I. There are nine tax items for business tax: 3% tax rate applies to transportation, construction, postal and telecommunication, culture and sports; 5% tax rate applies to finance and insurance, service, transfer of intangible assets, sale of real estate, and 5% to 20% tax rate applies to entertainment industry.
But with the advancement of business tax to VAT, the tax item of transportation industry, postal in the tax item of postal and telecommunication industry, warehousing and advertisement in the tax item of service industry, and the transfer of trademark right, transfer of copyright, transfer of patent right, and transfer of non-patent technology in the tax item of transfer of intangible assets, ceased to be implemented.
Second, the urban construction tax and education surcharge are calculated and paid at 7% and 3% of the value-added tax, business tax and consumption tax paid, respectively.
Taxes and surcharges: reflecting the business tax (which has been canceled), consumption tax, urban maintenance and construction tax, resource tax and education surcharges that should be borne by the enterprises operating the main business.
When filling in this indicator, it should be noted that after the implementation of the new tax system, the accounting regulations stipulate that the VAT payable is no longer included in the item of "Main Business Taxes and Surcharges", and should be reflected separately in the item of "Schedule of VAT Payable", no matter whether it is a general taxpaying enterprise or a small taxpaying enterprise.
Based on the cumulative figures of the corresponding indicators in the "Income Statement" of enterprise accounting. Urban maintenance and construction tax and education surcharge are additional taxes, which are calculated as a certain percentage of the total amount of VAT, consumption tax and business tax actually paid by the enterprise in the current period.
According to Caihui [2016] No. 22, after the full-scale trial implementation of the "Business Tax to Value-added Tax", the name of the subject "Business Tax and Surcharges" is adjusted to the subject "Taxes and Surcharges".
This subject accounts for consumption tax, urban maintenance and construction tax, resource tax, education surcharge, property tax, land use tax, vehicle and vessel use tax, stamp duty and other related taxes and fees incurred in the business activities of enterprises.
The item "business tax and surcharges" in the income statement is adjusted to the item "taxes and surcharges", and the item "four small taxes", which was charged to "administrative expenses" before May 1, 2016, is adjusted to "taxes and surcharges" in the income statement. The "four small taxes" (property tax, land use tax, vehicle and vessel tax, and stamp duty) that were charged before May 1, 2016 have been adjusted to the "Taxes and surcharges" account.
Expanded Information:
I. This account accounts for the business tax, consumption tax, urban maintenance and construction tax, resource tax and education surcharge and other related taxes incurred in the business activities of enterprises.
According to the "Provisional Regulations of the People's Republic of China on Value-added Tax" and the "Notice on the Issuance of the Provisions on Accounting for Value-added Tax" (Caihui [2016] No. 22) and other relevant regulations, property tax, vehicle and vessel tax, land-use tax, and stamp duty will be accounted for in the "Taxes and surcharges" and no longer be accounted for in the "Administrative Expenses" account. account.
Second, the enterprise in accordance with the provisions of the calculation and determination of the tax related to business activities, debit this account, credit "tax payable" and other subjects. Enterprises received the return of consumption tax, business tax and other taxes originally credited to this account, should be based on the actual amount received, debit the "bank deposits" account, credited to the account.
Three, at the end of the period, the balance of this account should be transferred to the "profit for the year" account, after the carry-over of this account should have no balance. Due to installment sales of goods accounting method is different from the previous, the new account "long-term receivables".
Baidu Encyclopedia-Business Taxes and Surcharges