Remind:
- The final settlement of enterprise income tax will end on May 31!
- The simple declaration of individual income tax settlement and payment of residents' individual comprehensive income will end on May 31!
Attention all businesses!
This work must be completed by May 31!
The declaration period for enterprise income tax final settlement is from January 1 to May 31 of each year.
1. The annual financial statement must be completed first
Before declaring the final settlement of enterprise income tax, you need to complete the declaration of the annual financial statements, otherwise you will not be able to enter the final settlement and payment report to fill in; when you enter the "final settlement" without completing the annual financial statement declaration, the system will prompt: the order of the financial statements is not verified, please successfully declare the financial statements first, and then declare the main tax!
First, declare the annual report of the financial statements, enter the financial statement filling interface, and the system generates different types of financial statements according to the filing information and tax registration information of the enterprise's financial system.
Note: In the income statement, the "current amount or the cumulative amount of the current year" is filled in the cumulative amount of the current year, and the "amount of the previous year or the amount of the previous period" is filled in the cumulative amount of the same period last year.
Tips: You must complete the declaration of the annual financial statements before you can fill in the final settlement statement.
2. Filling in the declaration of enterprise income tax final settlement:
According to the relevant requirements of Announcement No. 42 of 2016 of the State Administration of Taxation (hereinafter referred to as the "Announcement"), resident enterprises that implement audit and collection and non-resident enterprises that have established institutions and places in China and truthfully declare and pay enterprise income tax shall make related party declarations if they have business dealings with their related parties during the year, and the deadline will be May 31, and they will be punished if they fail to complete it.
To make it more visual, take a look at this diagram:
Related party declarations are important
Don't forget
1. When to declare?
For example, the related party declaration for 2023 should be completed before May 31, 2024, and administrative penalties will be imposed if the declaration is not made on time.
Second, be sure to pay attention to these 4 points!
1. According to the requirements of the Announcement, eligible enterprises shall make related party declarations when submitting the annual enterprise income tax return. Note: Please apply for the annual declaration of enterprise income tax first, and then make the related declaration.
2. According to the requirements of the Announcement, as long as there is business dealings with related parties within the year of final settlement, whether with domestic related parties or with overseas related parties, related party declaration is required.
3. Since the 6 schedules of the CbC report are included in the related party reporting form, even if your company did not have related party transactions in 2019, but meets the requirements for filing the CbC report, you need to make a related party report.
4. If an enterprise has not had business dealings with its related parties during the year and does not meet the requirements for submitting the CbC report, it may not make a related party declaration.
After the completion of the final settlement of enterprise tax,
Don't forget the "six taxes and two fees" discount!
If an enterprise is determined to be a small and low-profit enterprise after completing the final settlement, it can enjoy the preferential treatment of "six taxes and two fees" from July 1 of the year of the year of final settlement to June 30 of the following year.
In other words, whether taxpayers can enjoy the preferential treatment of "six taxes and two fees" depends on the final settlement of enterprise income tax in the current year.
· "Six Taxes and Two Fees" Policy ·
Small-scale VAT taxpayers, small low-profit enterprises and individual industrial and commercial households can apply for the "six taxes and two fees" reduction and exemption policy.
If the sole proprietorship enterprise or partnership enterprise is a small-scale VAT taxpayer, it can also apply for the "six taxes and two fees" reduction and exemption.
The term "small and low-profit enterprises" in this policy refers to enterprises engaged in industries that are not restricted or prohibited by the state and meet the following three conditions at the same time:
- The annual taxable income shall not exceed 3 million yuan
- The number of employees shall not exceed 300
- The total assets do not exceed 50 million yuan
According to the relevant provisions of enterprise income tax, taxpayers can only finally determine whether they are small and low-profit enterprises after completing the annual final settlement.
From January 1, 2023 to December 31, 2027, small-scale VAT taxpayers, small low-profit enterprises and individual industrial and commercial households will be subject to half of the resource tax (excluding water resource tax), urban maintenance and construction tax, real estate tax, urban land use tax, stamp duty (excluding stamp duty on securities transactions), cultivated land occupation tax, education surcharge and local education surcharge.
Case Analysis
Scenario 1:
Company A (general VAT taxpayer) 2022 annual enterprise income tax final settlement is a small low-profit enterprise, and the 2023 annual enterprise income tax final settlement has ended in May 2024, and the company is not a small low-profit enterprise in 2023.
Then, according to the regulations, Company A can enjoy the reduction and exemption of "six taxes and two fees" from January 1, 2024 to June 30, 2024, but cannot enjoy the discount from July 1, 2024 to June 30, 2024.
Scenario 2:
Company A (general VAT taxpayer) 2022 annual enterprise income tax final settlement is not a small low-profit enterprise, and the 2023 annual enterprise income tax final settlement has ended in May 2024, according to the declaration, the company is a small low-profit enterprise in 2023.
According to the regulations, Company A cannot enjoy the reduction and exemption of "six taxes and two fees" from January 1 to June 30, 2024, but can enjoy the discount from July 1, 2024 to June 30, 2024.
Source: Tax Lecture Hall, Meisong Tax Lecture Comprehensive Sorting