Core Viewpoint - The article discusses various tax deduction policies related to employee welfare expenses, sponsorship expenditures, and the treatment of prior year unclaimed deductions under corporate income tax regulations in China [3][4][5][6][13]. Group 1: Employee Welfare Expenses - Employee subsidies for direct relatives' medical expenses can be deducted as employee welfare expenses, provided they do not exceed 14% of the total salary expenses [3]. - The definition of employee welfare expenses includes various subsidies and non-monetary benefits such as medical expenses for employees and their dependents, heating subsidies, and transportation allowances [3][4]. Group 2: Sponsorship Expenditures - Sponsorship expenditures related to third-party activities can be classified as advertising and promotional expenses if they serve to promote the company's image and are directly related to income generation [6]. - Non-advertising sponsorship expenditures that are unrelated to business operations cannot be deducted from taxable income [6]. Group 3: Prior Year Unclaimed Deductions - Companies can claim previously unclaimed deductible expenses for corporate income tax, but the claim must be made within five years from the year of discovery [9][10]. - The five-year period for claiming unclaimed deductions starts from the year prior to the year in which the expense was discovered [10]. Group 4: R&D Expense Deductions - Certain costs associated with R&D activities, such as intellectual property application fees and related expenses, can be additionally deducted, but the total amount cannot exceed 10% of the total R&D expenses eligible for deduction [11][12]. Group 5: Small and Micro Enterprises - Small and micro enterprises can benefit from income tax preferential policies, but these policies apply only to profitable enterprises, as losses can be carried forward to offset future taxable income [13].

Core Viewpoint - The article discusses the tax policies and conditions for small and micro-profit enterprises in China, emphasizing the criteria for qualification and the benefits of tax reductions available until December 31, 2027 [3][4]. Group 1: Definition and Conditions - Small micro-profit enterprises are defined as those with an annual taxable income not exceeding 3 million yuan, total assets not exceeding 50 million yuan, and a workforce of no more than 30 employees [2]. - The criteria for qualification include not being in restricted or prohibited industries [2]. Group 2: Tax Reduction Policies - According to the announcement by the Ministry of Finance and the State Taxation Administration, small micro-profit enterprises can enjoy a 25% reduction in corporate income tax [3]. - The tax reduction policy is applicable regardless of the method of tax collection, whether it is based on accounting or fixed assessment [3]. Group 3: Application Process - Enterprises can enjoy the tax reduction by self-assessing, declaring, and retaining relevant documentation for verification [4]. - Required documentation includes proof that the business is not in a restricted industry, calculations of the number of employees, and total assets [4][5]. Group 4: Average Calculation - The number of employees and total assets should be calculated based on the quarterly average for the year [6]. - The formula for calculating the quarterly average is provided, ensuring accurate reporting for tax purposes [6]. Group 5: Prepayment and Year-End Settlement - Enterprises can enjoy the small micro-profit tax benefits during prepayment of corporate income tax if they meet the criteria at that time [7]. - If an enterprise qualifies for the tax reduction during prepayment but does not meet the criteria during year-end settlement, they must pay the tax difference [9]. Group 6: Changes in Tax Reporting - The annual tax declaration form for small micro-profit enterprises has been optimized, with specific changes noted for compliance [13]. - Small micro-profit enterprises are required to file quarterly prepayments and annual settlements [14]. Group 7: Branch Offices and Tax Calculation - Enterprises with non-legal person branch offices must aggregate the number of employees, total assets, and taxable income from all branches to determine eligibility for small micro-profit status [16]. - The tax obligations for branches are clarified under the relevant tax regulations [17]. Group 8: Choosing Between Tax Benefits - High-tech enterprises that also qualify as small micro-profit enterprises can choose the more favorable tax rate but cannot combine the benefits [20][22]. - The article advises on how to navigate the selection of tax benefits based on the enterprise's situation [22]. Group 9: Compliance Risks - Enterprises should ensure accurate reporting of the number of employees, total assets, and taxable income to avoid compliance issues [23]. - The importance of accurate calculations and declarations is emphasized to maintain eligibility for tax benefits [23].

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 discusses the "Immediate Refund" service for outbound travelers, which allows them to receive a refund in RMB at the point of purchase after signing an agreement and completing a credit card pre-authorization [18][19]. Group 1: Definition and Conditions - The "Immediate Refund" service is a facilitation measure for outbound tax refunds, enabling travelers to claim an amount equivalent to the tax refund in RMB at designated stores [18][19]. - To enjoy this service, outbound travelers must pass customs verification upon departure and comply with the terms outlined in the agreement [19]. Group 2: Eligible Goods - All goods eligible for the current outbound tax refund policy fall under the "Immediate Refund" category [4]. Group 3: Requirements for Stores - Stores wishing to offer the "Immediate Refund" service must reach an agreement with local tax refund agencies regarding pre-payment and other matters [5][17]. Group 4: Process for Travelers - The process for travelers involves three main steps: 1. The store issues a tax refund application form and processes credit card pre-authorization after the traveler signs the agreement [6][15]. 2. Customs verification requires travelers to present the tax refund items, application form, sales invoice, and valid ID [6][15]. 3. The tax refund agency reviews the submitted documents and either processes the refund or recovers the pre-payment if the traveler does not meet the conditions [6][15][16]. Group 5: Agreement Details - The agreement must be signed by the outbound traveler, acknowledging their understanding of the rights and responsibilities associated with the "Immediate Refund" service [7][21]. - The agreement is provided free of charge by the "Immediate Refund" store and must be retained by the store or tax refund agency [7][21]. Group 6: Credit Card Pre-Authorization - Credit card pre-authorization involves freezing an amount equivalent to the pre-payment for the traveler, managed by the store or tax refund agency [8].