1。 If the company takes out the money to reward the tax collectors in the finance department, it should debit the payable employee compensation account and credit the tax refund account;
2. If an enterprise retains individual tax expenses, it shall debit other receivables and credit other income-individual tax expenses and taxes payable-value-added tax payable-output tax account;
3. It should be noted that when it comes to individual taxes, it is also necessary to confirm the accounting treatment of individual taxes.
Accounting Treatment of Tax Refund for Enterprises Implementing Accounting Standards for Small Enterprises;
1. When receiving the refund: debit: bank deposit, loan: other business income (non-business income), tax payable-VAT payable (output tax)/tax payable-VAT payable;
2. If the enterprise receives the money to reward employees, it will borrow from other business expenses (management expenses), from the salary payable to employees, from the salary payable to employees, and from bank deposits.
Accounting Treatment of Tax Refund for Enterprises Implementing Accounting Standards for Enterprises;
1. When receiving the refund: debit: bank deposit, loan: other income, tax payable-VAT payable (output tax)/tax payable-VAT payable;
2. If the enterprise receives this money to reward employees, it will borrow: management fees, etc. Debit: Payable to employees; Debit: Payable to employees; Debit: Bank deposit.
To sum up, tax refund means that enterprises can get cash back fees from tax authorities at the rate of 2% when withholding and remitting employee taxes.
Legal basis:
Article 6 of the Individual Income Tax Law of People's Republic of China (PRC)
Calculation of taxable income:
(1) For the comprehensive income of individual residents, the taxable income shall be the income after deducting expenses of 60,000 yuan, special additional deductions and other deductions determined according to law.
(2) For the income from wages and salaries of non-resident individuals, the taxable income shall be the balance of monthly income after deducting expenses of 5,000 yuan; Income from remuneration for labor services, remuneration for manuscripts and royalties shall be taxed.
(3) For operating income, the taxable income shall be the balance of the total income in each tax year after deducting costs, expenses and losses.
(four) if the income from property leasing does not exceed 4,000 yuan each time, the 800 yuan shall be deducted; If it exceeds 4,000 yuan, 20% of the expenses will be deducted, and the balance will be taxable income.
(5) For the income from property transfer, the taxable income shall be the balance after deducting the original value of the property and reasonable expenses from the income from property transfer.
(6) Interest, dividends, bonus income and contingent income shall be limited to the taxable income each time.