Tax Policy

Understanding VAT Refunds for Embedded Software: Lower Thresholds, More Companies Benefit

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Understanding VAT Refunds for Embedded Software: Lower Thresholds, More Companies Benefit

In today’s rapidly advancing technological era, the software industry, as a strategic emerging industry of the country, is of paramount importance. To promote the vigorous development of the software industry, the government has introduced a series of preferential policies, among which the VAT refund policy for embedded software has attracted significant attention. According to the … Read more

Practical Guide to VAT Refunds for Embedded Software: How to Benefit from Policy Incentives?

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Practical Guide to VAT Refunds for Embedded Software: How to Benefit from Policy Incentives?

Practical Guide to VAT Refunds for Embedded Software: How to Benefit from Policy Incentives? The VAT refund policy for embedded software is an important tax incentive that encourages the development of the software industry. Eligible enterprises can enjoy a refund of the portion of the actual tax burden that exceeds 3%. This article provides a … Read more

Can Income from the Past Two Years Be Retrospectively Claimed for Embedded Software VAT Refunds?

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Can Income from the Past Two Years Be Retrospectively Claimed for Embedded Software VAT Refunds?

For many companies developing embedded software products, the immediate VAT refund is an important tax benefit. However, a common question arises: if a company met the criteria in the past two years but did not apply for a refund, can they still recover this portion of “real money” now? The answer is: Yes! But the … Read more

Compilation of Latest Corporate Income Tax Policies

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Compilation of Latest Corporate Income Tax Policies

Compilation of Corporate Income Tax Policies – Deduction Section Table of Contents 3. Non-Deductible Items Before Tax 4. Deduction Voucher Requirements 5. Loss Compensation 6. Foreign Tax Credits Main Text 3 Non-Deductible Items Before Tax When calculating taxable income, the following expenses are not deductible: 1. Dividends, bonuses, and other equity investment income payments to … Read more