A brief analysis of the accounting processing cycle of value-added tax deduction tax return essay. To be able to effectively implement the purpose of tax reduction and fee reduction and reduce. The pressure on the capital cost of enterprises, the State Administration of Taxation issued relevant documents. The accounting processing cycle of value-added tax retained tax returns in the year. Clarifying the calculation method of value-added tax retained tax returns for enterprises, applicant conditions, etc. To provide an effective basis for the implementation of value-added tax retained tax returns. However, when the accounting processing cycle of the actual value-added tax deduction. And the tax return of the enterprise stands affected by various factors. It is prone to various risk problems and accounting processing problems.
Here are the articles to explain, the accounting processing cycle of value-added tax deduction tax return essay.
Based on this, the following will be a brief discussion, analyzing the accounting treatment methods. And common risk issues under different conditions of value-added tax retention and tax return. Put forward suggestions for common risk prevention measures to strengthen risk prevention. And control of value-added tax retention and tax return processing.
Keywords:
- value-added tax;
- retention tax return;
- deduction tax return;
- accounting processing;
- accounting processing cycle;
- risk prevention
The pilot implementation of value-added tax retention. The tax returns can allow enterprises to enjoy the tax reduction and fee reduction policy. With the help of the implementation of value-added tax retention and tax return. It can effectively alleviate the cost pressure on enterprises and enable them to make full use of their capital. Since value-added tax retention and tax return is a new business. The relevant documents do not put forward clear requirements for the accounting processing of value-added tax retention and tax return.
Therefore, it is easy to hide risks during the processing process, which affects the effect of the accounting processing cycle. Therefore, when enterprises are piloting the work of value-added tax retention and tax return. They should pay more attention to the accounting treatment of value-added tax retention. Tax return and the prevention of risk issues.
The main precautions for a value-added tax deduction and tax return
(1) Clarify the concept of incremental tax deduction
Due to the coexistence of multiple value-added tax rates in our country. There are certain differences in the applicable tax rates between enterprises. The tax inversion may occur in the accounting process of value-added tax deduction and tax return. Therefore, to be able to carry out efficient accounting processing of value-added tax deductions and tax returns. The concept of incremental tax deductions must first clarify. And the accounting processing cycle must carry out according to the requirements of the tax return.
Before an enterprise conducts the processing of value-added tax retention and tax return, general value-added tax taxpayers and professional processing agencies can understand the relevant notification documents issued by the State Administration of Taxation, correctly understand the concept of incremental tax retention and tax deduction, and carry out accounting processing cycle and value-added tax retention and tax return operations by the relevant notification documents of the State Administration of Taxation, to reduce the probability of tax risks and failure to process applications in the accounting processing cycle process of value-added tax retention and tax return and ensure the orderly advancement of value-added tax retention and tax return work.
(2) Pay attention to the conditions for applicants for tax returns with tax credits
The value-added tax retention tax return has certain requirements for the applicant’s credit evaluation and violations of laws and regulations. Therefore, when processing the application for a value-added tax retention tax return. We must pay attention to the analysis of the applicant’s conditions to ensure that the applicant’s conditions meet the requirements. Judging from the documents issued by the State Administration of Taxation. There are strict requirements and regulations on the conditions for the tax return of the retained tax credit for general value-added tax taxpayers.
Only taxpayers with a credit rating of C or above allow applying for the tax return of the retained tax credit. And general value-added tax taxpayers must also ensure that they have not committed illegal and illegal tax operations. Within 36 months of applying for the tax return of the retained tax credit. And their application for the tax return of the retained tax credit will approve and enjoy the value-added tax return policy. Suppose the tax credit rating and tax behavior of the general value-added tax taxpayer meet the application requirements when applying for a tax return. But the subsequent tax credit rating drops, and the application conditions cannot meet.
In that case, the tax authority will not recover the tax return. In addition, due to the coexistence of multiple tax policies in our country. There can be different tax treatment plans for the same tax situation. Therefore, when taxpayers apply for value-added tax retention and tax return. They must pay attention to whether taxpayers have also enjoyed other tax preferential policies. And properly handle the application for value-added tax retention and tax return.
(3) Calculate the return of the incremental tax credit
When the value-added tax retains for a tax return, the tax amount can calculate scientifically to avoid tax risks. And ensure the implementation of the purpose of the tax reduction and fee reduction policy. The calculation of the tax return amount of the incremental retained tax credit can obtain by multiplying the three data of the incremental retained tax credit. The proportion of input, and the tax return rate that ordinary value-added tax taxpayers can enjoy. Judging from the research on relevant national tax policies, the tax return rate that ordinary taxpayers of value-added tax can enjoy is 60%. While taxpayers of advanced manufacturing can enjoy a 100% tax return rate.
Therefore, when calculating the value-added tax deduction tax return amount, we should pay attention to the analysis of the taxpayer’s industry, distinguish whether the taxpayer belongs to a general taxpayer or an advanced manufacturing taxpayer, determine the tax return rate that it can enjoy, and then scientifically calculate the amount of tax return that the taxpayer should receive based on the actual situation and related policies.
(4) Other precautions for value-added tax retention and tax return
In addition to the above common precautions for the processing of value-added tax retention and tax return. There will be various situations in the accounting processing cycle process of value-added tax retention and tax return. If you don’t pay attention to it, it will affect the accounting processing cycle results and create tax risks. Therefore, when processing the value-added tax retention tax return, it is necessary to combine relevant policy documents and pay attention to the processing requirements of the value-added tax retention tax return to process the value-added tax retention tax return application scientifically.
Accounting processing cycle of value-added tax deduction and tax return
(1) Accounting processing and analysis of the tax deduction amount retained by ordinary taxpayers at the end of the period
The main accounting processing cycle situations encountered by general taxpayers in the value-added tax deduction and tax return stand divided into five common processing situations, such as the processing of the tax deduction at the end of the period, the processing of the tax deduction for the relocation of the business location, the processing of the tax deduction for asset reorganization, the processing of the tax deduction during the liquidation period, and the processing of the tax deduction for the tax payable.
In the process of accounting for the tax deduction at the end of the value-added tax period for general taxpayers, the “Interim Regulations on Value-added Tax” indicate that the tax payable obtain after subtracting the input tax amount from the current sales tax amount of the general taxpayer. If in the calculation process of the tax payable by ordinary taxpayers, the current sales tax amount is not enough to deduct. The remaining tax amount can carry forward and deduct in the next processing process.
For example
For a general tax-paying company, the taxpayer’s outstanding value-added tax account credit balance before June 1, 2022, was 120,000 yuan, and the purchase price of the business occurred in June was 4 million yuan, of which the value-added tax was 680,000 yuan, the price of the product sold was 2 million yuan, and the current sales tax was 340,000 yuan. During the processing of value-added tax deduction and tax return, since the amount of tax deduction generated after June cannot offset the amount of tax owed before, the current sales tax amount of 340,000 yuan is the value-added tax deduction at the end of the month. There is no need to transfer it to the unpaid value-added tax for processing, and it can stand directly retained until the next month for the deduction.
(2) Accounting treatment of the tax deduction for the relocation of the business location of the general taxpayer
In the process of processing the value-added tax deduction and tax return for ordinary taxpayers, the problem of changes in the taxpayer’s business location will also encounter. It learns from the relevant announcement of the State Taxation Bureau that when the business location of ordinary taxpayers changes, after the industrial and commercial department has registered the change, if the competent tax authority changes, it is necessary to do a good job of cancellation and re-registration of the business location. At the same time, ordinary taxpayers can continue to deduct the amount of input tax that has not stood deducted before the tax stood canceled after re-registration.
For example
A company’s previous business location was in Area B of City A. Due to the company’s business development, it moved to Area C of City A for production. Before the relocation, the company had 150,000 input taxes that had not stood deducted. After the company has completed the tax cancellation and re-registration, the newly relocated tax authority in Area C confirms the amount of input tax that has not stood deducted and it is correct, the company can continue to use the 150,000 input tax that has not stood deducted for the deduction.
(3) Analysis of the accounting treatment of the tax deduction for the reorganization of assets of general taxpayers
The relevant announcement of the State Administration of Taxation stipulates that after the general taxpayer undergoes asset reorganization, transfers all assets and liabilities to the new general taxpayer, and performs tax cancellation and re-registration by the announcement, the amount of input tax that has not stood deducted before the asset reorganization can still carry forward to the new general taxpayer for the deduction.
For example
Company A and Company B are both ordinary taxpayers. When Company A restructures its assets and transfers all assets and liabilities to Company B, Company A still retains 200,000 value-added tax credits that have not stood deducted. During the tax cancellation process, Company A does not need to re-transfer this part of the tax amount, and Company B only needs to declare and deduct 200,000 TAX credits by the original process.
(4) Accounting treatment and analysis of the number of tax credits retained by general taxpayers during the liquidation period
In the process of paying taxes on the operation of an enterprise, in the case of bankruptcy and liquidation of the company due to poor management or other factors, the accounting treatment of value-added tax deduction and tax return shall consider based on the “Notice of Certain Value-added Tax Policies”. It stands clearly stated in the relevant policy notice that when the general value-added tax taxpayer liquidates and cancels the company’s assets, the tax deduction amount will not process for a tax return, and the company’s inventory cannot transfer out as the input tax amount.
Therefore, during the liquidation period of ordinary taxpayers, the processing of the value-added tax deduction can only convert into inventory costs for calculation. At the same time, when the company calculates the taxable income, the company’s value-added tax deduction can deduct. By the relevant announcements and notices of the State Taxation Bureau, the issue of value-added tax retention and tax return can stand effectively dealt with, and the accounting processing of value-added tax retention and tax return can stand done well to avoid tax problems during the processing operation.
(5) Accounting treatment of the tax deduction amount of the tax payable by ordinary taxpayers
In the process of paying taxes for general value-added tax taxpayers, there will also stand value-added tax arrears. When this situation stands encountered in the accounting processing of value-added tax withholding tax return, the accounting processing operation of the amount of tax payable by general taxpayers and the amount of tax withholding tax deduction can carry out based on the relevant notice of the State Taxation Bureau to avoid tax problems during the accounting processing process.
In the relevant documents issued by the State Taxation Bureau for the accounting and processing of tax deductions for general taxpayers, there are clear regulations on the order and scope of the deduction of value-added tax arrears by the input tax amount. When the input tax amount stands deducted from the value-added tax arrears, the tax amount stands mainly deducted by the chronological order in which the company’s tax arrears occur, that is, the tax arrears that occur first stand deducted, and the tax arrears that occur later stand deducted afterward.
The value-added tax arrears
What can deduct are mainly bad debts, tax arrears, and late fees for tax arrears, and the actual deduction amount is based on the notice issued by the competent tax authority. If during the accounting process of the tax deduction for the tax payable by ordinary taxpayers, the tax deduction at the end of the period is less than the total amount of tax payable, the tax deduction at the end of the period shall use as the actual tax deduction.
At the same time, according to the corresponding calculation method, the bad debts and tax arrears, and late fees that can deduct from the tax deduction at the end of the period stand calculated, and the accounting processing of the tax deduction for the tax payable carry out rationally, to avoid the probability of risk problems in the process of value-added tax deduction and tax return, and ensure the quality and efficiency of accounting processing.
Prevention of the risk of value-added tax retention and tax return
(1) The risk and prevention of incorrect calculation of the incremental tax deduction amount
In the process of value-added tax deduction and tax return. Incorrect calculation of the incremental tax deduction amount is a common processing risk problem. Which will have a direct impact on the application for a value-added tax deduction and the processing results. Therefore, when calculating the amount of incremental tax deduction, special attention should pay to the accuracy of the calculation results to avoid the failure of the application for incremental tax deduction due to errors in the calculation results.
The calculation of the incremental tax credit can consider the taxpayer’s application conditions. Accountants should have a clear understanding of the rolling calculation method of the incremental tax credit. Judging from the relevant documents issued by the State Administration of Taxation. General value-added tax taxpayers can enjoy a 60% tax return rate. While individual advanced manufacturing companies can enjoy a 100% tax return rate.
Therefore, when enterprises calculate the incremental tax credit, they must also conduct calculation and analysis by their industry policies to ensure the accuracy of the calculation results of the incremental tax credit and control the risk of accounting for the incremental tax credit. If an enterprise has problems in the calculation process of value-added tax deduction and tax return, it can also request advice from the competent tax authority or a professional tax processing service agency promptly to prevent and control the occurrence of accounting and processing risks of incremental tax deduction in advance.
(2) Risks and precautions that the taxpayer’s prescribed standards have not been met
In the process of value-added tax retention and tax return, there will also be a risk of value-added tax retention and tax return due to non-compliance with the taxpayer’s prescribed standards, which will affect the implementation of value-added tax retention and tax return. Therefore, when carrying out the work of value-added tax retention and tax return, the taxpayer’s credit rating, violations of laws and regulations, and the enjoyment of relevant tax incentives should be understood and analyzed to assess whether the taxpayer meets the application criteria for value-added tax retention and tax return.
At the same time, taxpayers themselves should also strengthen their attention to the improvement of the tax credit. Maintain their tax credit, and avoid the occurrence of illegal tax evasion and tax evasion during the tax payment process. Which leads to the inability to meet the value-added tax deduction and tax return standards. If the taxpayer’s situation can adapt to multiple tax policies. The final tax method should still base on the optimal solution.
And after choosing the corresponding tax policy, we must also pay attention to the compatibility of other tax policies. With the value-added tax deduction and tax return policy to avoid tax risks in the process of tax accounting. In addition, since the newly established corporate tax credit rating is M-level. It does not meet the requirements for value-added tax retention and tax return. So special attention should pay to the criteria for evaluating taxpayers.
(3) The content of the time regulations ignores risks and precautions
In the accounting processing process of value-added tax deduction and tax return. It is also easy to deal with risks due to inattention to time regulations. The relevant documents issued by the State Taxation Bureau are clearly stated. That is the general value-added tax taxpayer has already applied for a total tax deduction. And then the tax deduction amount generate. The tax deduction amount calculated in the previous application can no longer use for secondary purposes.
Therefore, in summary, there are only two processing opportunities for value-added tax retention tax returns in a year at most. General value-added tax taxpayers can apply for an incremental value-added tax return in any month. After meeting the requirements for value-added tax retention and tax return. The specific application time is based on the taxpayer’s situation.
In addition, if taxpayers file tax return exemption and tax return declaration at the same time. The tax authorities will give priority to the tax return exemption requirements they apply for. Therefore, to avoid such risks during the processing of tax return business. Taxpayers should have a general understanding of different tax return businesses. And pay attention to the application time of each tax return business.
(4) Failure to obtain the application materials in a timely and accurate manner, risk prevention
From the analysis of the calculation formula of the value-added tax deduction amount. It can be found that in addition to the prescribed application materials and certificates. The input tax amount on other deduction certificates cannot be used as the value-added tax deduction tax return application certificate.
Therefore, to avoid the risk of value-added tax retention and tax return due to incomplete collection of application materials, it is necessary to collect relevant documents during the process of value-added tax generation, collect and organize the declaration materials promptly, and ensure that the submitted application materials and certificates are true and reliable, in line with the requirements of the relevant declaration regulations of the State Administration of Taxation, and the application materials and certificates shall not be forged.
Once it is found that the applicant has used illegal means to falsify the application materials. And defrauding the incremental tax deduction amount will bear corresponding legal responsibilities. Through the improvement of the reliability and authenticity of the value-added tax retention tax return application materials. High-quality accounting processing work is carried out.
Conclusion
In summary, when the value-added tax retained tax credit is returned. Attention should be paid to clarifying the concept of the incremental retained tax credit. Reviewing whether the applicant conditions for the tax return of the retained tax credit are up to standard. And carefully calculating the return of the retained tax credit to ensure that the value-added tax retained tax return is correct.
At the same time, corresponding accounting processing should be carried out according to the different value-added tax retention. And tax return conditions of ordinary taxpayers and attention should be paid to the calculation of incremental value-added tax retention. And tax return errors in the process of value-added tax retention and tax return. Insufficient application conditions for taxpayers, time regulations are ignored, and the application materials are not accurate enough. Comprehensive and other risks prevention, scientific development of value-added tax retention, and tax return work. Promote the implementation of the national tax reduction and fee reduction policy.
