As the year draws to a close, many businesses are facing unresolved tax issues. In view of these four common New Year's Eve tax issues, Xi'an Junyi financial experts will provide you with practical solutions. Let's take a look at how to properly handle these tricky issues and ensure your business's tax compliance.
1. How to deduct the actual costs and expenses incurred by the enterprise in the current year if it does not obtain valid vouchers in time?
Answer: When an enterprise prepays quarterly income tax, it can temporarily calculate according to the amount incurred in the book. If a valid voucher is obtained at the time of annual final settlement, the valid voucher for costs and expenses shall be supplemented to carry out the final settlement normallyIf no valid voucher is obtained at the time of annual final settlement, it shall be treated as tax adjustment, and when the invoice is obtained, it shall be retroactively calculated and deducted until the year in which the cost or expense is incurred, but the period of retroactive recognition shall not exceed five years.
2 If it is found that there are expenses that should be deducted and not deducted in previous years after the final settlement period, can it still be deducted before tax?
Answer: For the expenses actually incurred in the previous year and should be deducted before tax in accordance with the tax regulations but have not been deducted or underdeducted, after the enterprise has made a special declaration and explanation, it will be allowed to retroactively calculate and deduct the deduction until the year in which the project occurs, but the retroactive confirmation period shall not exceed 5 years.
3. Can a special VAT invoice issued in the previous year be issued in the current year if the sales are returned?
Answer: You can apply for the issuance of red invoices normally. It will not affect the results of the declaration, and it is sufficient to declare it truthfully.
4 When will the wages accrued in the current year be deducted before tax if they are paid in the following year?
A: The following year. The withholding and remittance of annual wages and salaries actually paid by the enterprise to employees before the end of the annual final settlement is allowed to be deducted before tax in the year of final settlement.
The above are the four common ways to deal with tax issues on New Year's Eve, I hope to help you!Pay attention to Xi'an Junyi Finance, and take you to learn more about the common financial and tax knowledge of enterprises!