2024-01-12
Transportation Expense Reimbursement and Deduction of Input Tax, These Precautions Must Be Understood!
Transportation expenses are an essential cost in the production and operation of enterprises. What issues should be paid attention to when reimbursing and deducting input tax? Can common types of transportation bills serve as input tax deduction vouchers? How to determine the deductible input tax amount... Hargent provides you with a detailed analysis and summarizes six high-frequency issues for enterprises to refer to when actually reimbursing.
2024-01-12
Tax Analysis and Corresponding Suggestions on the New Policy of Ordinary Residence
On December 14, 2023, Beijing and Shanghai simultaneously introduced optimization policies for the real estate industry, adjusting the standard for ordinary residence, lowering down payments and interest rates, aiming to meet residents' housing needs and promote the healthy development of the market. This article takes Beijing as an example to explore the impact of the adjustment of ordinary residence standards on the land appreciation tax of real estate enterprises, and provides corresponding suggestions.
2023-12-12
Discussion on the Tax Treatment of Upfront Land Costs Under the Urban Renewal Model
Urban renewal has become an important way for real estate companies to obtain land resources. Under various modes of urban renewal, the tax treatment of upfront land costs is a focus issue. In order to ensure that upfront land costs can be deducted before tax, what kind of bills real estate companies should obtain is a key issue. This article will explore the tax treatment of upfront land costs under the urban renewal model.
2024-01-25
An Analysis of the Impact of the Four Major Changes in the New “Company Law” on Corporate Tax Management
The newly revised “Company Law of the People's Republic of China” has been voted on and passed recently. The new Company Law has made significant changes to China's corporate capital system, corporate mechanism and organizational structure, as well as the rights and responsibilities of shareholders, directors, supervisors, senior managers and creditors. The resulting tax implications deserve corporate attention. Hargent will analyze the impact of the four major changes in the “Company Law” on corporate tax management from a tax professional perspective.
2024-01-25
As the Country Regulates the Implementation of the New PPP Mechanism, What Are the Key Points in Tax Management?
The General Office of the State Council recently forwarded the "Guiding Opinions of the National Development and Reform Commission and the Ministry of Finance on Standardizing the Implementation of the New Mechanism for Public-Private-Partnership" (Letter No. 115 [2023] of the General Office of the State Council), which clarifies that PPP focuses on user-pay projects and completely adopts the franchise model. Under the overall requirements of the new mechanism, which tax issues need to be focused on? This article brings you the latest insights.
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Two PillarsListed Construction Enterprises“One Profit and Five Ratios” Operating Analysis 1: Fluctuating Growth in Total Profit
In 2023, State-owned Assets Supervision and Administration Commission of the State Council optimized the central enterprise operation indicator system to "one profit and five ratios", which includes total profit, asset liability ratio, operating cash ratio, return on net assets, R&D investment intensity, and overall labor productivity. Hargent Research Institute and China Construction Enterprise Management Association compiled and published the "Research Report on Finance and Taxation of Listed Companies in the Chinese Construction Industry", which analyzes the trend and characteristics of the "one profit and five ratios" of listed construction enterprises in the past four years from the perspectives of overall situation, key detailed industries, and leading enterprises (top 20 enterprises in terms of operating income). This article is an analysis of total profit.
2023-11-07 Hargent
Understanding the New Changes in the Second Review Draft of the Value Added Tax Law of the People's Republic of China
Recently, the "Value Added Tax Law of the People's Republic of China (Second Review Draft)" was submitted to the Standing Committee of the 14th National People's Congress for review, and once again solicited public opinions. Hargent compared it item by item with the "First Review Draft" and sorted out the main six important changes, which can be read in one article.
2023-10-16 Kang Xing Li Juan
Case Analysis: Tax Treatment Analysis of Investors in the "Fake Equity and Real Debt" Business
"Fake equity and real debt" is a hybrid investment business that combines the characteristics of equity and debt. It is easy to cause disputes in tax practice. By citing actual cases and analyzing the corporate income tax and value-added tax policies related to "fake equity and real debt", Hargent helps enterprises clarify relevant points and difficulties and provides tax handling suggestions.
2023-09-06 Wang Ding
There are New Changes! Combing the Preferential Tax Policies for Small and Micro Enterprises in 2023
The Ministry of Finance and the State Taxation Administration recently issued a series of preferential tax policies to support the sustained and sound development of small and micro enterprises. What are the changes in the preferential tax policies for small and micro enterprises in 2023? Hargent has conducted a new review of the identification standards for small and micro enterprises, preferential policies for value-added tax, preferential policies for enterprise income tax, and the reduction and exemption of six taxes and two fees.
2023-09-06 Xue Yongfei Cui Hua
Comparison of Policies for Exempting VAT on Loan Interest Income for Small and Micro Enterprises in Financial Institutions
The Ministry of Finance and the State Taxation Administration have recently implemented new policies to further assist small and micro enterprises and individual businesses in obtaining financing. To understand the differences between this policy extension and the previous one, Hargent has carefully analyzed the changes and organized them for easy comprehension.
2023-09-01 Zhang Yingxing Wang Ding
Find the Currently Effective Electronic Invoices in Your Life
Tax management has shifted towards managing taxes based on numbers and electronic invoices. Comprehensive digital invoices will be implemented in pilot areas by the end of 2021. Hargent ensures accurate identification and proper handling of electronic invoices.
2023-09-01 Wang Hui Zhou Shuting Zhang Shuangli
Analysing the Potential Tax Risks Associated with Managing Group Funds Centrally.
Large companies often use a fund management system to manage funds within the group. This approach can improve fund use and turnover but may also come with tax risks. These risks include value-added tax, corporate income tax, and stamp tax. We recommend solutions for tax compliance.
2023-08-21 Wen Haiping Zhang Xinyan
Standardizing the "Remarks Column" is important When Issuing and Receiving Digital Invoices for Five Specific Types of Businesses.
It's worth noting that digital invoices hold the same legal weight as their paper counterparts. 24 provinces and cities across our country have embraced digital invoicing. However, there are some nuances to consider when it comes to filling out the remarks column in digital invoices versus paper ones. To ensure accuracy, it's crucial to familiarize yourself with the guidelines and expectations for this section. Fortunately, Hargent has compiled all the necessary information on correctly filling out remarks for specific business invoices.
2023-08-21 Tian Bingxue
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