The tax retained in the previous period will continue to be deducted in this period. When reporting the current VAT and additional tax returns, the tax amount left over in the previous period is reflected in column 13 of the main table of VAT and additional tax returns (applicable to general taxpayers). 17 column "Total deductible input tax" = input tax (from Annex II "Total deductible input tax in this period")+tax allowance in the previous period (tax allowance in the previous period = tax allowance at the end of column 20 in the main table of the previous period)-tax refund amount of input tax transferred out (from Annex II 13 column "Output amount of input tax in this period") (reflecting that the tax refund department of the tax authorities is based on export)

I. Conditions for tax credit and refund at the end of VAT period:

1. VAT deduction and refund for eligible major integrated circuit projects.

2. Refund the value-added tax corresponding to the consumption tax in the price of naphtha and fuel oil purchased for the production of ethylene and aromatic chemicals.

3. Implement VAT credit for qualified large passenger aircraft and new regional aircraft.

Second, taxpayers should know:

1. Taxpayers are responsible for the authenticity and legality of the submitted materials.

2. The document form can be downloaded from the "Download Center" section of the website of Shanghai Taxation Bureau or collected at the Tax Service Hall.

3. The taxpayer's use of an electronic signature that meets the requirements stipulated in the Electronic Signature Law has the same legal effect as the handwritten signature or seal.

4. If the information provided by the taxpayer is a copy, it shall be marked as "consistent with the original" and signed.

Legal Basis: Announcement on Adjusting the Scope of Tax Exemption for General VAT Taxpayers Article 2 Before this announcement, general VAT taxpayers with balances in column 20 of the main table of the declaration form will transfer the balances to column 13 of the first tax declaration period, namely, tax exemption for the previous period and general items.