In order to further help the development of advanced manufacturing industry, the Ministry of Finance and the State Administration of Taxation issued the Announcement on the VAT Plus Deduction Policy for Advanced Manufacturing Enterprises (Announcement No. 43 [2023] of the Ministry of Finance and the State Administration of Taxation) to allow advanced manufacturing enterprises to enjoy the VAT plus deduction policy.
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Which companies belong to advanced manufacturing enterprises?
How should I enjoy the preferential policy of additional deduction?
What do I need to look out for?
Follow the steps of the editor today
Let's learn together!
1. When did the additional deduction policy start and what is the additional percentage?
From January 1, 2023 to December 31, 2027, advanced manufacturing enterprises are allowed to deduct the VAT payable by adding 5% of the deductible input tax for the current period.
2. Which enterprises are advanced manufacturing enterprises?
Advanced manufacturing enterprises refer to the general taxpayers of the manufacturing industry in high-tech enterprises (including their unincorporated branches).
High-tech enterprises refer to high-tech enterprises recognized in accordance with the notice of the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation on revising and issuing the Administrative Measures for the Identification of High-tech Enterprises (Guo Ke Fa Huo [2016] No. 32).
The specific list of advanced manufacturing enterprises shall be determined by the industry and information technology departments of all provinces, autonomous regions, municipalities directly under the Central Government, and cities with separate planning status, in conjunction with the science and technology, finance, and taxation departments at the same level.
3. How to calculate the additional deduction?
Additional deduction for the current period = deductible input tax for the current period * 5%
Fourth, the declaration is filled
For example, enterprise A is a general taxpayer of advanced manufacturing industry that meets the conditions of the advanced manufacturing industry plus credit policy, and the input tax for the period to which it belongs in February 2024 is 20,000 yuan, the input tax transfer amount is 10,000 yuan (the additional deduction has been accrued), the output tax is 15,000 yuan, and the closing balance of the previous period is 500 yuan. How should enterprise A fill in the VAT return to enjoy the additional deduction policy?
(1) If the closing balance of 500 yuan is added and deducted from the previous period, 500 yuan should be filled in the opening balance
(2) Amount incurred in the current period: input tax amount * 5% = 20,000 * 5% = 1,000 yuan
(3) Reduction amount for the current period: input tax transfer amount * 5% = 10,000 * 5% = 500 yuan
(4) Deductible amount for the current period: opening balance + amount incurred in the current period - adjusted amount for the current period = 500 + 1000-500 = 1000 yuan
(5) Actual deduction for the current period: tax payable = 15,000 - (20,000-10,000) = 5,000, because 5,000 > 1,000, so the actual deduction for the current period = 1,000 yuan
(6) Fill in the above data in the corresponding columns of "Supplementary Information (4) of the VAT and Additional Tax Return Form (IV)" and the corresponding columns of the VAT and Additional Tax Return Form (applicable to general taxpayers), as shown in the figure below.
Supplementary Information (4):
Main Table:
5. Precautions
1. The additional deduction that can be accrued but not accrued by advanced manufacturing enterprises can be accrued together in the current period when the applicable additional deduction policy is determined.
2. The additional deduction policy is not applicable to the export of goods and services and cross-border taxable behaviors of advanced manufacturing enterprises, and the corresponding input tax shall not be calculated and credited.
3. Advanced manufacturing enterprises should separately calculate the changes in the accrual, deduction, adjustment and reduction of additional deductions. Where the policy of additional deductions is fraudulently applied or the amount of deductions is falsely increased, it shall be dealt with in accordance with the "Law of the People's Republic of China on the Administration of Tax Collection" and other relevant provisions.
4. If an advanced manufacturing enterprise meets multiple VAT additional deduction policies at the same time, it can choose to apply it on a merit-based basis, but it shall not be applied superimposedly in the same period.
6. Hot questions and answers
01. Do I need to submit a statement to the tax department to enjoy the VAT plus credit policy for advanced manufacturing enterprises?
Answer: The VAT plus deduction policy for advanced manufacturing enterprises adopts list management, and the list is formulated by the industry and information technology department. Taxpayers in the advanced manufacturing industry included in the list management can enjoy the additional deduction policy according to the regulations, and do not need to submit relevant declarations.
02. Can the special VAT invoices obtained by enterprises applying the advanced manufacturing super-deduction policy before January 1, 2023 be deducted after January 1, 2023?
Answer: Taxpayers who declare the input tax deduction between January 1, 2023 and December 31, 2027 can calculate and deduct the additional deduction according to the regulations, so even if the special VAT invoice obtained before January 1, 2023, as long as the deduction is declared between January 1, 2023 and December 31, 2027, the additional deduction can be calculated.
Note: Abnormal tax deduction vouchers obtained and deducted before December 31, 2022 are not allowed to be deducted and deducted for input tax that have been transferred out of the input tax and are released after January 1, 2023.
03. How should the input tax corresponding to the accrued and deductible amount be transferred out?
Answer: If the input tax amount that has been accrued and deducted is transferred out of the input tax according to the regulations, the additional deduction amount shall be reduced accordingly in the current period when the input tax amount is transferred out, and the adjustment and reduction amount shall be filled in the corresponding column in the VAT return.
04. For enterprises that withdraw from the list of additional deduction policies because they no longer meet the policy conditions, how should the additional deduction amount that has been accrued but not yet deducted when the policy conditions are met in the previous period be handled?
Answer: When the taxpayer no longer meets the policy conditions, the additional deduction of the balance can continue to be deducted.