From July, these industries can also apply for a full refund of the value-added tax credit.

A few days ago, the Ministry of Finance and the State Administration of Taxation issued the "Announcement on Expanding the Industry Scope of the Full Refund of the Value-Added Tax Credits Policy", which clearly expanded the industry scope of the full refund of the value-added tax credits policy.
The policy scope of refunding incremental VAT credits and one-time refund of existing VAT credits has been expanded to include “wholesale and retail trade”, “agriculture, forestry, animal husbandry and fishery”, “accommodation and catering industry”, “resident services, Repairs and other services," education," "health and social work," and "culture, sports and entertainment" (hereinafter referred to as wholesale and retail industries) enterprises (including individual industrial and commercial households)
.

According to the announcement, eligible enterprises in the wholesale and retail industry and other industries can apply to the competent tax authorities for refund of incremental tax credits and a one-time refund of existing tax credits from the tax filing period in July 2022
.

QWhat are the tax refund conditions for taxpayers in industries such as wholesale and retail to apply for a tax refund?

A (1) The tax credit rating is A or B;

(2) In the 36 months prior to the application for tax refund, there is no circumstance of defrauding the remaining tax refund, defrauding export tax refund or falsely issuing special VAT invoices;

(3) It has not been punished twice or more by the tax authority for tax evasion in the 36 months prior to the application for tax refund;

(4) Those who do not enjoy the policy of immediate withdrawal and withdrawal after withdrawal from April 1, 2019
.

Q How do taxpayers determine their industry ownership when applying the small and micro enterprise tax rebate policy?

A taxpayer's industry ownership, according to the "National Economic Industry Classification" on the principle of determining industry ownership by major economic activities, the VAT sales of the business corresponding to the "National Economic Industry Classification" in the previous fiscal year accounted for the highest proportion of all VAT sales industry is determined
.

QWhat tax refund application materials do taxpayers in industries such as manufacturing, wholesale and retail need to submit?

A.
There is no change in the tax refund application materials submitted by taxpayers in the manufacturing, wholesale and retail industries and other industries when applying for a tax refund, and only need to submit a Tax Refund (Credit) Application Form
.
It should be noted that the "Tax Refund (Credit) Application Form" can be submitted online through the Electronic Taxation Bureau or offline through the Tax Service Office
.
Combined with the policy and regulations on tax refund for retained tax, some adjustments have been made to the contents of the original "Application Form for Tax Refund (Credit)".
When applying for tax refund for retained tax, taxpayers can combine their applicable specific policies and actual production.
Fill in the business information
.