1. No tax exemption or reduction.
Borrow: main business cost (FOB export sales * tax refund-tax exemption and tax deduction)
Goods: Taxes payable-VAT payable-Transfer-out input tax.
2. Amount of tax refund:
Borrow: Subsidies Receivable-Export Tax Refund (Tax Refund Amount)
Goods: Taxes payable-VAT payable-Export tax rebate (tax rebate amount)
3. Allowance:
Borrow: tax payable-value-added tax payable-export tax refund for domestic sales (tax exemption)
Goods: Taxes payable-VAT payable-Export tax rebate (free of charge)
4. Tax refund received
Debit: bank deposit
Commodities: Subsidies Receivable-Export Tax Refund
Typical examples of export tax rebate of production enterprises;
Example 1: A production enterprise with import and export rights is engaged in export sales and domestic sales of self-produced goods. From June, 5438 to June, 2005 10, enterprises can purchase the required raw materials and other commodities, and the input tax can be deducted by 850,000 yuan. The sales of domestic products reached 3 million yuan, and the offshore value of export goods was equivalent to 24 million yuan. Assume that the tax in the previous period is 50,000 yuan, the VAT rate is 17%, and the tax refund rate is 15%. Suppose no information problem is designed. Relevant accounting treatment is as follows:
(1) Purchased raw and auxiliary materials, spare parts, energy consumption, etc. , the entry is as follows:
Borrow: raw materials and other subjects 5000000
Taxes payable-VAT payable (input tax) 850,000.
Commodity: 5850000 in the bank.
(2) When the product is exported, the entry is:
Borrow: foreign exchange receivable is 24 million.
Commodities: The main business income is 24 million yuan.
(3) For domestic products, the entry is:
Debit: bank deposit 35 10000.
Commodities: The main business income is 3 million.
Taxes payable-VAT payable (output tax) 5 10000
(4) At the end of the month, calculate the tax amount that will not be deducted and refunded for export goods in that month.
Tax amount that cannot be reduced or exempted = FOB current export goods × RMB foreign exchange rate × (tax rate-tax refund rate) = 2400 × (17%-15%) = 48 (ten thousand yuan).
Debit: The product sales cost is 480,000 yuan.
Goods: Taxes payable-VAT payable (transfer-out input tax) 480,000.
(5) Calculate the tax payable
Tax payable this month = output tax-input tax = output tax of domestic goods in this period-(input tax in this period+tax retained in the previous period-the amount that will not be deducted or refunded in this period) =5 1-(85+5-48)=9 (ten thousand yuan).
After the carry-over, the credit balance of the subject "Taxes payable-VAT unpaid" at the end of the month is 90,000 yuan.
(6) When actual payment is made
Borrow: Taxes payable-VAT unpaid is 90,000.
Goods: Bank 90,000.
(7) Calculate the tax allowance.
Tax Refund Exemption Amount = FOB Export Goods × RMB Foreign Exchange Quotation × Tax Refund Rate of Export Goods =2400× 15%=360 (ten thousand yuan)
Borrow: Taxes payable-VAT payable (export tax rebate for domestic products) 3.6 million yuan.
Goods: Taxes payable-VAT payable (export tax rebate) 3600000.
Example 2: Quote the data of example 1. If the input tax of purchased goods in this period is1.4000 yuan, and other data remain unchanged, the entry of (1)-(6) is the same as above. The remaining accounts are handled as follows:
(8) Calculate the tax payable or tax allowance at the end of the current period.
Taxable amount this month = output tax-input tax = output tax of domestic goods in the current period-(input tax in the current period+tax retained in the previous period-the amount that will not be deducted or refunded in the current period) = 300×17%-(140+5-2400× (17%-60).
Because the tax payable is less than zero, it shows that the "remaining tax at the end of the period" is 460,000 yuan.
(9) Calculate tax refund and exemption.
Tax Refund Exemption Amount = FOB Export Goods × RMB Foreign Exchange Quotation × Tax Refund Rate of Export Goods =2400× 15%=360 (ten thousand yuan)
When the tax exemption at the end of the current period is 460,000 yuan or less, and the tax exemption at the current period is 3.6 million yuan.
Current tax refund = current tax allowance at the end of the period =46 (ten thousand yuan)
Current tax allowance = current tax allowance-current tax refund = 360-46 = 3 14 (ten thousand yuan)
Debit: The export tax rebate receivable is 460,000 yuan.
Taxes payable-Value-added tax payable (tax payable deducted for domestic product export) 3 140000.
Goods: Taxes payable-VAT payable (export tax rebate) 3600000.
(10) When the tax refund is received, the entry is:
Debit: the bank deposit is 460,000 yuan.
Goods: The export tax rebate receivable is 460,000 yuan.