General enterprises will calculate the accrued wages of employees at the end of the year. If there is any discrepancy between the actual account and the account book, it needs to be adjusted accordingly, and the relevant taxes and fees also need to be adjusted. Today, I will introduce to you how the tax adjustment of income tax withholding wages is carried out. If you want to know more, please go with me to see the following.
Tax adjustment of withholding wages in income tax settlement
I. Policies and regulations on pre-tax deduction of employees' salaries withheld and remitted by enterprises.
State Taxation Administration of The People's Republic of China No.2015 Announcement on Pre-tax Deduction of Wages and Salaries of Enterprises and Employee Welfare Expenses No.34 stipulates that the annual wages and salaries actually paid to employees by enterprises before the end of annual settlement are allowed to be deducted in the final settlement year.
That is to say, if the wages and salaries accrued by the enterprise during the final settlement of enterprise income tax are paid to the employees according to the amount actually accrued before the end of final settlement (May 3 1 of the following year), the accrued wages and salaries can be deducted before tax without tax adjustment; However, if the wages and salaries accrued by the enterprise are not paid to the employees at the end of the final settlement of enterprise income tax (May 3 1), then the wages and salaries accrued by the enterprise cannot be deducted before tax and need to be adjusted.
For example, during the current year's settlement period, that is, 65438+February, an enterprise accrued the current year's salary of 300,000 yuan and the annual bonus of 200,000 yuan, which were respectively included in the related cost and expense accounts and the payable employee compensation accounts. The enterprise paid the employee a salary of 300,000 yuan on June 65438+1October1May of the following year, but the comprehensive bonus of 200,000 yuan was not paid before May 3 1 May of the following year.
Then, the wages and salaries of RMB 300,000 withheld and remitted by the enterprise can be deducted before the enterprise income tax, and no tax adjustment is needed; However, since the comprehensive bonus of RMB 200,000 that has been accrued has not been paid before the final settlement, it cannot be deducted before the taxable income of enterprise income tax, and tax adjustment is needed.
Two. Compliance treatment related to other accruals.
During the period of final settlement, enterprises shall establish relevant management systems when withholding relevant expenses, and shall not arbitrarily withhold relevant expenses to increase the pre-tax amount of enterprise income tax. In other words, the accrued expenses need to be related to the actual production and operation business, and the expenses need to be accrued. Otherwise, even if the relevant expenses are prepaid, they cannot be deducted before tax, and tax adjustment is needed.
What needs to be reminded here is that accrued expenses still need to be accrued at the final settlement, such as employee salaries, year-end bonus, loan interest, and raw and auxiliary materials and expenses that have not been paid or received invoices before the end of the year. , should be included in the current expenses. If it is not accrued in time, it will be included in the product cost and period expenses, which will affect the current operating results of the enterprise and the pre-tax deduction amount of enterprise income tax.
In short, whether wages and salaries can be deducted before enterprise income tax in the final settlement should meet the standards stipulated in the tax law and meet the actual needs of enterprise management. The accrued expenses must be accrued, and it is useless to raise the expenses that should not be accrued, and tax adjustment is needed.
Information required for final settlement
1. Copy (seal) of business license, tax registration certificate (national tax), organization code certificate and foreign exchange registration certificate (applicable to foreign enterprises).
2. Balance sheet, income statement and cash flow statement of this year (1-65438+February) (seal).
3. The audit report of the previous year (applicable to the annual review) and the verification report of the income tax settlement of the previous year.
4. Copy (seal) of the comprehensive land tax return (1-65438+February) and the value-added tax return (1-65438+February).
5. 1 month electronic receipt of various taxes (seal).
6. Copy (seal) of quarterly advance tax return for enterprise income tax (4 quarters).
7. General ledger, subsidiary ledger (including expense subsidiary ledger) and accounting vouchers.
8. Cash inventory table, bank statement and balance adjustment table (seal).
9, fixed assets inventory table, fixed assets and depreciation schedule (seal).
10. Copies of tax authorities' documents and relevant certification materials enjoying preferential policies.
This is what I introduced to you, that is, how to adjust the tax payment of withholding wages in the final settlement of income tax. I'm sure you know something about this. Want to know more about the accounting information of final settlement, you can scan the QR code and pay attention to the official account of accounting coach WeChat. If you don't understand anything, you can also consult our Q&A teacher online.