1. In actual work, in order to reduce the tax burden, materials that are not taxed are often purchased and sold, and the final value-added tax payable according to the external account is inconsistent with the internal account accounting. In addition, the management of the company or the boss who does not understand the value-added tax processing business can't read the financial statements, which makes the accountant have to use the simple calculation method of income and expenditure to make the so-called "internal account" for the boss;
2. Therefore, it is suggested that when the internal accounts are processed, whether tax is included or not, all the inputs are included in the procurement cost, and all the outputs are included in the income, and there is no VAT payable account.
3. At the end of the month, the value-added tax, business tax and additional expenses payable according to the external accounts should be included in the cost expenses.
How to make entries for small-scale taxpayers exempt from VAT 1, when business happens:
Debit: bank deposits (cash, accounts receivable)
Loan: income from main business
Taxes payable-VAT payable
2. When carrying forward at the end of the month (quarter):
Borrow: Taxes payable-VAT payable
Loan: non-operating income-tax relief
How do small-scale taxpayers pay the value-added tax? The value-added tax of small-scale taxpayers is paid according to the collection rate, which is 6% for industrial enterprises and 4% for commercial enterprises. Sales excluding tax = sales /( 1+6% or 4%) VAT payable = sales excluding tax * collection rate.
How to make an account of VAT relief for small-scale VAT taxpayers? Debit the tax payable-VAT payable-tax relief, and credit the non-operating income.
Small and micro enterprises shall calculate the value-added tax payable in accordance with the provisions of the tax law when obtaining sales income, and confirm that it is the tax payable. When the conditions for exemption from value-added tax stipulated in the Notice are met, the relevant value-added tax payable shall be transferred to the current non-operating income.
For small-scale taxpayers, how to make accounts and wage entries for VAT? Ask small-scale taxpayers to exempt their income below 20,000 from VAT, so there are two possibilities for your VAT:
1, income less than 20,000 yuan, such as income 10000, the accounting entries are as follows.
Debit: bank deposit 10000
Loan: income from main business is 9708.74 (10000/(1+3%)).
Taxes payable-VAT reduced by 291.26 (10000-10000/(1+3%))
Debit: Taxes payable-VAT reduction 29 1.26
Loan: non-operating income 29 1.26
2. If the income is more than 20,000 yuan, such as income 100000, the accounting entries are as follows.
Debit: bank deposit 100000
Loan: income from main business is 97087.40 (100000/(1+3%)).
Taxes payable-VAT payable 2912.60 (100000-100000/(1+3%))
How do small-scale taxpayers pay value-added tax 1 when they import domestic sales? Small-scale taxpayers are not eligible for VAT invoice deduction, so the value-added tax in the import link cannot be deducted, and all tariffs and value-added tax are incorporated into the cost of goods.
2. In case of duty exemption, one is to have an import duty-free form, and the other is that the goods enter the bonded processing zone and do not enter the domestic customs clearance.
3. The returned factory must be qualified as a general taxpayer, otherwise it is not allowed.
Value-added tax of small-scale taxpayers 1, legal conventions and international conventions, value-added tax is an extra-price tax, so you must multiply the tax rate by the amount excluding tax when calculating. There is no reason, just like why the red light stops and the green light can pass-regulations. If you want to investigate why the law stipulates that value-added tax must be multiplied by the tax rate without tax, I personally think it is meaningless, because it is just like you want to investigate why XX sets are tax-free for family planning policy.
2. This is a mathematical formula, which should be VAT = sales excluding tax * tax rate (this is stipulated). Therefore, sales including tax = sales excluding tax+VAT = sales excluding tax *( 1+ tax rate).
Therefore, sales excluding tax = sales including tax /( 1+ tax rate)
Primary school multiplication and division. 2=6/3 because 6=2*3.
Taxation is not like accounting, accounting tells why and why. Taxation basically depends on regulations. There are regulations according to regulations, but there are no regulations according to conventions.
After the reform of the camp, it is a small-scale taxpayer's VAT entry. How to do it when purchasing materials and goods,
Borrow: raw materials, etc
Loan: bank deposit
At the time of sale,
Debit: accounts receivable, etc.
Loan: income from main business
Taxes payable-VAT payable (main business income *3%)
There is no need to make provision at the end of the month. When paying taxes the next month,
Borrow: Taxes payable-VAT payable
Loan: bank deposit
How to account for the value-added tax reduced or exempted by small-scale taxpayers: taxes payable-value-added tax payable (tax reduction or exemption)
Loan: non-operating income