Red May is May for labor, and it is also May for the financial and taxation community!

In May, there are many important deadlines in the financial and taxation circles. In addition to the junior accounting professional title examination which will be held from May 13th to 16th, I am afraid that the final settlement will be due at the end of May.

Maybe most experienced accountants are familiar with settlement and settlement, but some novice accountants may not. I’m afraid what Finance and Taxation Guy has talked to you the most about recently is about final settlement and settlement. Friends who haven’t done final settlement and settlement yet, hurry up~ Below, Finance and Taxation Guy will summarize some common issues about final settlement and settlement for you. If necessary, Friends, hurry up and collect it!

What is the scope of final settlement and settlement?

Any enterprise income tax collection and management scope of the State Taxation Bureau and local taxation bureau shall be levied according to the audit Resident enterprise income tax taxpayers (hereinafter referred to as "taxpayers") who have assessed taxable income rates and are subject to tax reduction and exemption periods, regardless of profits or losses, must handle the final settlement of enterprise income tax.

Ps: Taxpayers who collect corporate income tax at a fixed amount will not make final settlements.

Are there any regulations on the time for final settlement?

Yes, taxpayers must do so within five months from the end of the year, that is, May 31 of each year. Before issuing the certificate, you need to submit the annual corporate income tax declaration and final settlement to the competent authorities.

What information do I need to bring with me for final settlement?

In 2016, the final settlement and settlement of resident enterprise income tax will be trialled on the retention and filing method of final settlement data, that is, the relevant final settlement and settlement method. The information shall be kept by the taxpayers themselves and shall be submitted only when required by the tax authorities.

Taxpayers who use the online declaration method should keep the following relevant information by themselves in accordance with the provisions of the Tax Collection and Administration Law and its implementation rules on the preservation of tax-related information:

Annual corporate income tax return table and its appendices.

Financial statements.

If business dealings with related parties are involved, the "Annual Related Business Dealings Report Form of the People's Republic of China and State-owned Enterprises" shall be submitted at the same time.

Relevant information on filing matters.

Basic information on the head office and branches, taxation methods of branches, prepayment of taxes by branches, etc.

What should I do if the enterprise’s final settlement is overdue?

If the enterprise fails to make the final settlement within the prescribed time limit, late declaration may incur fines and late fees.

Generally speaking, during the remittance period, if a taxpayer discovers an error in the annual corporate income tax return, he or she can correct the return and no late payment fees will be charged for backpayment of taxes. If the taxpayer fails to file a declaration after the remittance payment period has passed, or if an error is found in the annual corporate income tax return, a supplementary declaration can be made. If it involves back payment of tax, an additional tax of RMB 10,000 will be charged on a daily basis starting from the day after the end of the remittance payment period. Five-fifths of the late payment fee.

Relevant legal provisions include: According to Article 32 of the "Tax Collection and Administration Law", if a taxpayer fails to pay taxes within the prescribed time limit, the tax authorities, in addition to ordering payment within a time limit, will not be responsible for the overdue tax payment. From that date, a late payment fee of 0.05% of the overdue tax will be charged on a daily basis. According to Article 62 of the "Tax Collection and Administration Law", if a taxpayer fails to file tax returns and submit tax materials within the prescribed time limit, the tax authority shall order it to make corrections within a time limit and may impose a fine of not more than 2,000 yuan; if the circumstances are serious, , a fine of not less than 2,000 yuan but not more than 10,000 yuan may be imposed. So friends, please hurry up and declare!

Have said so much

The Finance and Taxation Master has only one sentence

Don’t declare late~ Hurry up Final settlement!

(Deadlines on May 31st)

How much does it cost to do bookkeeping? Rest assured when you come to Mande Enterprise Services, the company's agency is safe and efficient, the tax consultant is professional, and Mande Enterprise Services is a one-stop service expert.