Author(s)

Weilin Chen

Corresponding Author

Weilin Chen

Abstract

In view of problems in the actual operation, at the end of 2019, the State Taxation Administration issued the Announcement on Value-added Tax Collection and Management Issues, Including Canceling the Time Restriction in the Certification of Value-added Tax Credit Document. The regulation makes clear provisions on canceling the time restriction of VAT credit document, confirming the overseas income of the construction industry under special circumstances, and stipulates whether fiscal subsidy income should be included in taxable income, and how to determine the tax payment credit grade when applying for tax refund. This article studies these provisions in-depth

Keywords

Value added tax, Period of deduction, Overseas income, Tax payment credit grade