The rest of the tax refund is returned to the tax bureau, and the value-added tax that was not deducted before the return can be refunded. According to State Taxation Administration of The People's Republic of China's inquiry, the scientific name of the tax refund is "VAT refund preference", and the tax refund is returned to the tax bureau, and all the VAT that was not deducted before the return is returned. Tax refund plus deduction does not need to be transferred out. If the accrued deduction has not been used, after the expiration of the deduction policy, the taxpayer will not accrue the deduction, the balance deduction will stop and the balance deduction will be offset.

Applicable object

Eligible small and micro enterprises (including individual industrial and commercial households) and enterprises (including individual industrial and commercial households) such as manufacturing, scientific research and technical services, electricity, heat, gas and water production and supply services, software and information technology services, ecological protection and environmental governance.

Policy content

(1) Eligible small and micro enterprises may apply to the competent tax authorities for refunding the incremental tax allowance from April 2022, when they declare the tax period.

(2) Eligible micro-enterprises can apply to the competent tax authorities for a one-time refund of the remaining tax credits during the tax declaration period in April 2022; Eligible small enterprises can apply to the competent tax authorities for a one-time refund of the stock tax allowance from the tax declaration period in May 2022.

(3) Since April 2022, qualified enterprises in manufacturing and other industries may apply to the competent tax authorities for refunding the incremental tax allowance.

(4) Eligible medium-sized enterprises in manufacturing and other industries may apply to the competent tax authorities for a one-time refund of the stock tax allowance from the tax reporting period in May 2022; Eligible large enterprises in manufacturing and other industries may apply to the competent tax authorities for a one-time refund of the remaining tax credits from the tax declaration period in June 2022.

Legal basis:

"People's Republic of China (PRC) tax collection and management law" twenty-fifth.

Taxpayers must truthfully file tax returns in accordance with the time limit and content specified by laws and administrative regulations or determined by tax authorities in accordance with the provisions of laws and administrative regulations, and submit tax returns, financial and accounting statements and other tax payment materials required by tax authorities according to actual needs. Withholding agents must truthfully submit the tax withholding and collection report form and other relevant materials required by the tax authorities according to the actual needs in accordance with the time limit and contents of the declaration stipulated by laws and administrative regulations or determined by the tax authorities.