According to the current accounting system, the tax exemption accounting of production enterprises mainly involves such subjects as "tax payable-VAT payable" and "subsidy receivable-export tax rebate". Its accounting treatment is as follows:

(1) When goods are exported and revenue is confirmed, the following accounting treatment shall be carried out according to export sales (FOB):

Debit: accounts receivable (or bank deposits, etc.). )

Loan: main business income (or other business income, etc. )

(2) At the end of the month, according to the "tax exemption, credit and non-tax exemption" calculated in the summary declaration form of tax exemption and refund, the following accounting treatment shall be made:

Debit: main business cost

Credit: Taxes payable-VAT payable (transfer-out input tax)

(3) At the end of the month, according to the "tax refund amount" calculated in the summary declaration form of tax exemption and refund, do the following accounting treatment:

Borrow: Subsidies Receivable-Export Tax Refund

Loan: Taxes payable-VAT payable (export tax rebate)

(4) At the end of the month, according to the "tax allowance" calculated in the "tax allowance summary declaration form", do the following accounting treatment:

Borrow: tax payable-value-added tax payable (export deducted from domestic tax payable)

Loan: Taxes payable-VAT payable (export tax rebate)

(5) When receiving the export tax rebate, do the following accounting treatment:

Debit: bank deposit

Loans: Subsidies Receivable-Export Tax Refund

For the freight, insurance and commission allowed to be deducted by the accounting system, if the actual settlement is different from the original estimated amount, it can be adjusted in the settlement month.

If it is found that there are errors in the data declared by the enterprise, the original declared data cannot be adjusted directly, but the red and blue word adjustment method should be adopted in the next month.

If the export tax rebate declaration is inconsistent with the value-added tax declaration, and there are differences, the account must be adjusted in the next period, and the value-added tax declaration form should be adjusted accordingly.

Due to the above reasons, it is necessary to adjust the accounts, and the accounting treatment is as follows:

(A) the adjustment of export sales revenue this year

(1) If the export sales revenue is wrong due to over-reporting or under-reporting in the previous period or using the wrong exchange rate, the following accounting treatment shall be carried out in the current period when it is discovered:

Amount adjusted according to sales revenue:

Debit: accounts receivable (or bank deposits, etc.) (those with less income in the previous period are blue, and those with more income in the previous period are red)

Loan: income from main business (blue means under-reported income in the previous period, and red means over-reported income in the previous period)

(2) If the freight, insurance and commission allowed to be deducted according to the accounting system are different from the original estimated amount, the following accounting treatment shall be carried out in this period:

Amount adjusted according to sales revenue:

Debit: other payables (or bank deposits) (blue or red)

Loan: main business income (blue or red)

When column 2c of the Summary Report of Exemption, Refund and Tax Refund for Export Goods of Production Enterprises in the previous period is not equal to 0, the following accounting treatment shall be carried out in this period:

According to the sales volume of export goods (the difference from the VAT tax declaration):

Debit: accounts receivable (or bank deposits) (blue when it is greater than 0, and red when it is less than 0).

Creditor: main business income (greater than 0 is in blue, less than 0 is in red)

Precautions:

(1) When the above account is adjusted at the same time, it should be adjusted in the Export Tax Refund Reporting System. The adjustment method is to enter an adjustment record (positive or negative) in the export schedule.

(2) For the sales revenue that has been adjusted in the Export Tax Refund Reporting System, because the reporting system has included the adjustment data when calculating the tax exemption and credit, the main business cost can be adjusted independently without multiplying the sales revenue by the difference between the tax credit and tax refund, but the tax exemption and credit calculated in summary will be carried forward to the main business cost at the end of the month.

(2) Adjustment of export tax rate and tax rebate rate this year.

For the tax rate and tax refund rate of over-reporting or under-reporting in the previous period, the red and blue word adjustment method should be adopted in the "Export Tax Refund Declaration System". According to the summary calculation of the reporting system, tax exemption and tax deduction are not allowed, tax exemption and tax deduction amount, tax refund amount and tax exemption and tax deduction amount should be recorded at the end of the month, and there is no need to separately account for the adjustment data.

(3) Adjustment of export sales revenue in the previous year

(1) If the export was overstated or underreported in the previous year, or the export sales revenue was wrong due to the wrong exchange rate, the following accounting treatment shall be carried out in the current period:

Amount adjusted according to sales revenue:

Debit: accounts receivable (or bank deposits, etc.) (those with less income in the previous period are blue, and those with more income in the previous period are red)

Creditor: adjustment of profit and loss of previous years (blue for those who underreported previous income and red for those who overstated previous income)

According to the difference between the sales revenue adjustment amount multiplied by the tax refund rate:

Debit: adjustment of previous year's profit and loss (blue indicates under-reported income in previous period, and red indicates over-reported income in previous period).

Credit: tax payable-value-added tax payable (input tax transferred out) (blue for those who reported less income in the previous period and red for those who reported more income in the previous period)

According to the sales revenue adjustment amount multiplied by the tax rebate rate:

Borrow: Taxes payable-VAT payable (export is deducted from domestic taxes payable) (blue words, red words for those who underreported income in the previous period)

Loan: tax payable-value-added tax payable (export tax rebate) (blue for those who reported less income in the previous period and red for those who reported more income in the previous period)

(2) If the freight, insurance and commission allowed to be deducted according to the accounting system are different from the original estimated amount (last year), the following accounting treatment shall be carried out in this period:

Amount adjusted according to sales revenue:

Debit: other payables (or bank deposits) (blue or red)

Credit: profit and loss adjustment of previous years (blue or red)

According to the difference between the sales revenue adjustment amount multiplied by the tax refund rate:

Debit: adjustment of previous year's profit and loss (blue indicates under-reported income in previous period, and red indicates over-reported income in previous period).

Credit: tax payable-value-added tax payable (input tax transferred out) (blue for those who reported less income in the previous period and red for those who reported more income in the previous period)

According to the sales revenue adjustment amount multiplied by the tax rebate rate:

Borrow: Taxes payable-VAT payable (export is deducted from domestic taxes payable) (blue words, red words for those who underreported income in the previous period)

Loan: Taxes payable-Value-added tax payable (export tax rebate) (blue for those who reported less income in the previous period and red for those who reported more income in the previous period)

(3) When column 2c in the summary table of tax exemption and refund declaration for export goods of production enterprises in February of last year is not equal to 0, the following accounting treatment shall be carried out in June of this year:

According to the sales volume of export goods (the difference from the VAT tax declaration):

Debit: accounts receivable (or bank deposits) (blue when it is greater than 0, and red when it is less than 0).

Credit: adjustment of profit and loss in previous years (those greater than 0 are indicated in blue, and those less than 0 are indicated in red).

Precautions:

(1) Under the above circumstances, only the account is adjusted, and the data of the Export Tax Refund Reporting System is not adjusted.

(2) Pay attention to the fact that when filling in the VAT taxpayer's declaration form (Table 2), the "transferred-out input tax amount" adjusted last year should not be mixed with the "exemption, tax refund and deduction tax amount" of export goods this year, and should be reflected separately.

(3) When "Non-deductible tax" is entered in the "Entry of VAT declaration items" in the "Export Tax Refund Declaration System", only the "Non-deductible tax" of export goods in this year is entered, and the "Transfer-out of input tax" adjusted last year is not considered.

(four) the adjustment of the tax rate and tax rebate rate of export goods in the previous year.

If the tax rate and tax rebate rate of export goods in the previous year were overstated or understated, the following accounting treatment should be carried out in this period:

Adjust the amount according to the difference between sales revenue and tax rate:

Debit: adjustment of profit and loss in previous years (blue or red)

Credit: Taxes payable-VAT payable (transfer-out input tax) (blue or red)

According to the sales revenue multiplied by the tax rebate rate adjustment:

Debit: Taxes payable-VAT payable (export tax deducted for domestic sales) (blue or red)

Loan: Taxes payable-VAT payable (export tax rebate) (blue or red)

Precautions:

(1) Under the above circumstances, only the account is adjusted, and the data of the Export Tax Refund Reporting System is not adjusted.

(2) Pay attention to the fact that when filling in the VAT taxpayer's declaration form (Table 2), the "transferred-out input tax amount" adjusted last year should not be mixed with the "exemption, tax refund and deduction tax amount" of export goods this year, and should be reflected separately.

(3) When "Non-deductible tax" is entered in the "Entry of VAT declaration items" in the "Export Tax Refund Declaration System", only the "Non-deductible tax" of export goods in this year is entered, and the "Transfer-out of input tax" adjusted last year is not considered.