Finance and tax petty knowledge affectivity obtain finance capital income, are these tax affairs handled you clear?

2022-05-09 0 By

What is financial funds?Fiscal funds refer to the fiscal subsidies, subsidies and discount interest on loans obtained by enterprises from the government and its relevant departments, as well as other kinds of special fiscal funds, including VAT directly reduced or exempted and various taxes that are refunded on demand, refunded on demand and refunded on demand, but excluding export tax refunds obtained by enterprises in accordance with regulations.Policy basis: Notice of the Ministry of Finance of the People’s Republic of China and the State Administration of Taxation of the People’s Republic of China on Policy Issues concerning Enterprise Income Tax for Government-managed Funds concerning Administrative Institutional Charges for Financial Funds (Finance and Taxation (2008) No. 151) article 2.Is it necessary to pay value-added tax to obtain fiscal subsidy income?The fiscal subsidy income obtained by the taxpayer shall be handled according to the following two situations: Situation 1: if the fiscal subsidy income obtained by the taxpayer is directly linked with the income or quantity of the sale of goods, services, intangible assets and immovable property, the VAT shall be calculated and paid according to the provisions.Situation 2: the fiscal subsidy income obtained by taxpayers in other circumstances is not taxable income of VALUE-ADDED tax and is not subject to value-added tax.Policy basis: “Notice of the State Administration of Taxation on the cancellation of VAT Deduction Certificate certification confirmation period and other VAT Collection and management issues” (State Administration of Taxation announcement no. 45, 2019) article 7 reprinted: Beijing tax if there is infringement, please contact us to delete