Through the donation of the Development Zone Management Committee, the part that does not exceed the total annual profit 12% can be deducted before tax.
Question 2: How to account for charitable donations?
Borrow: non-operating expenses
Loans: bank deposits, etc.
Regulations on the Implementation of the Enterprise Income Tax Law of People's Republic of China (PRC); The implementation regulations will be officially implemented on June 6, 2008+10/October 6. Clarify the scope and conditions of pre-tax deduction of public welfare donation expenditure.
As for the deduction of public welfare donation expenditure, the old tax law adopts the method of proportional deduction for domestic enterprises (within 3% of taxable income), and there is no proportional limit for foreign-funded enterprises. In order to unify the tax burden of domestic and foreign-funded enterprises, the floating clause of the Enterprise Income Tax Law stipulates that the public welfare donation expenses incurred by enterprises within the total annual profit 12% are allowed to be deducted when calculating the taxable income. In order to enhance the operability of the enterprise income tax law, the Implementation Regulations defines public welfare donations: public welfare donations refer to donations provided by enterprises to public welfare undertakings stipulated in the People's Republic of China (PRC) Public Welfare Donation Law through public welfare social organizations or people at or above the county level and their departments.
Question 3: How to make an account of the company's charitable donation? Buying greeting cards by the post office is not a charity donation, but an operating expense. Whether it can be charged before tax is decided by the local tax authorities. Charitable donation refers to the units or organizations designated by the Ministry of Civil Affairs to accept donations, and charitable donations between them shall not be charged before tax.
Question 4: How to deal with charitable donation accounting subjects: non-operating expenses-donation expenses
Loans: bank deposits
When enterprise income tax is settled
1. According to Articles 51, 52 and 53 of the Regulations for the Implementation of the Enterprise Income Tax Law of People's Republic of China (PRC), the portion of the public welfare donation expenditure incurred by the enterprise that does not exceed 02% of the total annual profit is allowed to be deducted. Among them, the total annual profit refers to the annual accounting profit calculated by the enterprise in accordance with the unified national accounting system. Charity donation refers to the donation made by enterprises to the public welfare undertakings stipulated in People's Republic of China (PRC) Charity Donation Law through public welfare social organizations or people's organizations at the county level and their departments. Public welfare social organizations refer to social organizations such as foundations and charitable organizations that meet the following conditions at the same time:
Registered in accordance with the law, with legal personality;
(two) for the purpose of developing public welfare undertakings, not for profit;
(3) All assets and their added value are owned by legal persons;
(four) the income and operating balance are mainly used for enterprises that meet the purpose of establishing a legal person;
(5) The remaining property after termination does not belong to any individual or profit-making organization;
Do not engage in business unrelated to the purpose of its establishment;
(seven) a sound financial accounting system;
(eight) the donor does not participate in the distribution of property of social groups in any form;
(nine) other conditions stipulated by the competent departments of finance and taxation of the State Council in conjunction with the civil affairs department of the State Council and other registration management departments.
2. If the above conditions are not met, the taxable income shall be adjusted and increased at the time of final settlement.
Question 5: How to account for the items donated by the company (with a large amount)? The situation you mentioned belongs to free donation. Whether the donated goods are self-produced or purchased before, they are regarded as sales according to the tax law. The specific accounting treatment is as follows:
Borrow: non-operating expenses
Loan: income from main business
Debit: Taxes payable-VAT payable (output tax)
Parallel carry-over cost:
Debit: main business cost
Borrow: inventory goods
I hope the answer is helpful to you, thank you!
Question 6: How is the donation 1 recorded? The unit donated money to the disaster area, not to the Red Cross, but to the local bureau. There is no invoice, only a receipt. How to make an account? Can be credited according to the receipt: non-operating expenses-donated loans in disaster areas: cash (or bank deposits) 2. Part of the donation from the unit is donated by employees, which is collected by the unit, plus the part donated by the unit, which is donated by the unit to the local government. How to make an account? (1) Personal donations received from employees: cash borrowing: other payables-personal donations in disaster areas (2) Borrowing when handing in: non-operating expenses (corporate donations) borrowing: other payables-personal donations in disaster areas: cash (or bank deposits).
Question 7: How is the donation recorded? Borrow: 20,000 yuan for non-operating expenses.
Loan: Bank deposit (or cash) 20000.
The public welfare donation expenses incurred by the enterprise that do not exceed 12% of the total annual profit are allowed to be deducted. Expenditures other than donations shall not be deducted before tax.
Your donation is not a public welfare donation and may not be deducted before enterprise income tax. At the end of the year, when the enterprise income tax is settled, 20,000 yuan of non-operating expenses will be transferred to taxable income and enterprise income tax will be paid.
Question 8: How are the goods donated by the company to charity accounted for? Debit: non-operating expenses-donation expenses.
Loan: bank deposit (or cash)
According to the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on the Income Tax Issues Needed to Be Clear in the Implementation of Enterprise Accounting System.
Paragraph 1 of Article 2 stipulates: "Where an enterprise uses its own raw materials, fixed assets, intangible assets and marketable securities (including goods purchased in commercial enterprises) for donation, it shall be divided into two businesses: external sales and donation at fair value. Foreign donations of enterprises shall not be deducted before tax, except for public welfare disaster relief donations that meet the requirements of tax laws and regulations. " Enterprises donate cash to foreign countries, depending on who the recipient is. As mentioned above, the recipients of corporate cash donations are non-profit social organizations, state organs, education, civil affairs and other public welfare undertakings in China and natural disaster-stricken areas and poverty-stricken areas, which are directly included in the "non-operating expenses-donation expenses" subject. Because the taxpayer's excess shall not be deducted before tax. So there is the problem of year-end calculation adjustment. Here are some examples.
1.A Company wrote a cash check for 50,000 yuan. Donate money to Project Hope. The accounting entries are:
Borrow: non-operating expenses-donation expenses of 50,000 yuan.
Loan: 50,000 yuan in bank deposit.
At the end of the year, the total profit of Company A was 500,000 yuan. It is assumed that there are no other time differences and permanent differences.
(1) Adjustment of taxable income:
Taxable income = 500,000+50,000 = 550,000 (yuan)
(2) Calculate the deduction of statutory public welfare and relief donations:
Deduction of statutory public welfare relief donation = 550000× 3% = 16500 (yuan)
(3) Deduct the statutory deduction of public welfare and relief donations from the adjusted income to calculate the actual taxable income:
Taxable income = 550000- 16500 = 533500 (yuan)
(4) Pay income tax at 33%:
Income tax payable = 533500× 33% = 165053 (yuan)
Debit: income tax 165053
Debit: taxes payable-income tax payable 165053
According to the provisions of the tax law, the donations directly made by tax-paying enterprises to the recipient units (or non-public welfare units) are also included in the subject of "non-operating expenses-donation expenses", but they are not deducted. When calculating the income tax at the end of the period, it is directly included in the taxable income, and the income tax is calculated and paid together.
Question 9: How is the donation expenditure recorded? Debit: non-operating expenses-donation expenses.
Loan: cash (bank deposit, etc. )
If the donation expenditure does not go through the donation institution, the income tax cannot be deducted.
Donation expenditure is the value of various properties donated by enterprises.
When providing donations, non-profit organizations should recognize them as expenses during the period of providing donations or making unconditional donation commitments, and at the same time reduce assets or increase liabilities. The specific treatment mainly depends on the form of welfare. For example, the donation of inventory for sale should be recognized as the decrease of inventory and the increase of donation expenses, while the unconditional donation of cash should be recognized as accounts payable and donation expenses. Donation expenses shall be measured at the fair value of donated assets or, if the donation is provided in the form of debt forgiveness or debt commitment, at the fair value of liabilities. For conditional donation commitment and "conditional" donation, the donation fee can only be confirmed after meeting the qualification requirements, and the treatment method corresponds to the donation income, so I won't repeat it here.
Question 10: How to account for charitable donations made by enterprises and borrow bank deposits or cash from non-operating expenses?
It is best to deduct it before tax through charity.