The VAT plus credit policy is an important preferential tax policy in China's tax law, which is mainly aimed at specific industries or activities to reduce the tax burden of enterprises and encourage and support the development of related fields.
This article will systematically introduce the calculation method, scope of application and policy impact of the additional deduction, so as to provide high reference value and in-depth guiding significance.
1.Determine the scope of application: First, you need to determine whether your business or activity qualifies for the scope of the additional credit policy. This may involve definitions and standards for specific industries, products, or services.
2.Determination of the base amount: Determination of the base amount of the additional deduction. This is typically a specific income, cost, or expense item that is related to the scope of application.
3.Proportion or coefficient of addition: According to the policy, determine the proportion or coefficient of addition. This will determine the exact value of the additional credit.
4.Calculate the additional credit: Multiply the base amount by the additional scale or coefficient to obtain the specific value of the additional credit.
5.Deduction or deduction of tax payable: When calculating the tax payable, the additional deduction will be deducted from the taxable income or used to offset the tax.
The additional deduction is applicable to general VAT taxpayers, especially those who provide postal services, telecommunication services, modern services and life services. The proportion and applicable conditions of the additional deduction may vary in different industries and periods.
1.Abolish the policy of additional deductions for tobacco enterprises;
2.If the taxpayer fails to transfer out the input tax in accordance with the regulations, the additional credit corresponding to the transfer of the input tax shall be deducted when calculating the "additional credit";
3.It is clarified that the VAT taxable sales that occur during the period when the taxpayer of the "VAT reform" is a general taxpayer shall not be subject to the additional deduction policy, and the balance of the additional deduction in the input tax shall not be deducted.
Additional deduction for the current period = 10% of the deductible input tax for the current period
The deductible and deductible amount of the current period = the balance of the additional deductible amount of the previous period + the additional deductible amount of the current period - the additional deductible amount of the current period.
The additional deduction policy is an important tax preferential means, which is mainly used to encourage enterprises to carry out R&D activities, environmental protection investment, equipment upgrades, etc., so as to promote economic restructuring and innovation-driven development. Businesses need to carefully understand local tax laws, follow the correct methodology, and ensure that all supporting documents are complete and compliant. At the same time, enterprises also need to pay attention to the latest developments in tax policies to ensure that they meet the latest policy requirements.
The additional deduction policy has an important tax incentive effect for specific industries or activities, which can effectively reduce the tax burden of enterprises and promote the development of related fields. When enjoying the preferential treatment of additional deduction, enterprises should follow the provisions of the tax law, accurately calculate and declare the additional deduction, and pay attention to policy changes. At the same time, enterprises also need to reasonably plan tax costs to maximize the policy dividends. The changes and updates of the super-deduction policy require enterprises to understand and adapt in a timely manner to ensure compliance operations and effective tax management.
Analysis of the additional deduction policy