VAT invoices offset period was previously 360 days from the date of invoicing certification offset, since March 1, 2020, VAT general taxpayers to obtain January 1, 2017 and later issued VAT invoices, customs imports of VAT special payment book, motor vehicle sales of uniform invoices, toll road tolls VAT electronic ordinary invoices, the abolition of the authentication and confirmation, auditing and matching
Legal analysis: the VAT input credit period is 360 days.
July 1, 2017 onwards, the VAT invoice credit period is extended to 360 days, and can be certified for credit within 360 days) Certified invoices can be certified online or at the tax office.
Invoices certified in the same month must be credited in the same month. Otherwise, no deduction.
The tax law provides for the following tax deductible invoices: VAT invoices, customs clearance vouchers, purchase invoices or sales invoices for tax-exempted agricultural products, and uniform invoices for the transportation industry (or VAT invoices for the transportation industry in some of the areas where the "change of tax" has been implemented).
The expenses paid by a VAT payer for the purchase of special equipment for the VAT control system and the technical maintenance fees (hereinafter referred to as the two expenses) can be fully deducted from the VAT payable amount. Therefore, obtaining the special VAT invoice for the purchase of the VAT control system and the local tax invoice for the maintenance fee of the tax-control software can also be deducted.
(2) VAT input invoice authentication period Extended Reading
Credit avenues
1. The VAT amount stated on the VAT special invoice obtained from the seller;
2. The VAT amount stated on the duty-paid voucher obtained from the Customs;
3. The purchase of agricultural products, in addition to obtaining the VAT special invoice or the Customs Import VAT Input tax calculated in accordance with the purchase price of agricultural products stated on the purchase invoice or sales invoice of agricultural products and a deduction rate of 13%, except for the special VAT invoice or special payment book for customs import VAT. Input tax calculation formula: input tax = purchase price × deduction rate.
4, the purchase or sale of goods and in the process of production and operation of transportation costs, according to the amount of transportation costs and 7% of the deduction rate of the amount of transportation costs specified in the bill of settlement of transportation costs calculated input tax. The formula for calculating input tax: input tax = amount of transportation cost × deduction rate.
Legal basis: The Individual Income Tax Law of the People's Republic of China
Article 2: The following personal income shall be subject to individual income tax:
(1) Wages and salaries;
(2) Income from remuneration for services;
(3) Income from manuscripts;
(4) Income from royalties;
(v) income from business;
(vi) income from interest, dividends and bonuses;
(vii) income from property leasing;
(viii) income from transfer of property;
(ix) incidental income.
Resident individuals obtaining income from the first to the fourth items of the preceding paragraph (hereinafter referred to as comprehensive income) shall calculate individual income tax on a consolidated basis according to the taxable year, while non-resident individuals obtaining income from the first to the fourth items of the preceding paragraph shall calculate individual income tax on a monthly basis or on a sub-item basis. Taxpayers obtaining income from the fifth to ninth items of the preceding paragraph shall calculate individual income tax separately in accordance with the provisions of this Law.
Article 8 In any of the following cases, the tax authorities shall have the right to make tax adjustments in accordance with reasonable methods:
(1) business transactions between an individual and his or her related parties do not conform to the principle of independent transactions and reduce the tax payable by the individual or his or her related parties without justifiable reasons;
(2) business transactions under the control of a resident individual or controlled by both a resident individual and a resident enterprise **** together An enterprise established in a country (region) with a significantly lower effective tax burden, without reasonable business needs, does not distribute or reduces the distribution of profits that should be attributed to the resident individual;
(iii) An individual implements other arrangements that do not have a reasonable business purpose and obtains undue tax benefits.
The tax authorities make tax adjustments in accordance with the provisions of the preceding paragraph, and if there is a need to pay back the tax, the tax shall be paid back and interest shall be charged in accordance with the law.