 yuan [11]. - The refund calculation formula for these taxpayers is: Refundable VAT credit = Newly increased end-of-period VAT credit (up to 100 million yuan) × Input composition ratio × 60% + (amount exceeding 100 million yuan) × Input composition ratio × 30% [11]. Group 4: Eligibility Conditions - To qualify for the policy, taxpayers must have an A or B tax credit rating [12]. - Taxpayers must not have committed fraud related to VAT refunds or have been penalized for tax evasion in the past 36 months [13][14]. - Taxpayers must not have enjoyed VAT immediate refund policies since April 1, 2019, unless otherwise specified [15].

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]

Core Viewpoint - The article discusses the export tax refund policy for enterprises registered in specific border provinces of China, allowing full export tax refunds for goods exported to neighboring countries under certain conditions [3][4]. Group 1: Policy Overview - Export enterprises registered in Inner Mongolia, Liaoning, Jilin, Heilongjiang, Guangxi, Xinjiang, Tibet, and Yunnan can enjoy full export tax refunds for goods exported to neighboring countries through general trade or border small-scale trade [3]. - The policy applies only to goods exported via bank transfer in RMB; cash transactions do not qualify for tax refunds [4]. Group 2: Applicable Conditions - Goods exported using cash settlement do not qualify for export tax refunds [4]. - Enterprises acting as agents for foreign companies or individuals in border small-scale trade must only declare VAT on agency fees, as these transactions are not subject to VAT [6]. - A list of border ports for exports is provided, detailing specific locations in each applicable province [6]. Group 3: Neighboring Countries - Neighboring countries for the purpose of this policy include Russia, North Korea, Vietnam, Myanmar, Laos, Kazakhstan, Kyrgyzstan, Tajikistan, Pakistan, India, Mongolia, Nepal, Afghanistan, and Bhutan [7]. Group 4: Tax Refund Application Process - Export enterprises must provide relevant documentation, including bank transfer receipts, to apply for tax refunds monthly [7]. - If unable to provide bank transfer receipts, enterprises can use specific documentation as per the regulations set by the State Administration of Foreign Exchange [7]. Group 5: Policy References - The policy is based on several official notifications from the Ministry of Finance and the State Administration of Taxation, outlining the procedures and conditions for tax refunds [8].

Core Viewpoint - The article discusses the implementation of tax refund policies for financing leasing exports, particularly focusing on the conditions and applicable entities for these policies [2][5]. Tax Policies for Financing Leasing - A trial tax refund policy for financing leasing export goods has been in effect since October 1, 2014, allowing VAT and consumption tax refunds for goods leased to foreign lessees for a period of five years or more [2]. - The policy also applies to marine engineering structures leased to domestic oil and gas extraction enterprises, treating them as exports eligible for tax refunds [2]. - As of January 1, 2017, domestic production enterprises selling marine engineering structures or leasing them through financing leasing companies are required to pay VAT, with certain exceptions for specific enterprises [3]. Applicable Entities - The policy is applicable to financing leasing enterprises, financial leasing companies, and their project subsidiaries, which must be approved by relevant authorities [4]. - The range of financing leasing export goods includes aircraft, engines, locomotives, passenger carriages, ships, and other goods, adhering to specific regulations [4]. Policy Basis - The tax refund policies are based on several official notifications and announcements from the Ministry of Finance and the State Administration of Taxation, outlining the framework for the implementation of these policies [5].

Core Viewpoint - The article discusses the new services provided by the Shanxi Taxation Bureau to enhance taxpayer convenience, particularly focusing on the ability to access tax information without needing to join the WeChat enterprise account [9]. Group 1: Taxpayer Services - A new service has been introduced that allows taxpayers who have not joined the Shanxi Taxation WeChat enterprise account to access tax information by sharing specific content [9]. - Taxpayers can now easily modify incorrect sales information when issuing invoices through the electronic tax bureau [8]. - The service aims to improve the accessibility of tax-related information and support for taxpayers [9]. Group 2: Tax Regulations - The article references the announcement from the Ministry of Finance and the State Administration of Taxation regarding the calculation of sales revenue proportions for taxpayers in specific industries, including manufacturing and real estate [11]. - It specifies that for manufacturing and related industries, the proportion of VAT sales must exceed 50% of total VAT sales for the taxpayer to qualify for certain benefits [11]. - For real estate developers, the calculation includes both VAT sales and advance payments, with similar percentage requirements [12].

Group 1 - The article discusses the tax policies aimed at supporting self-employed veterans and key groups in entrepreneurship and employment [11][12] - It highlights the definition of enterprises eligible for tax benefits, including limited liability companies, joint-stock companies, sole proprietorships, and partnerships [11][12] - The article outlines the specific tax deductions available for these enterprises, including VAT, urban maintenance and construction tax, education fees, and local education fees, while noting that individual sole proprietorships and partnerships do not pay corporate income tax [12] Group 2 - The article references the announcement from the Ministry of Finance and the State Taxation Administration regarding the improvement of VAT refund policies for certain industries, including manufacturing and real estate [14][15] - It specifies the criteria for taxpayers in the manufacturing and real estate sectors to qualify for VAT refunds, including sales revenue proportions and the calculation methods based on sales over a 12-month period [14][15] - The article emphasizes that pre-sale payments for real estate projects are included in the sales revenue calculations for VAT refunds, and outlines the conditions under which these calculations are made [15]

Core Viewpoint - The new policy on VAT end-period tax refund will be implemented starting September 1, 2025, aimed at providing support to specific industries and taxpayers [4]. Group 1: New VAT End-Period Tax Refund Policy - The policy will take effect from September 1, 2025 [4]. - Eligible industries for tax refund include manufacturing, scientific research and technical services, software and information technology services, ecological protection and environmental governance, and real estate development [4][5]. Group 2: Eligibility Criteria for Tax Refund - Taxpayers in the specified industries must have VAT sales from these sectors exceeding 50% of their total VAT sales to qualify for the refund [6]. - For real estate developers, the VAT sales and prepayments must also exceed 50% of total VAT sales [7][8]. Group 3: Conditions for Application - Applicants must have an A or B tax credit rating and must not have committed tax fraud or been penalized for tax evasion in the past 36 months [11]. - The VAT sales amount includes declared sales, adjusted sales from audits, and assessed sales [12]. Group 4: Calculation of Refundable Tax Amount - The refundable tax amount for eligible taxpayers is calculated based on the end-period tax amount and the proportion of deductible input tax [13][15][18]. - Specific formulas are provided for different categories of taxpayers to determine the refundable amount based on their sales and prepayments [15][18]. Group 5: Interaction with Other Tax Policies - Taxpayers who have already received VAT refunds since April 1, 2019, cannot apply for the immediate refund or deferred refund policies unless they return the previously refunded amounts [22][23].

Core Viewpoint - The announcement by the State Taxation Administration outlines the procedures and requirements for handling the VAT end-of-period tax refund, aiming to standardize the process and improve efficiency for eligible taxpayers [2][31]. Summary by Sections Section 1: Application Process - Taxpayers must submit the "Tax Refund Application Form" through the electronic tax bureau or tax service hall within the VAT filing period of the month following the eligibility for the refund [2][33]. - Taxpayers can apply for both exempt and refund tax in the same filing period if they export goods or provide cross-border services [2][3]. Section 2: Eligibility Criteria - Taxpayers must have a credit rating of A or B and must not have committed significant tax violations in the past 36 months to qualify for the refund [34]. - Specific industries such as manufacturing, scientific research, software, and ecological protection are eligible for monthly applications, while real estate developers can apply for a refund of 60% of the new excess tax compared to the end of March 2019 [32][36]. Section 3: Calculation of Refund Amount - The refund amount is calculated based on the end-of-period tax balance and the proportion of deductible input tax [44]. - For real estate developers, the refund is based on the increase in tax balance compared to March 31, 2019, multiplied by 60% [45]. Section 4: Review and Notification - Tax authorities are required to process refund applications within 10 working days and notify taxpayers of the results [6][8]. - If any tax risk indicators are identified, the processing of the refund may be suspended until the issues are resolved [4][6]. Section 5: Reapplication and Refund Recovery - Taxpayers can reapply for refunds if they meet the conditions after resolving any identified issues [4][41]. - If a taxpayer needs to return previously refunded amounts, they must submit a "Return of Tax Refund Application Form" [27][28].

Core Viewpoint - The recent policies from central and local governments aim to stabilize the real estate market and support new project construction through tax relief and urban renewal initiatives [1][2][3]. Central Policies - The Ministry of Finance and the State Taxation Administration announced a new policy allowing eligible real estate developers to apply for a 60% refund on newly accumulated VAT credits, significantly easing tax burdens for new projects [2]. - The State Council emphasized the need for strong measures to stabilize the real estate market, focusing on high-quality new housing construction and urban renewal to stimulate demand [3]. Local Policies - Eight provinces and cities have released nine market stabilization policies, with a notable initiative in Hefei to assess and plan for the renovation of old residential communities built between 2001 and 2010 [4][5]. - Hefei's initiative aims to prioritize urgent renovations for severely deteriorated communities, enhancing living conditions and contributing to urban renewal efforts [5]. Policy Trends - The frequency of local market stabilization policies has decreased, with a continued focus on optimizing housing provident fund policies across several cities, including Beijing, Chengdu, and Guangzhou [6][9]. - Recent policies have primarily addressed housing security for struggling families, loan limit increases, and improved withdrawal methods for provident funds [10].