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Purchase of mask disinfectant accounting treatment purchase of masks tax treatment of mask disinfectant pre-tax deduction issues accounting treatment of case studies
Enterprise purchase of mask disinfectant during the epidemic how to account for?
Borrow: administrative expenses/manufacturing costs, etc. - labor protection costs
Taxes payable - VAT payable (input tax)
Loan: bank deposits/cash
Case study:
During the epidemic, Enterprise B purchased a batch of N95 masks valued at RMB 30,000 and disinfectant solution valued at RMB 8,000 for use by employees at work in order to further protect the personal health of employees. How should Enterprise B do its accounting?
Enterprise B purchased the mask disinfectant solution of the account processing is shown below:
Answer: VAT payable = (30,000 + 8,000) × 13% = 4,940 (yuan)
Borrow: administrative expenses - labor protection expenses 30,000
Administrative expenses --Office expenses 8000
Taxes payable -- VAT payable -- input tax 4940
Credit: Bank deposits 42940
Note: The debit side needs to be divided according to the specific division of the use of the department, not all recorded in the administrative expenses, in addition to administrative expenses can also be recorded in the sales expenses, production costs and other subjects.
During the epidemic period mask disinfectant no invoice can be deducted before tax?
Question: The company purchased alcohol, masks, disinfectant and other supplies from multiple sources in the process of preventing the epidemic, but some of them did not obtain invoices, is it possible to make a pre-tax deduction during this special period, and what policies are available to support it?
Answer:According to the provisions of Articles 9 and 13 of the Announcement of the State Administration of Taxation on the Issuance of the Measures for the Administration of Vouchers for Pre-tax Deduction of Enterprise Income Tax
(Announcement of the State Administration of Taxation No. 28 of 2018), if an enterprise incurs an expenditure item within its territory which is a VAT taxable item (hereinafter referred to as the "taxable item "If the other party is a VAT taxpayer that has applied for tax registration, its expenditure shall be deducted before tax by invoices (including invoices issued by the tax authorities in accordance with the provisions); if the other party is a unit that is not required to apply for tax registration according to the law or an individual engaging in a small amount of sporadic business, its expenditure shall be deducted before tax by invoices issued by the tax authorities on behalf of the taxpayer or by collection vouchers and internal vouchers; the collection vouchers shall state the taxable items, and the collection vouchers shall state the taxable items. Receipt vouchers should contain the name of the receiving unit, the name and ID number of the individual, the expenditure items, the amount of money received and other relevant information.
The criterion for small-sized sporadic business is that the sales of individuals engaged in the business of taxable items do not exceed the starting point stipulated in the relevant policies on value-added tax (VAT).
If the State Administration of Taxation (SAT) has other regulations on the invoicing of taxable items, the prescribed invoices or bills shall be used as the pre-tax deduction vouchers.
Enterprises that should have obtained but did not obtain invoices or other external certificates, or obtained non-compliant invoices or non-compliant other external certificates, should request the other party to reissue or exchange the invoices or other external certificates before the end of the current year's remittance period if the expenditures are real and have actually occurred. If the invoices and other external vouchers are in compliance with the regulations, they can be used as pre-tax deduction vouchers.
According to Article 6 of the Announcement of the State Administration of Taxation on Certain Issues of Enterprise Income Tax (Announcement of the State Administration of Taxation No. 34 of 2011), if an enterprise fails to obtain timely and valid vouchers for the costs and expenses actually incurred in the current year due to various reasons, the enterprise may temporarily account for the amount incurred in its books when it pays the quarterly income tax in advance; however, it should provide additional vouchers for such costs and expenses when it makes the remittance. However, in the remittance, the effective vouchers for the costs and expenses should be provided.
What is the tax treatment for the purchase of masks during the epidemic?
During the epidemic, the company buys masks and distributes them to the employees, which is a direct need for work. In accordance with the relevant provisions of the buy masks and other protective equipment expenditure is labor protection expenditure. Specific tax treatment is as follows:
1, personal income tax
In accordance with relevant regulations, the unit sent to individuals for the prevention of new pneumonia drugs, protective drugs and other physical objects, can be exempt from personal income tax. So the company to buy masks during the epidemic expenditure, allowed to be exempted from personal tax.
2, enterprise income tax
In accordance with the "Regulations for the Implementation of the Enterprise Income Tax Law" Article 48 can be obtained, enterprises incurred labor protection expenditures, if the legal pre-tax deduction vouchers, will be allowed to pre-tax deduction of enterprise income tax. That is, the masks purchased during the epidemic period are allowed to be deducted before enterprise income tax if legal pre-tax deduction vouchers are obtained.
3, value-added tax
Labor protection expenses in the scope of the input tax credit can be applied for, for the masks purchased during the epidemic, under the condition of obtaining legal VAT deduction vouchers, its input tax can be deducted from the output tax.
Typical cases of purchasing masks during the epidemic
Case 1:
The company purchased medical masks for employees to deal with the new coronavirus,*** counting 10,000 yuan, and has obtained a compliant VAT invoice of 10,000 yuan, VAT amounted to 1,300 yuan. How does the accountant do the accounting?
Borrow: administrative expenses - labor protection fees 10000 yuan
Tax payable - payable VAT 1300 yuan
Credit: bank deposits 11300 yuan
Case 2:
Recently, in order to prevent the new coronavirus, the company will subsidize the issuance of masks to all employees, requiring each employee to purchase their own and consciously go to work to wear. This time the accountant and how to do the accounts?
Borrow: Employee compensation payable - welfare expenses 11,300 yuan
Credit: Bank deposits 11,300 yuan
The above methods, your company with which to do the accounts?