Shares fell 9% state sales tax evasion, the U.S. denies hiding

, Has been reported that Gome (00493.HK) and three

Home Appliances

Chain enterprises suspected of concealing sales revenue, by the National Tax Administration of verification. Affected by this news, Gome shares fell 9.33% yesterday. States to deny the United States and then in a statement to conceal sales. Tax experts believe that, pending the results of investigation before the company can not determine the existence of VAT by staying sales of the stub to conceal income.

Yesterday, there were reports that the SAT is a nationwide campaign specifically for States United States

Suning

, Medium and large electrical home appliance retailers such as value-added tax stub verification operations stranded. Reported that the National Tax Administration analysis of tax data found that the existence of large home appliance retailers VAT stub retention phenomenon, more and staying relatively large amount of votes the shares. To this end, the SAT will use the remaining ticket stub information, verification of electrical retailers are not certified because the input tax deductible check to conceal the existence of sales income.

On these reports, States United States insider explained to reporters, said the company did not exist to conceal sales of thing, "home appliance retailers who do not want to do their own sales as high as possible." It was explained that this relates to the supply between merchants and manufacturers there is a cycle of clearing the problem. That is, from manufacturers to retailers to the final retailer will supply goods sold and settled with the manufacturer, this center has a process takes time, and invoicing is also the time difference, there remain a number of instruments, which is normal.

Gome then sent a written statement to reporters, said: there is no hide company sales income. State reputation, management of the enterprise supervision, inspection, guidance is normal behavior, the company has always been welcome and work with relevant departments that this is conducive to the healthy development of industries and enterprises, the industry is conducive to the formation of a good operating order. However, affected by the news, Gome opened yesterday to 4.29 Hong Kong dollars after the road edge lower, after 2:00 pm Despite the rebound, but then again edge lower, finally closed at 4.08 Hong Kong dollars, almost the lowest point of the day, fell 9.33%.

Addition, Suning has also today released a notice on the matter was clarified. Su Ning said that the relevant administrative departments of inspection and guidance of the enterprise is normal behavior, contribute to industry standards, companies and subsidiaries will be actively cooperate; company has been in strict accordance with relevant laws and regulations, and strict financial accounting system and internal control system, there is no concealing sales situation; company is now on the VAT invoice stub sort out the reasons for staying until the comb is complete, to fulfill obligations related to information disclosure.

The other hand, a tax expert of anonymity in an interview that the results of the investigation before the SAT is not yet possible to determine the existence of several enterprises remain VAT invoices by the stub to conceal sales income. For example, the expert said to reporters, assuming a home appliance chain enterprises obtain one million yuan from the manufacturers of goods, and then 120 million sales price. The company will pay the output tax of 204 thousand yuan (at 17% tax rate), while enterprises can also apply for input tax deduction 170 thousand yuan, then the effect on business in the shipment shall be paid a 34,000 yuan. However, if the output tax and input tax is not accounted for Enterprise, you can evade 34,000 yuan. In the verification, the State Administration of Taxation if found "large amount of shares and more" value-added tax special invoice stub, but the company failed to use it for input tax deduction, which the company's profits impact, some irrational, so there are enterprises accounted for output tax questions. In addition, because according to relevant regulations, enterprises must carry out the amount of input tax deduction, taxpayers must first receive its side in the seller's billing invoices within 90 days from the date of certification to the tax authorities; deductible input tax related to the need to prepare materials are also more. Therefore, does not rule out large companies because the business requires too much input tax deduction, but defer the case for input tax deduction.

Gome president Chen Xiao

and to the Shanghai Securities News, said that Gome stores nationwide sales of systems are networked via computer, and the sale of each commodity are into computers every month automatically generated by the computer of the month total sales, and then report and pay taxes, do not exist the possibility of tax evasion, but can not hide sales.

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