Beijing, May 18 (Xinhua) The reporter learned from the Ministry of Finance on the 18th that, in order to further accelerate the release of large-scale VAT tax rebate policy dividends, the Ministry of Finance and State Taxation Administration of The People's Republic of China issued a notice saying that the stock tax rebate of large enterprises would be refunded in advance.

According to the announcement issued by the two departments this time, qualified large enterprises in manufacturing and other industries can apply to the competent tax authorities for a one-time refund of the tax allowance for stock, from October 2022 to June 2022. According to the announcement, before June 30, 2022, on the basis of taxpayers' voluntary application, the tax allowance for the stock of large enterprises will be refunded centrally.

The announcement made it clear that financial and taxation departments at all levels should resolutely implement the decision-making arrangements of the CPC Central Committee and the State Council, continue to speed up the progress of tax refund and retention, further step up the tax refund and retention for small and micro enterprises and individual industrial and commercial households, and increase assistance. On the basis of taxpayers' voluntary application, we will actively implement the tax refund policy of centralized refund of stock tax refund before June 30, 2022. At the same time, strictly guard against tax refund risks and crack down on tax fraud.