Two departments: early refund of tax credits for large enterprises

On May 18, I learned from the Ministry of Finance that in order to further accelerate the release of the dividends of the large-scale value-added tax refund policy, the Ministry of Finance and the State Administration of Taxation issued an announcement stating that the existing tax credits of large enterprises will be refunded in advance
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According to the announcement issued by the two departments this time, the time when qualified large-scale enterprises in the manufacturing industry and other industries can apply to the competent tax authority for a one-time refund of the existing tax credit will be advanced from the tax filing period in October 2022 to Tax filing period from June 2022
.
The announcement stated that before June 30, 2022, on the basis of voluntary application by taxpayers, the remaining tax credits of large enterprises will be refunded in a centralized manner
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The announcement clarifies that the finance and taxation departments at all levels must resolutely implement the decisions and arrangements of the CPC Central Committee and the State Council, continue to speed up the progress of tax refunds, further speed up the processing of tax refunds for small and micro enterprises and individual industrial and commercial households, increase assistance, and ensure that taxpayers are voluntary.
On the basis of the application, actively implement the tax refund policy that the existing tax refund will be refunded before June 30, 2022
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At the same time, the risk of tax rebates shall be strictly guarded against, and tax fraud shall be severely cracked down
.