Financials May 20, 2022 02:33 AM (GMT+8) · EqualOcean
According to the news on the website of the Ministry of Finance on May 19, the Ministry of Finance and the State Administration of Taxation recently issued the announcement on Further Strengthening the implementation of the tax rebate policy of value-added tax at the end of the period. It is found that since the implementation of VAT rebate on April 1, 12 listed companies have announced that they have received VAT rebate, totaling about 1.014 billion yuan. The funds received by two companies exceeded 200 million yuan. Since the beginning of this year, China has implemented a new combined tax support policy. It is estimated that the annual tax rebate and tax reduction is about 2.5 trillion yuan, of which the value-added tax rebate is about 1.5 trillion yuan. According to the latest data from the State Administration of Taxation, from April 1 to May 16, a total of 979.6 billion yuan of tax withheld and refunded was returned to the enterprise account.