First, the basic process of issuing invoice tax credit
When purchasing goods or receiving services, enterprises need to ask suppliers or service providers for special VAT invoices. These invoices record the content, amount and tax amount of the transaction in detail, which is an important basis for enterprises to deduct taxes.
After obtaining the invoice, the enterprise shall properly keep it in accordance with the provisions of the tax law and declare it to the tax authorities when paying taxes. When examining the tax returns of enterprises, the tax authorities will check the authenticity and legality of invoices, and after confirmation, allow enterprises to deduct the tax payable with the tax amount on the invoices.
Second, the role and significance of the invoice tax credit
Invoice tax credit policy is of great significance for promoting enterprise development, optimizing tax structure and improving the efficiency of tax collection and management. First of all, it reduces the tax burden of enterprises, improves the efficiency of capital utilization, and helps enterprises to expand reproduction and improve their competitiveness. Secondly, the billing tax credit policy is helpful to standardize the market order, crack down on tax evasion and safeguard tax fairness. Finally, it will promote the modernization and information construction of tax collection and management, and improve the efficiency and accuracy of tax collection and management.
Three. Matters needing attention in issuing invoices for tax deduction
Enterprises should pay attention to the following points when enjoying the tax credit policy for invoicing: First, ensure that the invoices obtained are true, legal and effective, and avoid using false invoices or expired invoices. Secondly, it is necessary to declare tax deduction in strict accordance with the provisions of the tax law, and it is not allowed to change the contents of invoices or falsely report tax deduction. Finally, it is necessary to strengthen internal management, establish and improve the invoice management system, and ensure the safety and integrity of invoices.
To sum up:
Tax deduction for invoicing is a preferential tax policy, which reduces the tax payable by enterprises by legally obtaining and retaining invoices. Enterprises need to understand the basic process, function, significance and matters needing attention of invoice tax deduction, so as to make better use of this policy, reduce tax burden and improve economic benefits.
Legal basis:
People's Republic of China (PRC) value-added tax law
Article 2 1 stipulates that:
Value-added tax paid or borne by taxpayers on goods, labor services, services, intangible assets and real estate is input tax. The following input taxes are allowed to be deducted from the output tax:
(1) VAT indicated on the special VAT invoice obtained from the seller;
(2) The value-added tax indicated in the special payment letter for customs import value-added tax obtained from the customs;
(3) For purchasing agricultural products, except for obtaining special VAT invoices or customs import VAT payment letters, the input tax shall be calculated according to the purchase price of agricultural products and the deduction rate 1 1% indicated in the purchase invoices or sales invoices of agricultural products, unless otherwise stipulated by the State Council.
People's Republic of China (PRC) tax collection management law
Article 34 provides that:
When collecting taxes, tax authorities must issue tax payment vouchers to taxpayers. When a withholding agent withholds or collects taxes, if a taxpayer requests the withholding agent to issue a certificate of withholding or collecting taxes, the withholding agent shall issue it.