TPPERSON: According to Article 19 of Announcement No.42 of People's Republic of China (PRC) State Taxation Administration of The People's Republic of China (20 16) and Announcement of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Improving Data Management Related Declarations and Related Matters in the Same Period, it is clear that the main vouchers of data in the same period should be compiled within 12 months after the end of the accounting year of the enterprise group's ultimate holding enterprise; Local documents and special documents should be prepared before June 30, one year after the related party transactions. The information of the same period shall be provided within 30 days from the date required by the tax authorities. Compared with Circular No.2, the time limit for preparation and accrual is appropriately extended, which is more in line with the actual operation, because the relevant data of the same period need the financial statements and tax return data of the previous year, but the time limit for final settlement and payment of the annual enterprise income tax is within five months after the end of the year, that is, before May 3 1 of each year according to the enterprise income tax law. The comparison between the old and new time limits is as follows:
Time limit for preparing or providing file names
Announcement No.42 No.2
The master voucher for extended data is compiled within 12 months after the end of the accounting year of the enterprise group's ultimate holding enterprise. There is no such document.
It should be prepared before June 30 of the following year when the related transactions of local documents occur. It shall be prepared before May 3 1 of the year following the related party transaction.
Special event documents shall be prepared before June 30 of the following year when related party transactions occur. It shall be prepared before May 3 1 of the year following the related party transaction.
The provision period shall be provided within 30 days from the date required by the tax authorities. Provide it within 20 days as required by the tax authorities. According to Article 1 of Announcement of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Improving Related Party Reporting and Data Management in the Same Period (State Taxation Administration of The People's Republic of China Announcement No.2016 No.42): "XIII. An enterprise whose annual related party transaction amount meets one of the following conditions shall prepare local documents:
(1) The transfer amount of the ownership of tangible assets (calculated according to the annual import and export customs declaration price of raw materials processing) exceeds 200 million yuan.
(2) The transfer amount of financial assets exceeds 6,543.8 billion yuan.
(3) The transfer amount of intangible assets ownership exceeds 6,543.8 billion yuan.
(4) The total amount of other related party transactions exceeds 40 million yuan.