Expansion of the Industry that Full Refund VAT Reatined Tax

Since this year, the state has introduced a series of preferential fiscal and taxation policies to help enterprises and solve difficulties. Among them, the refund of value-added tax credits is one of the "blindly good medicines"! "Announcement of the Ministry of Finance and the State Administration of Taxation on Further Strengthening the Implementation of the VAT Refund Policy at the End of the Period" (Announcement No. 14 [2022] of the Ministry of Finance and the State Administration of Taxation), "The Ministry of Finance and the State Administration of Taxation on Further Accelerating the Implementation of the VAT Refund Policy at the End of the Period" Announcement on the Progress" (Announcement No. 17 [2022] of the Ministry of Finance and State Administration of Taxation) and "Announcement of the Ministry of Finance and the State Administration of Taxation on Further and Continuously Accelerating the Implementation of the VAT Refund Policy" (Announcement No. 19 [2022] of the Ministry of Finance and the State Administration of Taxation) , the introduction of four policies including the "Announcement of the Ministry of Finance and the State Administration of Taxation on Expanding the Industry Scope of the Policy of Fully Refunding the Value-Added Tax Credits" (Announcement No. 21 [2022] of the Ministry of Finance and the State Administration of Taxation), which will fully refund advanced manufacturing industries on a monthly basis The scope of incremental value-added tax credits is expanded to eligible small and micro enterprises, manufacturing, wholesale and retail industries, and other enterprises, and the existing tax credits will be refunded at one time
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