1. Can VAT input tax be deducted in case of inventory shortage?
This requires specific analysis of specific issues. If the purchased goods and their corresponding taxable services are caused by abnormal losses, the corresponding input tax amount consumed in products and finished products cannot be deducted from the output tax amount. In other words, if it is caused by abnormal losses, the corresponding output tax should be transferred out.
2. How to declare and fill in the VAT input tax transfer?
At this time, it is necessary to fill in the input tax amount to be transferred out in the column "abnormal loss" of 16 by using Schedule II of the VAT tax return (applicable to general taxpayers).
3. Can the transferred input tax be deducted when calculating the taxable income?
If the inventory is damaged, scrapped or stolen, the input tax that cannot be deducted from the VAT output tax is whether the transferred input tax can be deducted when calculating the taxable income.
4. Can the inventory loss be declared as pre-tax deduction of enterprise income tax?
Whether the inventory loss can be declared for pre-tax deduction of enterprise income tax mainly depends on whether the inventory loss meets the requirements. If it meets the requirements, it is necessary to fill in the annual tax return of enterprise income tax "List of pre-tax deduction and tax adjustment of asset losses".
After filling out this declaration form, you don't need to submit any information about asset loss.
5. What information should be saved in case of stock shortage?
The basis for determining the tax basis of inventory, the determination of relevant responsibilities within the enterprise, the compensation explanation of the responsible person and the internal approval documents, the inventory inventory table, and the explanation of inventory loss by the inventory keeper are all materials that need to be kept. But not limited to these materials. Specific provisions of the local taxation bureau shall prevail.