Shanghai Taxation provides refined services throughout the entire process to assist enterprises in speeding up tax processing. During the peak period of income tax settlement and payment, enterprises can enjoy tax refunds in Shanghai

May 31st is the deadline for the final settlement and payment of corporate income tax, and the end of May is the peak period, with a huge demand for corporate tax.

With the continuous introduction of measures by the Shanghai tax department to optimize declaration services and standardize risk warnings, paperless and online processing has become a daily action for enterprises to pay taxes and fees. More intelligent operations such as pre notification, exemption and enjoyment, and intelligent tax refunds are gradually being unlocked. The tax department has not only helped enterprises quickly realize tax dividends, but also improved their management efficiency and level, and provided high-quality tax services to help build a business environment in Shanghai.

Prior: Accurate reminder

In the past two years, there have been significant tax incentives and adjustments for high-tech enterprises. In order to more effectively implement policies and help enterprises reduce the tax risks of false reporting and misreporting, the Shanghai tax department actively delivers tax preferential policies to their doorstep through a "full process follow-up" cross front service.

Shanghai Dajue Packaging Products Co., Ltd. is an enterprise engaged in the production of new materials. With its research and development in biodegradable bio based materials, it has successively obtained certifications as a high-tech enterprise and a specialized, refined, and new small and medium-sized enterprise in Shanghai. In the management system of the tax department, enterprises such as Shanghai Dajue Packaging will be labeled as "high-tech".

Before the final settlement and payment of corporate income tax, the tax department uses tax big data as backend support to screen out "whitelisted" enterprises that meet the recognition standards of high-tech enterprises. Through tax microgrids and dedicated lines, timely declaration reminders and policy guidance are provided to the listed enterprises, further improving the quality of enterprise declaration and reducing the financial workload.

In order to achieve accurate data analysis, the Shanghai tax department has increased the scope of data sharing with departments such as technology, economy and information technology. During the preparation stage of corporate income tax settlement and payment, it has linked the internal and external data chains to find target enterprises that meet policy enjoyment conditions.

"At the reminder of the tax department, we have learned about policies such as high-tech enterprise income tax preferential treatment, R&D expense deduction, and one-time R&D equipment deduction through various channels such as the Enterprise Income Tax Settlement and Payment One Book Pass and the Tax Cloud Classroom. We have clarified the doubts and difficulties in the application process and simplified the process of enterprise income tax declaration." Wu Yalin, the financial manager of Shanghai Dajue Packaging Products Co., Ltd., said that in 2022, Shanghai Dajue Packaging enjoyed high-tech enterprise income tax preferential treatment and R&D expense deduction preferential treatment of over 7 million yuan. A series of tax benefits have left more financial space for the company to continue to increase R&D investment and innovate the development of new ecological environment materials.

In process: Enjoy without application

At present, the vast majority of corporate income tax benefits have been realized without application or enjoyment. Taking the preferential income tax policies for small and micro profit enterprises as an example, as the "capillaries" of the national economy, small and micro enterprises have been a key support object for tax reduction and fee reduction in recent years. In March of this year, the country continued and optimized the preferential policies for small and micro enterprise income tax. The annual taxable income of small and micro profit enterprises does not exceed 3 million yuan, and the actual tax burden is 5%.

The implementation of preferential policies and the simplification of tax procedures are crucial. At present, small and micro profit enterprises that meet the conditions in Shanghai can conveniently enjoy preferential policies by filling out tax declaration forms through "One Stop Service" or the Shanghai Electronic Taxation Bureau, without the need to go through other procedures.

This "exemption and enjoyment" feature for small and micro enterprise income tax benefits has four features: automatic recognition, automatic calculation, automatic table formation, and automatic verification. Zhu Wenqiang, the legal representative of Shanghai Pusheng Planning and Architectural Design Co., Ltd., told reporters that now enterprises only need to accurately fill in basic information such as the number of employees, total assets, and industries restricted or prohibited by the state in the enterprise income tax declaration form. The system can automatically determine whether they meet the conditions for small and micro enterprises based on the filled data, and then intelligently pre fill in preferential projects and automatically calculate tax reductions for enterprises, saving time, effort, and worry.

Zhu Wenqiang said that in the first quarter of this year, his company enjoyed a tax reduction of nearly 180000 yuan from the preferential policy for small and micro enterprise income tax. With the comprehensive recovery of the industry, it is expected that the company will also realize more dividends.

The latest data shows that in the first quarter of this year, nearly 176000 enterprises in Shanghai have quickly and conveniently enjoyed the small and micro profit enterprise income tax preferential policies through the "no application, no enjoyment" function, with a cumulative tax reduction of over 6 billion yuan. As the business continues, the number and amount of tax reduction declared in subsequent quarters will be further increased.

Afterwards: Intelligent tax refund

In the past, financial personnel of enterprises had to handle the process of enterprise income tax settlement and payment declaration and tax refund at least twice, and it took at least ten days to complete the entire process of tax entry.

Now, the process of applying for tax refunds by enterprises is not only fully online, but also greatly accelerated by the optimization of intelligent tax refunds. For most enterprises, the speed of tax refund review has been greatly improved.

"Compared to the original method of corporate income tax settlement and refund, it is now too convenient. We just submitted the remittance declaration form to the electronic tax bureau, and the system immediately popped up a refund processing prompt. Click to initiate the refund process, and the refund of over 80000 yuan was received in less than 2 days." said Wang Wenping, Financial Director of Shanghai Wenyi Electric Appliance Co., Ltd.

Not only does it facilitate enterprises, but intelligent tax refunds also help tax departments improve their work efficiency. A staff member from the Enterprise Income Tax Department of the Shanghai Taxation Bureau told reporters that in the past, the middle and later stages of tax settlement and payment declaration were the busiest time for tax refund work, often in a state of overtime without time for approval. With the assistance of intelligent tax refund, tax personnel can free up more energy to focus on enterprise verification and big data analysis, and use intelligent supervision to assist the intelligent tax refund process.

According to the person in charge of the Enterprise Income Tax Department of the Shanghai Municipal Taxation Bureau of the State Administration of Taxation, as of now, more than 54000 enterprises in the city have enjoyed intelligent tax refund services, accounting for over 80% of the total number of refunded enterprises. With the further popularization of intelligent tax refunds such as "intelligent review, automatic invoicing, and timely receipt", it is expected that more enterprises will realize the tax benefits in the future, promoting sustainable development of enterprises through a virtuous cycle.