1. Positive answer
The implementation progress of the VAT refund policy at the end of the period, the Ministry of Finance and the State Administration of Taxation, the Ministry of Finance and the State Administration of Taxation announced No. 17 of 2022, respectively in 2022 The tax refund policy will focus on refunding the existing retained tax credits of micro-enterprises and small enterprises before April 30 and June 30.
2. Detailed Analysis
The Ministry of Finance and the State Administration of Taxation issued the Ministry of Finance and the State Administration of Taxation Announcement No. 14 of 2022 in March 2022, which covers small and micro enterprises and manufacturing industries. Incremental retained credits can be refunded on a monthly basis, the tax refund ratio can be cancelled, and existing retained credits can be refunded at the same time, which is very powerful. Qualified medium-sized enterprises in manufacturing and other industries can apply to the competent tax authorities for a one-time refund of the existing retained tax credits starting from the tax declaration period in May 2022. Before June 30, 2022, the existing retained tax credits of medium-sized enterprises will be refunded in a centralized manner.
3. How long does it take for the input tax refund to arrive
Generally speaking, the fastest three working days for the tax refund to arrive, and the slowest 30 working days for the tax refund to arrive. After applying for a tax refund, you must confirm whether the individual tax final settlement information is correct according to the progress of processing by each regional tax bureau. If you have not received your tax refund after more than 30 working days or the system still does not prompt that your tax refund has failed, it is recommended to contact the tax bureau immediately.