VAT accounting entries for equipment maintenance costs

Producing companies have a lot of fixed assets, then equipment maintenance or remodeling and upgrading will occur. How to make accounting entries for paying VAT on equipment maintenance costs, let's find out.

Accounting entries for VAT on equipment maintenance fees

Accounting entries for technical maintenance fees for VAT tax-controlled series of special equipment:

1, the actual amount paid

Borrow: administrative expenses

Credit: bank deposits

2, when offsetting the amount of VAT payable in accordance with the provisions of the VAT taxable amount:

(1) for the VAT General taxpayers borrow: tax payable - VAT payable (tax reduction)

credit: administrative expenses

(2) for small taxpayers borrow: tax payable - VAT payable

credit: administrative expenses

Equipment maintenance costs

Equipment maintenance costs

Equipment maintenance costs

Equipment maintenance costs

Equipment maintenance costs

Contact: bank deposits p>

What is the VAT rate for equipment maintenance expenses?

1. The applicable rate of VAT for small-scale taxpayers is 3%.

2. The applicable tax rate for general VAT payers is 17%.