Recently, the Ministry of Finance and State Taxation Administration of The People's Republic of China jointly issued the Announcement on Further Strengthening the Implementation of the VAT Refund Policy on Demand (AnnouncementNo. Ministry of Finance, State Taxation Administration of The People's Republic of China 2022 14) to further strengthen the implementation of the VAT refund policy at the end of the period. Compared with the previous incremental tax refund, what changes have been made in the tax refund processing process? According to the Announcement of the Ministry of Finance and State Taxation Administration of The People's Republic of China on Further Strengthening the Implementation of the Policy of VAT Refund on Demand, the specific process of tax refund, including tax refund application, acceptance, review and tax refund, is still implemented according to the existing regulations.

In addition, the general rule about the time of tax refund application is that taxpayers apply for tax refund after completing the current VAT tax return within the tax return period. Considering that this year's tax refund is strong and involves many taxpayers, in order to do a good job in tax refund service and ensure that small and micro enterprises and other market entities get tax refund as soon as possible, the State Administration of Taxation will extend the application time for tax refund from April to June 2022 from the filing period to the last working day of each month.

It should be noted that taxpayers still need to apply for tax refund after completing the current VAT tax return.