Method 1:
(1), when selling duty-free goods
Debit: bank deposit
Loan: income from main business
Taxes payable-VAT payable (output tax)
(2) Allocate the input tax in the sum of tax-free sales and taxable sales, and calculate the exemption from VAT.
Borrow: Taxes payable-VAT payable (tax reduction or exemption)
Loan: non-operating income
At the end of the year, subsidy income will be incorporated into the taxable income of enterprises to calculate and pay enterprise income tax.
Method 2:
For those directly exempted from VAT, when selling duty-free goods, there is no need to accrue output tax, and the input tax of raw materials purchased for producing duty-free goods is transferred out and included in the cost.
(1), when selling duty-free goods
Debit: bank deposit
Loan: income from main business
② When calculating the transfer-out input tax according to regulations.
Debit: main business cost (input tax payable)
Credit: Taxes payable-VAT payable (transfer-out input tax)
After this treatment, the sales revenue of duty-free goods MINUS the corresponding sales cost is the sales gross profit of duty-free goods, which is naturally incorporated into the total profit of the enterprise.
2. Only a certain percentage of value-added tax is reduced or exempted for a certain product.
(1), selling tax-reduced products.
Debit: bank deposit
Loan: income from main business
Taxes payable-VAT payable (output tax)
② When carrying forward the VAT payable this month (tax paid after reduction)
Borrow: Taxes payable-VAT payable (transfer-out unpaid VAT)
Credit: Taxes payable-VAT unpaid
③ When carrying forward the reduced VAT.
Borrow: Taxes payable-VAT payable (tax reduction or exemption)
Loan: non-operating income
At the end of the year, the consolidated taxable income is calculated and paid enterprise income tax.
(4) When declaring and paying VAT payable.
Debit: Taxes payable-Unpaid VAT
Loans: bank deposits
3. Value-added tax accounting treatment of refund upon collection, return after collection and return after collection.
Debit: bank deposit
Loan: non-operating income
At the end of the year, the consolidated taxable income is calculated and paid enterprise income tax.
The entry of how to reduce income tax before collection and exemption is to reduce or exempt enterprise income tax before collection and storage, and enterprises do not need to actually pay taxes. In this case, the enterprise still needs to calculate the income tax payable, and then confirm the tax reduction and exemption after being approved by the tax authorities.
How to pay income tax by item;
Borrow: taxes payable-income tax payable
Loan: cash (bank deposit, etc. )
Withdrawal: debit: income tax.
Loan: Taxes payable-Income tax payable
For reference only.
How to make accounts for income tax relief for high-tech enterprises? First, the accounting method:
Reduction or exemption of 10% income tax: debit: tax payable-income tax payable.
Credit: adjustment of profit and loss in previous years
Debit: previous year's profit and loss adjustment
Credit: profit distribution-undistributed profit
In addition, after adding and deducting R&D expenses, the calculation method of income tax relief is as follows:
Borrow: taxes payable-income tax payable
Credit: adjustment of profit and loss in previous years
Debit: previous year's profit and loss adjustment
Credit: profit distribution-undistributed profit
2. Income tax means that the definition and percentage of personal taxable income are different in different periods and different places, and sometimes it is divided into payment income, wage income and accidental income (such as winning lottery tickets). Income tax, also known as income tax and income tax, refers to a tax levied by the state on various incomes of legal persons, natural persons and other economic organizations in a certain period of time.
Do I have to pay 20% personal income tax for buying and selling? If you buy or sell second-hand houses, you need to pay personal income tax.
If the second-hand house does not meet the conditions of being exempted from personal income tax for the only house that has been used for more than five years, it needs to pay personal income tax. Personal income tax is usually calculated on the basis of price difference, and the tax rate is 20%. The calculation method is: personal income tax on the transfer of second-hand houses = (total transaction amount of second-hand houses-reasonable expenses related to the original registered price of real estate) X20%. Among them, the relevant reasonable expenses refer to: the house decoration expenses paid; Housing loan interest paid; Handling fees and notarization fees actually paid by taxpayers in accordance with relevant regulations.
Is it necessary to pay income tax for directly reducing VAT?
According to the Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Corporate Income Tax Policies for Fiscal Funds, Administrative Fees and Funds of * * * (Caishui [2008] 15 1No.), the financial subsidies, subsidies, loan interest subsidies and other financial special funds obtained by enterprises from * * and its relevant departments include direct reduction or exemption of value-added tax and various taxes (but not including those obtained by enterprises according to regulations)
If the income tax is refunded in this year, how to make entries:
Tax refund receipt: bank deposit
Credit: income tax expense
Carry-forward income tax debit: income tax expense
Loan: profit this year
In the case of returning the following year:
Debit: bank deposit
Loan: Taxes payable-Income tax payable
Borrow: taxes payable-income tax payable
Credit: adjustment of profit and loss in previous years
Debit: previous year's profit and loss adjustment
Loan: Profit Distribution-Undistributed Profit
Treatment of policy tax refund: just press "* * * subsidy".
Debit: bank deposit
Loan: non-operating income-income tax rebate
Income tax has been accrued, and small and micro enterprises have been exempted. How to account for it is very simple! You don't need to pay the accrual voucher, just cancel the accrual voucher in red! View original post >>
When the income tax was settled in April of 20 12, it was found that the annual income tax of 201/kloc-0 was 4,000 yuan. How to enter? Q 1: Is this the right idea? -That's right.
Q 2: After the completion of the third entry, the "profit distribution-undistributed profit amount" will be affected, so should the surplus reserve be adjusted again (because when the surplus reserve was accrued at the end of 201/kloc-0, it was calculated according to the profit distribution-undistributed profit amount at that time, but now the amount has changed after the completion of the third entry). -The surplus reserves need to be adjusted again.
Q 3: If the surplus reserves need to be adjusted, what are the entries? -Wash off the excess amount with red-letter vouchers respectively, and write down the amount you used last year with red-letter vouchers respectively.
We pay income tax quarterly. Do we need to draw income tax first? 1 is required. Carry forward the income, cost, expenses, taxes and surcharges of main business, other business income and expenses, non-operating income and expenses to the subject of "profit of this year".
2. Calculate the income tax according to the total profit and carry it forward.
(1) Income tax accrual
Debit: income tax
Loan: Taxes payable-Income tax payable
(2) Carry-over income tax
Debit: this year's profit
Credit: income tax
(3) Pay income tax
Borrow: taxes payable-income tax payable
Loan: bank deposit or cash.