Q:
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What is the Blank Notes?
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A:
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A Blank Notes is a financial unofficial document, which generally involves personal behavior (such as welfare expenses, travel subsidies, etc.), sporadic un-invoiced behavior of enterprises (such as temporary labor fees, small maintenance fees, etc.), un-invoiced behavior within the company (such as some expenses consumed in the company cafeteria, etc.), etc.
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Q:
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Are the Blank Notes allowed recognized in the accounts?
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A:
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There are two kinds of Blank Notes that should be allowed to be recorded in the accounts, one is the white slip that cannot be invoiced due to "objective inability", and the other is the Blank Notes that does not endanger tax collection and management. However, for the untrue and false one, absolutely not allowed to be recorded in the accounts.
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Q:
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Should the Blank Notes be accounted for?
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A:
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According to Articles 13 and 15 of the Measures for the Administration of EIT Pre-tax Deduction Vouchers (State Administration of Taxation Announcement No. 28 of 2018), the subsequent remedies for enterprises not obtaining invoices under different circumstances are stipulated respectively. These remedial measures all have a prerequisite that they must be recorded in the accounts first. In other words, only if the invoices are recorded in the accounts at that time, there will be opportunities for remedies later.
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Q:
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How do I remedy the deduction for the Blank Notes that is credited?
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A:
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According to the regulations, if the actual costs and expenses incurred by an enterprise in the current year are not supported by valid documents in time due to various reasons, the enterprise may temporarily account for the amount incurred in the books when prepaying quarterly income tax; however, the enterprise should provide additional valid documents for the costs and expenses when settling the accounts.
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Q:
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What is the process of Blank Notes remedies?
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A:
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1.
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Deductions are allowed for invoicing before settlement of accounts
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2.
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Do I make up invoices after the remittance? If not obtained, no deduction is allowed
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3.
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Whether to make up invoices after remittance? If the invoices have been obtained, it is necessary to distinguish whether the pre-tax deduction has occurred in the year:
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If the deduction has been made, the deduction shall be made retroactively within 5 years
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If no deduction has been made, the invoice should be made up within 60 days from the date of being informed, and if it is available, pre-tax deduction will be allowed.
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FAQ
