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Tennis string cycle export tax fraud tens of millions! Analysis of Circular Export Risks and Key Points of Foreign Trade Compliance
Recently, Xinhuanet reported that the Economic Investigation Corps of the Shanghai Municipal Public Security Bureau, together with the Baoshan Public Security Bureau, and the Inspection Bureau of the Shanghai Municipal Taxation Bureau, jointly detected a case of using low-priced "tennis strings" and "badminton strings" as props and goods to circulate exports to defraud tax refunds, involving tens of millions of tax refunds. As a typical illegal act of defrauding export tax rebates, circular export has strong concealment and harmfulness. In view of this, this article takes this case as a starting point to analyze the types of businesses that use circular exports to defraud taxes, and provides defense space and compliance suggestions for the majority of foreign trade enterprises to study and reference.Nov. 19, 2023, 8:24 p.m.
2949Views
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How can foreign trade enterprises achieve tax rebate compliance in seven cases of non-export tax rebate?
The export tax refund (exemption) tax policy is a tax policy commonly adopted in international trade, which can reduce the tax burden of export enterprises and also promote the development of foreign trade. China has introduced various tax refund (exemption) policies and export facilitation measures in various provinces and cities by improving the speed of the export tax refund business and strengthening the cooperation of multiple departments, which have helped the export enterprises to get out of the predicament and realize sustainable development. However, some enterprises do not know enough about the export tax rebate (exemption) entity and the procedure and other elements, which leads to the failure of export tax rebate, or some enterprises make use of the policy to cheat the tax, resulting in serious loss of national tax. Therefore, this paper analyzes the situation of non-export tax refund from the practical point of view, and puts forward corresponding compliance suggestions for readers' reference.Nov. 19, 2023, 8:08 p.m.
2430Views
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Frequent major cases in the coal industry, involving multiple taxes and tax risks
The coal industry over the years as the country's important energy industry and economic pillar industry, is to promote the national economic construction of the cornerstone, the state has repeatedly used tax policy means of regulation of the coal industry, such as 2022 to strengthen the energy supply security and the implementation of the zero tariff policy on coal imports. At the same time, the coal industry is also the hardest hit by the outbreak of tax-related problems, and has always been the focus of tax audits, the state has repeatedly emphasized the strengthening of the coal and other key areas of tax-related violations of the crackdown, previously carried out by the coal industry to check the twenty-year action makes the coal enterprises on tax-related compliance to bring up "twelve points" of vigilance. In recent years, not only has the crackdown on the issue of fraudulent invoicing in the coal industry persisted, but the issue of tax evasion in multiple tax categories in the industry has also received the attention of the tax authorities one after another.Nov. 19, 2023, 1:19 p.m.
2714Views
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Pharmaceutical anti-corruption storm is coming, fictitious "marketing expenses" cash bribes become a high risk of taxation
Under the anti-corruption work, a number of hospital directors and pharmaceutical companies have recently been investigated on suspicion of serious disciplinary violations, a large number of academic conferences have been suspended or postponed, the market value of listed pharmaceutical companies fell, ipo was suspended or rejected, and even a famous pharmaceutical company delisted from the market. In the context of anti-corruption, a large number of pharmaceutical enterprises sales costs in the "gray area" was uncovered, tax compliance is faced with the question, anti-corruption process can be expected to involve tax administrative and criminal responsibility. In this paper, we will observe the new trend of regulation of pharmaceutical enterprises under the trend of anti-corruption, analyze the tax risk points of pharmaceutical enterprises, and provide suggestions for pharmaceutical enterprises to cope with tax inspections in the following period for the benefit of readers.Nov. 19, 2023, 1:12 p.m.
2777Views
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Anti-Corruption Escalation Affects Many Pharmaceutical Listed Companies, Tax Compliance Becomes a Key Link to Cope with Multiple Legal Risks
"two votes system" is fully implemented, the field of traditional medicine over the ticket model collapsed, and then produced a CSO, CSP and other new industry organizations to join the pharmaceutical purchasing and marketing links. In fact, the pharmaceutical industry with gold sales, the phenomenon of commercial bribery does not change, drug companies, false openings, tax evasion is difficult to effectively curb the tax side of the pharmaceutical industry, to a certain extent, the strict supervision of the field of corruption in the field of tax issues continue to promote the hidden, mutation, escalation. As listed companies have the obligation to disclose their financial and operational status, the abnormal cost and expense of listed pharmaceutical companies are more easily monitored, and the problem of false billing and tax evasion is a risk that is of common concern to the exchanges and the tax authorities. At present, the pharmaceutical field of corruption has been focused on remediation, listed companies must pay more attention to the real business, tax compliance, to avoid tax-related risks further implicated in the IPO halted or delisted from the market.Nov. 19, 2023, 1:04 p.m.
2821Views
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A number of enterprises were canceled high-tech qualification, facing serious tax-related risks
In order to encourage mass entrepreneurship and innovation, and promote economic upgrading and development, enterprises in line with the provisions of the Administrative Measures for the Recognition of High-tech Enterprises are able to enjoy the enterprise income tax rate of 15% type of concessions, and at the same time, enjoy the extension of the number of years of loss carry-forward and other tax incentives. In recent years, a number of high-tech enterprise certification bodies to strengthen the supervision and management of high-tech enterprise qualification, has issued a number of cancellation of high-tech enterprise qualification announcements, enterprises face the risk of paying back taxes and late fees or even tax evasion. In this paper, from the identification requirements of high-tech enterprises, we list the common cases of high-tech qualification being canceled in practice, in order to suggest the risk for readers' reference.Nov. 19, 2023, 12:53 p.m.
7255Views
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Can the enterprise real estate development costs and expenses be deducted in the land value-added tax clearance without obtaining invoices?
In tax enforcement and judicial practice, the deduction of land value-added tax costs and expenses focuses on the two key points of "deduction vouchers" and "actual occurrence". Compared with the authenticity, legality and relevance requirements of "substance over form" for pre-tax deduction of enterprise income tax, the caliber of deduction of land value-added tax costs and expenses is narrow. In this paper, we will compare the requirements, scope and consequences of deduction of land value-added tax costs and expenses with those of deduction before enterprise income tax from the perspective of deduction vouchers, and reveal the risk of land value-added tax settlement and its solution if no deduction vouchers have been obtained or the deduction vouchers are not in compliance with the current system conditions.Nov. 19, 2023, 12:30 p.m.
2264Views
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A number of heads of listed pharmaceutical companies have been placed on probation, and sales expense tax violations have become an obstacle to pharmaceutical companies' ipo
Since the pharmaceutical industry anti-corruption work, a number of pharmaceutical listed company real controller because of suspected corruption by the supervisory commission detention, the securities and exchange commission on a number of pharmaceutical enterprises false statement problem to carry out investigation. Under the shock, the A-share pharmaceutical-related sectors led the fall or even stopped, a number of pharmaceutical companies to be listed due to high sales costs and the lack of reasonableness, ipo pressed the pause button or termination button. The stock exchange, the beijing stock exchange also have issued "issuance and listing audit dynamics" requires intermediaries to focus on the verification of sales costs. In view of this, this paper will take the current medical industry anti-corruption work on the capital market from the perspective of the impact, summarize the pharmaceutical enterprises listed on the ipo audit of marketing expenses and tax compliance points and put forward countermeasures to help pharmaceutical enterprises healthy business development.Nov. 19, 2023, 12:21 p.m.
2443Views
