Borrow: bank deposits
Loan: income from main business
Taxes payable - VAT payable (tax exemption amount)
Borrow: Taxes payable- -VAT payable (tax exemption)
credit: other gains (or non-operating income account)
When general taxpayers reduce or exempt VAT during the epidemic period:
borrow: bank deposits
credit: main business income
Taxes payable- -VAT payable (output tax)
Borrow: tax payable - VAT payable (tax exemption)
Credit: other income (or non-operating income account)
When taxpayers are exempted from other related taxes during the epidemic:
Borrow: Taxes and surcharges--Property tax (or urban land use tax and other subjects) (actual portion payable)
Credit: Taxes and charges payable--Property tax payable (actual portion payable)
When paying related taxes and charges:
Borrow: Taxes payable - property tax payable (actual portion payable)
Credit: Bank deposit (actual portion payable)