How do you pay the vat
Vat is subject to a " filing schedule, self-accounting, self-payment " model, and is currently handled by the online electronic tax office as a central channel, following in general the standard procedure for the accounting of tax amounts and the filing of tax returns, which require advance payment for special operations and consolidated declarations。
I. Determination of the filing and payment deadlines
According to the law of the people's republic of china on vat, the vat calculation period is divided into 10 days, 15 days, 1 month, 1 quarter, which is approved by the competent tax authorities on the basis of the size of the taxpayer; the subject of which taxable transactions do not occur frequently may choose to be taxed on a secondary basis。
General taxpayer for the regular filing cycle: most are approved as monthly declarations and last month's declarations and contributions are completed within 15 days of the end of the month. Small-scale taxpayers: by default, declare quarterly and complete the current quarterly declaration and contributions within 15 days of the end of the quarter; they may also apply to the tax authorities for a monthly declaration. If the date of the declaration falls on an official holiday, the period shall be extended to the first working day following the holiday; the period of statutory leave shall last for more than three consecutive days and shall be extended by the number of days. Standard declaration of contributions process 1. Prior period preparation 2. Submission of tax returns
The vat is now combined with city maintenance taxes, education surcharges, local education surcharges, and a simultaneous completion of the main tax and surcharge declarations。
3. Completion of tax payments
After a successful declaration, you may choose to pay the tax into the national treasury by:
The tripartite agreement is a real-time deduction: if a tax, silver or corporate agreement has been signed, it is directly "deducted" and the tax is automatically transferred from the public account to the maximum time limit. Bank-to-bank inquiries: once bank certificates are generated, they can be obtained at the opening office or paid through the internet bank. Mobile-end sweeper payments: support for micro-intelligence, payment of treasures, cloud flash sweep contributions, applicable to small taxes or individual traders, natural persons. Iii. Special scenario payment rule 1. Advance vat (prepayment, consolidated declaration)
If the taxpayer is required to pay an advance tax to the tax authorities of the place where the business took place / the place of the project, then the official declaration is completed at the place of the institution, the amount of the advance tax may be set off against the current tax payable:
Value-added tax on imported goods
Value-added tax (vat) on imported goods is collected by the customs, the taxpayer makes a declaration to the customs at the time the goods are declared as imported, and the payment of the value-added tax (vat) on the basis of a special contribution for customs imports is used as a credit。
3. Value-added tax on withholding
The purchase of services and intangible assets from entities outside the country, which have no business in the country, is carried out by the purchaser with the payment of value added tax (vat) and is declared released during the filing period in which the withholding obligation arises。
4. Declaration of contributions by natural persons
Sale of real estate by natural persons, provision of construction services, transfer of the right to use natural resources, declaration of tax to the competent tax authorities of the place where the real property is located, the place where the service takes place and the place where the natural resources are located。
4. Critical care is free of taxable income for the current period, the taxable amount is 0, and a zero declaration must be processed in a timely manner, and the delay in filing entails administrative penalties and affects tax credit ratings. In the case of overdue tax payments, there is a five-thousand-tenth of the daily demurrage payment from the date of demurrage. The amount of the current advance tax is greater than the amount of the tax credit resulting from the tax write-off, and may be carried forward to continue the credit in the next period and eligible to apply for the value added tax to be set off against the tax refund. Overpayment of taxes may be applied for and offset against tax liabilities for subsequent periods。
