Small-scale taxpayers need to declare differential taxation. According to the information on the website of People's Republic of China (PRC) State Taxation Administration of The People's Republic of China, the taxpayer who pays the differential tax should submit the information when filing the VAT tax return: if the taxpayer sells labor services, real estate and intangible assets, and deducts the price and extra-price expenses according to the relevant regulations when determining the sales of labor services, real estate and intangible assets, it should also submit valid vouchers and lists that meet the laws, administrative regulations and regulations of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China. Please consult the local tax bureau for specific matters and submit materials according to local requirements.
How to declare the difference tax?
Taxpayers shall provide the following information when going through the formalities for filing the VAT differential tax:
1. Approval Form for Taxpayer's Application for Tax Reduction or Exemption (in duplicate);
2. Obtain legal and valid vouchers (copy shall be kept after checking the original):
(1) Payment to domestic units or individuals shall be made with invoices;
(2) Payment to an overseas unit or individual shall be based on the receipt of the unit or individual. If the tax authorities are in doubt about the receipt, they may ask them to provide the confirmation certificate from the overseas notary office;
(3) Pay taxes with the tax payment certificate;
(4) The principal of the tangible movable property price charged to the lessee in the financing after-sale leaseback service is based on the invoice issued by the lessee;
(5) After deducting government funds or administrative fees, the financial bills printed by the financial departments at or above the provincial level are legal and valid vouchers;
(6) Other documents stipulated by State Taxation Administration of The People's Republic of China.
(seven) other information required by the tax authorities.
Time limit for taxpayers: Taxpayers apply to the competent tax authorities for filing, which shall be implemented from the date of registration and filing.
Service commitment deadline (working days): 7 working days.