Corporate Tax Accounting

Author: Qiu Zhengshan
Publisher:
Publish Date: 2001-01-04
Features: "Higher Vocational and Specialized College Planning Textbook?Accounting Professional Series Textbook?Enterprise Tax Accounting" is published by Zhejiang University Press. [Excerpt:] 2.6 Value-Added Tax Tax Declaration Tax Administration of China revised the "Measures for the Tax Declaration of General Value-Added Tax Taxpayers" issued in 1999 in 2003, effective from July 1, 2003. All general taxpayers using the electronic information collection system for value-added tax tax declaration recognized and announced by the State Administration of Taxation shall make value-added tax tax declarations in accordance with the revised measures.
2.6.1 Measures for the Tax Declaration of General Value-Added Tax Taxpayers
1) All general taxpayers (hereinafter referred to as taxpayers) shall make tax declarations in accordance with these measures.
2) Taxpayers must implement electronic information collection when making tax declarations. Taxpayers who issue value-added tax special invoices using the anti-counterfeiting tax control system must declare taxes after successfully reporting taxes.
3) Tax Declaration Materials.
(1) Mandatory Materials.
① "Value-Added Tax Tax Declaration Form (for General Value-Added Tax Taxpayers)" and its "Supplementary Data Sheet for Value-Added Tax Tax Declaration Form";
② Taxpayers using the anti-counterfeiting tax control system must submit an IC card recording the current period's tax information (taxpayers who back up detailed data on a floppy disk must also submit the backup floppy disk), "Detailed List of Value-Added Tax Special Invoice Retention Copies," and "Detailed List of Value-Added Tax Special Invoice Deduction Copies";
③ "Balance Sheet" and "Income Statement";
④ "Detailed List of Crude Oil Purchase, Sales, and Inventory" (to be filled in by taxpayers engaged in the retail business of crude oil);
⑤ Other mandatory materials stipulated by the competent tax authority. Taxpayers who implement electronic information collection for tax declarations shall, in addition to submitting electronic data of the above mandatory materials to the competent tax authority, also submit paper copies of the "Value-Added Tax Tax Declaration Form (for General Taxpayers)" (main form and supplementary forms).
(2) Reference Materials.
① Retention copies of issued value-added tax special invoices and ordinary invoices;
② Deduction copies of value-added tax special invoices that meet the deduction conditions and are declared for deduction in this period;
③ Copies of customs import tax certificates, transportation invoices, ordinary invoices for purchasing agricultural products, and ordinary invoices for purchasing waste materials;
④ Retention copies or reference copies of acquisition certificates;
⑤ Retention copies of tax withholding and collection certificates;
⑥ Other reference materials stipulated by the competent tax authority. Whether reference materials need to be submitted in the current period is determined by the provincial-level State Administration of Taxation.
4) Management of Value-Added Tax Tax Declaration Materials.
(1) Mandatory Materials for Value-Added Tax Tax Declaration.
During the tax declaration period, taxpayers shall promptly submit all electronic data of mandatory materials to the competent tax authority and, within the period specified by the competent tax authority in accordance with tax laws (specific time determined by provincial-level State Administrations of Taxation), submit paper copies of mandatory materials required by Article 3, of these measures (specific copies determined by provincial-level State Administrations of Taxation) to the competent tax authority. After the competent tax authority signs and receives them, one copy is returned to the taxpayer, and the rest is retained.
(2) Reference Materials for Value-Added Tax Tax Declaration.
After the end of each month, taxpayers shall carefully organize and bind the reference materials into a book.
① For retention copies of manually issued value-added tax special invoices and ordinary invoices that are fully issued in one book, they shall be bound in the original order; retention copies of computer-issued value-added tax special invoices, including those issued by the anti-counterfeiting tax control system, shall be bound in books of 25 copies each according to the invoice numbering order. If there are fewer than 25 copies, they shall be bound according to the actual number of copies issued.
② For single documents that serve as tax deduction certificates, they shall be bound in books of 25 copies each according to the type of document and the chronological order of acquisition. If there are fewer than 25 copies, they shall be bound according to the actual number of copies.
③ When binding, taxpayers must use the "Tax Collection/Deduction Certificate Summary Book Cover" uniformly specified by the tax authority (hereinafter referred to as "Cover"), fill in the content of the cover in accordance with the regulations, and have the tax personnel and financial personnel review and sign. After the "Cover" is used, taxpayers no longer need to fill in the original cover content of the value-added tax special invoice.
④ For manually issued value-added tax special invoices that taxpayers do not use up in the current month, the "Cover" is not temporarily attached. If they remain unused for two months, the "Cover" shall be attached in the month when the competent tax authority cuts off the remaining part as. For ordinary invoices and acquisition certificates issued by taxpayers, the "Cover" shall be attached in the month when the entire book is used up.
⑤ The content of the "Cover" includes the taxpayer's unit name, the number of documents in this book, the amount, the tax amount, the total number of books of this type of document for the current month, and the serial number of this book of documents, as well as the tax period, etc. The specific format is formulated by provincial-level State Administrations of Taxation.
5) The "Value-Added Tax Tax Declaration Form (for General Value-Added Tax Taxpayers)" (main form and supplementary forms) is purchased and obtained by taxpayers from the competent tax authority.
6) Declaration Period. Taxpayers shall make tax declarations on a monthly basis, with the declaration period from the 1st to the 10th of the following month. If the last day falls on a legal holiday, it shall be postponed by one day. If there are more than three consecutive legal holidays within the 1st to 10th of each month, the declaration period shall be postponed by the number of days of the holidays.
7) Penalties.
① If a taxpayer fails to make tax declarations and submit tax materials in accordance with the prescribed period, it shall be punished in accordance with the relevant provisions of Article 62 of the "Tax Collection and Administration Law of the People's Republic of China."
② If a taxpayer, after being notified by the tax authority to make a declaration, refuses to declare or makes a false tax declaration, failing to pay or underpaying the tax payable, it shall be treated as tax evasion and punished in accordance with the relevant provisions of Article 63 of the "Tax Collection and Administration Law of the People's Republic of China."
③ If a taxpayer fails to make a tax declaration, failing to pay or underpaying the tax payable, it shall be punished in accordance with the relevant provisions of Article 64 of the "Tax Collection and Administration Law of the People's Republic of China."
2.6.2 Format, Filling Instructions, and Preparation Examples of the Value-Added Tax Tax Declaration Form
1. Format of the Value-Added Tax Tax Declaration Form
The format of the value-added tax tax declaration form is shown in Table 2—1.
Table 2—1 Value-Added Tax Tax Declaration Form (for General Value-Added Tax Taxpayers)
This form is formulated in accordance with Articles 22 and 23 of the "Interim Measures on Value-Added Tax of the People's Republic of China." Taxpayers, regardless of whether they have sales, shall fill out this form in accordance with the tax declaration period determined by the competent tax authority and declare it to the local tax authority within the 10 days from the 1st of the following month.
Tax Period: From May 1, 2004 to May 31, 2004
Date of Filling: June 5, 2004
Unit of Amount: Yuan to Jiao and Fen
Industry Affiliation: Manufacturing