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By: himfrman


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Present, the State Administration of Taxation, is a nationwide campaign specifically for the three major domestic
Home Appliances
VAT giant ticket stub verification operations stranded.

"Business Daily" informed that the verification of the object are: January 1, 2006 to November 2007 30, has stranded ticket stub States United States (0493, HK),
Suning
(002024, SZ), 461 large and medium-owned electrical retailer.

Yesterday, the Guangdong Provincial Administration of Turnover Tax to the IRS on the "Daily Economic News" said, "Although the progress of work because of holidays because some delay, however, have been under way related to verification."

Investigation has been launched in April

It is reported that the SAT has been issued entitled "On some large appliance retailers to carry out value-added tax special ticket stub stay informed of verification" (Guo Shui Han 2008 279 ) files.

Yesterday SAT Information Center who said: "The date the draft documents on March 5, 6 and 7."

Reporter obtained a copy of the notice shows that on April 7, the State Administration of Taxation has issued through internal channels of relevant documents, no later than April 14, documents have been issued to the state tax department at the provincial level.

A source told reporters that the notice had a short hang out on the IRS Web site, but and was then taken down, "mainly the information too sensitive."

Motivation for the conduct of special verification, State Administration of Taxation in the notice it this way, "the tax data analysis found that, Gome, Suning, Dazhong and other large electrical retailers there is a lot of value-added tax invoices phenomenon stub stranded stranded more and more shares in the amount of votes. "

Only medium-sized city in Hebei Xingtai City. According to the IRS in Xingtai City, Hebei Province internal documents show that state tax system, the city has not scheduled a total of 271 certified value-added tax deduction stub, which the United States and Suning and national companies such as overdue associated certified copies of invoices for a total of 251 deductible Zhang.

Specific companies involved and the amount of VAT invoices are: Xingtai City Santai Industrial Co., Ltd. Gome Mall 3, GOME Electrical Appliances Co., Ltd Hebei Xingtai new Direct Market Huiyuan, Beijing Dazhong Electrical Appliance Co., Ltd. Xingtai branch and Hebei Suning Appliance Co., Ltd. Xingtai Branch Franchise Total 248.

Analysis of the causes of this phenomenon, "Administration of Taxation, decided April 1, 2008, the overall conduct of these enterprises remain ticket stub special verification."

Directed at concealing the reasons for sales

VAT is a turnover tax, the relevant tax rate is 17% and 6%. Gome, Suning and so is a large commercial enterprise, unified VAT rate of 17% according to the deductible.

Tax law, companies need to pay the current VAT tax, equal to its current output tax minus input tax amount of current (minus the exceptional circumstances needed on the remaining tax on it). That is, the input tax deductible business tax certificate more of its current capital gains tax allowance to take the less.

In other words, for input tax deduction certificate, reduce corporate tax rates and good for business. So, the investigation of 461 Gome and Suning, Dazhong stores why staying "the shares are more and larger amount of" value-added tax special invoice stub, and not to do it for input tax deduction ?

This, Guiyang City, State Tax Taxation Administration Department, the responsible person in an interview said that under the "State Administration of Taxation on VAT taxpayers in general to achieve security tax control system, special VAT invoices issued by the amount of input tax deduction Issues ", enterprises should be input tax deductible, must first be received by the tax side of their billing invoices the seller within 90 days from the date of certification to the tax authorities; create enterprise over time, many reasons not to certify, For example, the products purchased by enterprises belonging to fixed assets themselves can not be input tax deduction or business reasons for people to stub loss, or enterprises in the purchase of products were returned after receipt of the invoice, and income accounts, excluding sales -book management and so on.

Article Source: http://depositarticles.com/

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