Financial and tax pain points and solutions for the express delivery industry

Financial and tax compliance pain points and solution introduction: Golden Tax Phase IV tax risk solution

————Express delivery industry

The risk of tax inspection in the fourth phase of Golden Tax has multiplied exponentially

Falsely issuing value-added tax special invoices and being prosecuted by the tax department

Falsely issuing special invoices without actual business, the tax bureau has initiated a public prosecution and fined the enterprise and responsible persons

Due to abnormal input retention and tax refund, the express online store has been subject to tax inspection

Abnormal financial indicators are subject to tax inspection

Personal account receipt concealed income inspection and tax compensation

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Falsely issuing value-added tax special invoices has been prosecuted by the tax department

Recently, the Ningxia Taxation Bureau announced a case of false issuance of special invoices. A state-owned logistics company in Ningxia illegally obtained value-added tax special invoices issued by 35 enterprises, totaling 417 million yuan in value and tax, by using false bank acceptance bills to fraudulently transfer funds. At present, the case has entered the court trial stage.

Falsely issuing special invoices without actual business, the tax bureau has initiated a public prosecution and fined the enterprise and responsible persons

The People's Procuratorate of Pudong New Area, Shanghai, accuses that from January 2019 to May 2019, the defendant Li, while actually responsible for operating the defendant company Shanghai QZ Logistics Co., Ltd., evaded national taxes by paying invoice fees through others to issue a total of 8 value-added tax special invoices from Tonghua (Xiamen) Petroleum Products Co., Ltd. without actual business, with a total price and tax of RMB 6814230 and a total tax amount of RMB 933027.76. The above invoices have all been recorded and offset, resulting in a loss of national tax revenue.

According to Article 205, Article 30, Article 31, Article 67 (1), Article 72 (1) and (3), Article 73 (2) and (3), Article 52, and Article 53 of the Criminal Law of the People's Republic of China, the judgment is as follows:

1、 The defendant unit, Shanghai QZ Logistics Co., Ltd., committed the crime of issuing false value-added tax special invoices and was fined RMB 30000.

2、 The defendant Li was convicted of the crime of falsely issuing value-added tax special invoices and sentenced to one year and six months in prison, with a probation period of one year and six months.

Personal account receipt concealed income inspection and tax compensation

The Inspection Bureau of Linyi Taxation Bureau of the State Administration of Taxation once conducted tax verification on a company called L Express Company. The company is suspected of collecting express delivery fees through personal accounts, concealing sales revenue from extracorporeal circulation, underreporting income, and underpaying taxes. After investigation and evidence collection, L Express Company has underreported sales revenue by 184 million yuan from January 2017 to December 2020. In response to the illegal behavior of the enterprise, after collective review by the Linyi Municipal Taxation Bureau's Major Tax Case Trial Committee, L Express Company's behavior was classified as tax evasion in accordance with the law, and a decision was made to recover 11.2531 million yuan in taxes and fees, impose late fees, and impose a fine of 5.3499 million yuan.

The country fully deploys the fourth phase of the Golden Tax system

Intelligent tax business process management;

Realize comprehensive and unified core tax management;

Start building risk control and credit systems;

Establishment of the Golden Tax Phase IV Smart Taxation System;

Tax collection and management big data management measures are like adding wings to a tiger!

The fourth phase of Golden Tax, consisting of four beams and eight columns, has been completed and put into use

Fully digitized electronic invoices will be promoted in 2023

The closed-loop management of using data to govern taxes has basically taken shape

The closed-loop management of tax governance through data (big data) has been implemented

Tax collection and management direction: Four stream collection, dual action system, using data to govern taxes

Digital and intelligent control reveals tax issues in enterprises

Local tax authorities use big data for tax risk identification

Digital control reveals tax issues in enterprises

Fully digitized electronic invoices will be promoted in 2023

Comprehensive business coverage

All fields, all links, and all elements are fully incorporated into the management scope

Digitalization of storage/application

Invoice information, business content, digitization, structuring, and tagging

Online issuance/management

Real time online completion of invoicing, receipt, archiving, red listing, delivery, etc

Quick feedback

Integrated risk prevention and control

Dynamic credit (dynamic risk+dynamic credit)

In process control (red, yellow, blue)

Related Response (Penetrating Person, Penetrating Ticket)

Six step solution for tax risks in the fourth phase of the Golden Tax in the express delivery industry

1. Risk reduction financial outsourcing

2. Tax compliance accounting

3. Tax risk diagnosis and treatment
Focusing on taxation, connecting with the State Administration of Taxation's Jin San Data System to provide enterprises with early tax health checks and mitigate risks

4. Consultation on overall tax planning

Plan the overall taxation of the enterprise, reduce tax risks, and carry out rational optimization of tax planning and planning