It is possible to deduct the input tax of self-produced products used for employee welfare. According to the VAT law, self-produced goods used for employee welfare are treated as sales, so the input tax can be deducted. The use of self-produced goods for employee welfare is regarded as a sale, and there is a VAT output, so the input tax can be deducted.
Self-produced products used for employee benefits, the entries are as follows:
Borrow: Administrative Expenses - Welfare Expenses
Credit: Employee Compensation Payable
Borrow: Employee Compensation Payable
Credit: Revenue from Main Businesses
Taxes and Charges Payable - Payable Value Added Tax (VAT) (Sales Tax)
Borrow: Main Business Costs
Let us know what you need to know about the cost of goods and services. p>Credit: Inventory goods
Scope of employee welfare expenses
The scope of welfare expenses is the equipment, facilities and personnel costs incurred by the welfare departments of enterprises that have not yet implemented the separation of the functions of running a social organization, including the equipment, facilities and repair and maintenance costs of the collective welfare departments of the employees' canteens, employees' bathrooms, barber's offices, medical clinics, nurseries, nursing homes, and so on, as well as the costs of wages and salaries, social insurance premiums, and staff expenses of the welfare departments, and the costs of the staff. Wages and salaries of staff, social insurance premiums, housing fund, and labor costs. Subsidies and non-monetary benefits for employees' health care, living, housing, transportation, etc., including medical expenses paid by enterprises to employees for overseas medical treatment on official business, medical expenses for employees of enterprises that have not implemented medical care coordination, medical subsidies for employees' dependent immediate family members, subsidies for heating costs, summer heat-prevention and cooling costs for employees, hardship subsidies for employees, relief expenses, subsidies for employees' canteens, and transportation subsidies for employees, etc. Other employee welfare expenses incurred in accordance with other regulations, including funeral subsidies, compassionate care expenses, family settlement expenses, and travel expenses for family visits.
In the financial work, self-produced products for employee welfare input tax can be deducted?
In the financial work, self-produced products for employee welfare input tax can be deducted?