1. Confirm the amount of overdue fine.
Enterprises need to confirm with the tax authorities the specific amount of enterprise income tax, fines and late fees that should be paid. These amounts are usually listed in the overdue notice issued by the tax authorities or related tax documents.
Second, accounting entries processing
The unpaid enterprise income tax shall be treated as the current income tax expense, and the accounting entries are as follows:
Debit: income tax expense
Loans: bank deposits
As for the fine, it should be treated as non-operating expenses because it is a punishment for the enterprise's failure to pay taxes on time. The accounting entries are as follows:
Borrow: non-operating expenses
Loans: bank deposits
As for the late payment fee, it is the extra cost incurred by the enterprise due to the delay in paying taxes, and it should also be treated as non-operating expenses. Accounting entries are the same as fines:
Borrow: non-operating expenses
Loans: bank deposits
Three. Records and reports
The enterprise shall record the transaction information of overdue tax, fine and late payment fee in detail in the accounting books, including the transaction date, amount, counterparty, etc. , to ensure the accuracy and completeness of accounting information. At the same time, when preparing financial statements, these expenditures should be correctly classified and reflected in the corresponding projects.
Four. Tax declaration and compliance
After paying back taxes and completing accounting treatment, enterprises need to declare according to the requirements of tax authorities to ensure tax compliance. In addition, enterprises should also strengthen internal management to avoid the recurrence of late payment fees.
To sum up:
When an enterprise pays the overdue fine for enterprise income tax in the previous year, it needs to confirm the amount payable to the tax authorities and make corresponding accounting treatment according to accounting regulations. The overdue taxes are treated as current income tax expenses, and the late payment fees are treated as non-operating expenses. Enterprises should ensure the accuracy and integrity of accounting information and strengthen tax declaration and compliance.
Legal basis:
People's Republic of China (PRC) tax collection management law
Article 32 provides that:
If the taxpayer fails to pay the tax within the prescribed time limit, and the withholding agent fails to pay the tax within the prescribed time limit, the tax authorities shall, in addition to ordering him to pay the tax within the prescribed time limit, impose a late fee of 0.5% of the overdue tax on a daily basis from the date when the tax is overdue.
People's Republic of China (PRC) enterprise income tax law
Article 48 provides that:
The tax authorities shall make tax adjustments in accordance with the provisions of laws and administrative regulations, and if it is necessary to refund the tax, it shall refund the tax in accordance with the provisions of the State Council and charge interest; If it is necessary to impose a fine, it shall be implemented in accordance with the relevant provisions of the Tax Administration Law.