Import VAT is generally deductible; from the date of issuance of 180 days to the competent tax authorities to submit the "Customs Duty Paid Voucher Credit List" (electronic data), apply for auditing and comparison, overdue application of its input tax will not be deductible.

The audit comparison results are consistent with the customs payment certificate, the taxpayer should be in the tax authorities to provide audit comparison results of the month within the tax declaration period to declare credit, the input tax credit is not deductible.

Input tax not deductible from output tax: If a taxpayer purchases goods or taxable services without obtaining and keeping the VAT deduction vouchers in accordance with the regulations, or if the VAT deduction vouchers do not indicate the amount of VAT in accordance with the regulations and other related matters.

Expanded:

How to offset:

According to the "Notice of the State Administration of Taxation on Relevant Issues Concerning the Strengthening of the Management of Customs Imported VAT Specialized Payment Letters and Waste Material Invoices" (Guoshuikan [2004] 128), Annex 1, "Measures for the Auditing of Customs Imported VAT Specialized Payment Letters", it is stipulated that: the VAT general taxpayers who have acquired The customs duty-paid vouchers issued after February 1, 2004, should be audited.

The credit shall be declared to the competent tax authorities before the end of the first declaration period 180 days after the date of issuance, and the input tax credit shall not be deducted after the expiration date.

According to the provisions of the Circular of the State Administration of Taxation on the Issues of Offsetting Input Taxes by General VAT Taxpayers Acquiring Customs Import VAT Special Payment Books (Guo Shui Fa [2004] 148): taxpayers importing goods, where the VAT has been paid on imports, whether or not they have already paid the price of the goods, the customs duty-paid vouchers they have acquired can be used as VAT input tax offsetting vouchers.

Baidu Encyclopedia - Import Value Added Tax