When a company makes a tax return, there may be cases where there is no declaration. However, some companies may have some misconceptions about zero declaration, and this article will list and explain six common misconceptions.
Myth 1: Enjoy the preferential tax policies of the state, do not need to pay taxes and make zero declarations, such as small and micro enterprises enjoy tax exemption and zero declaration.
Do: Fill in the sales amount in the declaration form and also include the tax-exempt sales amount.
Myth 2: There is tax-exempt income that does not pay taxes and makes zero declarations, such as tax exemption for vegetable wholesale companies.
Do: Fill in the sales amount in the declaration form and also include the tax-exempt sales amount.
Myth 3: No income occurred during the period, but zero declaration was made for input tax.
Do: Fill in the sales amount in the declaration form and also include the tax-exempt sales amount.
Myth 4: The enterprise has suffered long-term losses, has no corporate income tax payable, and has made zero declarations.
Correct approach: It should be filled in truthfully, and the loss can be carried forward to make up for it in the next 5 years.
Myth 5: Zero declaration has been made when the tax has been paid in the current month, such as providing construction services and paying the tax when issuing a special invoice.
Correct approach: Fill in the sales revenue in the specified column in the declaration form, and the online declaration system will automatically generate the tax that the enterprise has paid for offset.
Myth 6: Obtain uninvoiced income, and at the same time make zero declaration without deductible input tax.
Correct approach: The current income should be filled in the uninvoiced income, and the tax should be paid according to the regulations.
To sum up, enterprises should avoid the above six misunderstandings in the tax declaration process. When making a zero declaration, enterprises should understand the relevant regulations and standardize the operation to ensure that the financial data is true, accurate and complete. If you have any questions or need professional advice, you are advised to consult a tax professional or accountant in a timely manner.