subject: VAT rebate policy on renewable resources, notification of a number of issues - renewable resources - the plastics industry [print this page] VAT rebate policy on renewable resources, notification of a number of issues - renewable resources - the plastics industry
Tax 2009 119 Provinces, autonomous regions, municipalities, separately listed cities (bureaus), state tax, the Finance Bureau of Xinjiang Production and Construction Corps, the Ministry of Finance in all provinces, autonomous regions, municipalities, separately listed cities Financial Ombudsman Office:
Based around the reflection is on the "Ministry of Finance State Administration of Taxation on VAT policy on renewable resources, notification" (Cai Shui [2008] 157) of the policy issues as follows:
One fiscal [2008] Article 157 (1) of the "through Financial Agency settlement "refers to the taxpayer Sell Renewable resources, according to Bank of China "on the issuance of Notice" (silver [1997] 393) provides the instruments, credit cards and exchange, collection incurred, commission receivables and other monetary payments and settlement fund settlement.
Taxpayer sells renewable resources accounts receivable, should the taxpayer in accordance with the seniors [1997] No. 393 document provisions be included after the liquidation of funds through financial institutions, clearing sales of renewable resources.
Taxpayer sells renewable resources in accordance with the seniors [1997] 393 document provides the advance payment made should be included in the sales after achieving settlement through financial institutions, sales of renewable resources.
Netting between taxpayer money should not be included in calculation of financial institutions through the sales of renewable resources.
Taxpayers through financial institutions balance sheet total sales of renewable resources, renewable resources, the proportion of sales is not less than 80% of the requirements, time limits should apply for taxpayer rebates (monthly, quarterly, etc.) for approval.
Second, fiscal [2008] 157 document referred to the specific scope of renewable resources, operations in accordance with the tax authorities before the end of 2008 for exemption from value-added tax policy, the specific scope of the implementation of renewable resources, but must meet the fiscal [2008] Document No. 157, Article VI, in which processing is limited to cleaning, sorting, crushing, cutting, dismantling, packing and other renewable resources, changes in density, humidity, length, thickness, hardness and other physical properties of simple processing.
Three fiscal [2008] Article 157 of document (a) provides that in accordance with the "Renewable Resource Recovery Management Regulations" (Ministry of Commerce Order No. 8 of 2007) and Article VII, Article VIII shall be filed with the relevant departments , shall record the month from 1 to enjoy tax rebate policy.
4, provided the taxpayer refund of October 1, 2009 after the acquisition of certificates issued by renewable resources, tax deduction certificates or sales invoices, invoice management in addition to meeting existing regulations, it should also indicate the purchase or sale specific types of renewable resources (from scrap metal, scrap Electronic Products, discarded electrical and mechanical equipment and parts, waste paper raw material, waste light Chemical industry Raw materials, Waste plastic , Waste glass, and other renewable resources, choosing complete Class 8), shall not enjoy tax rebates.
5, the financial institutions responsible for the trial and tax authorities should strengthen ties in a timely manner and on the taxpayer's tax rebates, etc. to communicate. The financial institutions responsible for the trial to the tax authorities should regularly inform the examination and approval of applications for tax refund the taxpayer and approved the list of the amount of tax authorities in the daily tax collection, and tax inspection, tax assessment, audit and other taxpayers in the process of discovery anomalies timely information to the responsible fiscal authority of first instance.
Inform the competent authorities for the unusual tax circumstances of taxpayers, financial institutions should be responsible for preliminary examination of the situation in a timely manner for review and final report of the financial institutions, financial institutions should be suspended at all levels of the taxpayer's tax refund process, and together with the taxation authorities to further identify the situation.
