Medical device small-scale in the national tax and local tax need to pay those taxes? What are the tax rates? How to calculate?

Generally speaking, there are two steps, one, in the national tax area need to pay: value-added tax and income tax, small-scale value-added tax rate is 3%, income tax 25%. Second, the local tax: the payment of urban construction tax and education surcharge. The basis of calculation is based on VAT.

If the income for the month is 1000 (excluding tax), the accounting entries

Borrow: Cash/Bank Deposit

1000

Loan: Revenue from Main Business

970

Taxes and Charges Payable - VAT Payable

30

At the same time: Borrow: Taxes and surcharges on main business

3

Credit: Taxes and Fees Payable-City Construction Tax

2.1

-Education Surcharge

0.9

For reference only