1, direct exemption has two processing methods
Method 1:
①, the sale of tax-exempt goods
Borrow: bank deposits
Credit: main business income
Taxes payable - payable value-added tax (output tax)
②, will be in the exempted sales and taxable sales of input tax is allocated to calculate the exempted sales. The VAT exemption is calculated by allocating the input tax between the exempted sales and the taxable sales
Borrow: Taxes Payable - VAT Payable (Reduced or Exempted)
Credit: Non-operating Income
At the end of the year, the subsidized income will be included in the enterprise's taxable income to calculate the enterprise income tax to be paid.
Method 2:
For those directly exempted from VAT, there is no need to accrue output tax on sales of tax-exempted goods, and input tax on raw materials purchased for the production of tax-exempted goods will be reversed and recognized as cost.
①, the sale of tax-exempt goods
Borrow: bank deposits
Credit: income from main business
②, according to the required calculation of the transfer of input tax
Borrow: the cost of main business (the amount of input tax to be apportioned)
Credit: Taxes payable - payable value-added tax (transfer of input tax)
After this processing
2, for a certain product only a certain percentage of the VAT reduction
①, the sale of tax-reduced products
Borrow: bank deposits
Credit: revenue from the main business
Taxes and charges payable - VAT payable (output tax)
②, the carry forward of the current month's VAT payable (tax reduced) When carrying forward the VAT payable for this month (the amount of tax paid after the reduction)
Borrow: Taxes and charges payable - VAT payable (transfer of unpaid VAT)
Credit: Taxes and charges payable - unpaid VAT
③. When carrying forward the reduced VAT
Borrow: Taxes and charges payable - VAT payable (reduction)
④. When declaring the payment of VAT payable
Borrow: Taxes Payable - Unpaid VAT
Credit: Bank Deposits
3. Accounting treatment of VAT that is instantly levied and immediately refundable, levied first and then refundable, and levied first and then refundable
Borrow: Bank Deposits
Credit: Non-Operating Income
At the end of the year, it is consolidated into the taxable income to calculate the payment of enterprise income tax.
How to do the income tax deduction
Pre-expropriation deduction Pre-expropriation deduction is a deduction given before the collection of enterprise income tax into the Treasury, the enterprise does not need to pay the actual tax. In this case, the enterprise still needs to calculate the income tax payable, and then recognize the tax reduction or exemption after the approval of the tax authorities.
How to pay income tax
Payment:
Borrow: Taxes payable - Income tax payable xxx
Credit: Cash (bank deposits, etc.)
Withdrawal: Borrow: Income tax
Credit: Taxes payable - Income tax payable
For reference only.
First, the bookkeeping method:
Reduction of 10% income tax: Debit: Taxes payable - income tax payable
Credit: Adjustment of profit and loss of previous years
Debit: Adjustment of profit and loss of previous years
Credit: Distribution of profit - undistributed profit
In addition to the R & D expenses plus deduction calculated after the reduction of income tax:
Debit: Taxes payable Income tax is the definition and percentage of taxable income of an individual that varies from *** to *** in different places and at different times. Income tax, also known as income tax, income tax, refers to the state of legal persons, natural persons and other economic organizations in a certain period of time, a variety of income tax.
If you are buying or selling a house, you need to pay 20% personal income tax
If you are buying or selling a house, you need to pay personal income tax.
If the second-hand house does not meet the conditions for exemption from personal income tax for the sole use of the house for more than five years, you need to pay personal income tax. Personal income tax is usually calculated on the difference in price, the tax rate is 20%. The calculation method is as follows: the amount of personal income tax on the transfer of second-hand houses = (the total amount of the transfer transaction of the second-hand house - the original registered price of the property - the relevant reasonable expenses) X 20%. The relevant reasonable costs refer to: the payment of housing renovation costs; the payment of interest on housing loans; taxpayers in accordance with the relevant provisions of the actual payment of fees, notary fees and so on.
Do you need to pay income tax on the directly reduced VAT
Directly reduced VAT needs to pay income tax.
According to the Circular of the Ministry of Finance and the State Administration of Taxation on Issues Concerning Enterprise Income Tax Policies on Fiscal Funds, Administrative Fees and Charges, and *** Sexual Funds (Cai Shui [2008] No. 151), financial grants, subsidies, loan discounts, and other types of financial special funds obtained by enterprises from *** and its related departments, including Directly Reduced VAT, are subject to income tax? strong> direct VAT exemptions and all kinds of taxes ( but excluding export tax rebates obtained by enterprises in accordance with the regulations ), except for those belonging to the state investment and those required to return the principal after the use of the funds, shall be counted as part of the total income of the enterprise in the current year, and counted in the *** The subsidized VAT tax exemption shall be subject to enterprise income tax.
How to make entries for income tax refundIn case of refund in the current year:
Receive tax refund debit: Bank deposit
Credit: Income tax expense
Carry forward the income tax debit: Income tax expense
Credit: Profit of the current year
In case of refund in the next year:
Debit: Bank Deposit
Credit: Tax Payable - Income Tax Payable
Borrow: Tax Payable - Income Tax Payable
Credit: Adjustment of Profit and Loss of Previous Years
Borrow: Adjustment of Profit and Loss of Previous Years
Credit: Profit Distribution - Undistributed Profit
The treatment of policy tax rebate: it can be treated as "*** subsidy"
Borrow: Bank Deposit
Credit: Non-Operating Income
Credit: Non-Operating Income
Income tax has been accrued small and micro-enterprise exemptions have not been paid how to do the entries
It's very simple ah! Has been accrued do not need to pay, as long as the accrued vouchers, red write-off will be able to ah! View original post >>
April 2012 income tax settlement, found that the need to pay 2011 income tax 4000 yuan, how to do the entry?Q1: Is this the right idea? ---- is very correct.
Q2: After the 3rd entry is done, it will affect the "Profit Distribution - Amount of Undistributed Profit", so do I still have to adjust the surplus reserve again (because at the end of 2011, when the surplus reserve was accrued, it was accrued in accordance with the amount of Profit Distribution - Amount of Undistributed Profit calculated at that time, and now after doing the 3rd entry (the amount has changed since the 3rd entry was made). ---- need to adjust the surplus reserve again.
Q3: If you need to adjust the surplus reserve, what is the entry? ---- The entry uses a red-letter voucher to charge back the over-accrual, and your voucher entry for last year's accrual writes the amount in red.
We are quarterly income tax payment, income tax need to be accrued first?Needed. 1, the income, costs, expenses, main business taxes and surcharges, other business income and expenditure, non-operating income and expenditure to carry forward to the "profit for the year" account.
2. Calculate the income tax according to the total profit and carry forward the income tax.
(1) Provision for income tax
Borrow: Income tax
Credit: Taxes payable - Income tax payable
(2) Carry forward income tax
Borrow: Profit for the year
Credit: Income tax
(3) Payment of income tax
Borrow: Taxes payable - Income tax payable
Credit: Bank deposits or cash
(3) Pay income tax
Borrow: Income tax - Income tax payable
Credit: Bank deposits or cash. : Bank deposit or cash