Debit: accounts receivable (or bank deposits, etc.). ),
Loan: main business income (or other business income, etc. ).
At the end of the month, according to the tax exemption and deduction calculated in the summary report of tax exemption and tax refund, the following accounting treatment is made:
Borrow: main business cost,
Loan: taxes payable and value-added tax payable (input tax transferred out).
At the end of the month, according to the "tax refund amount" calculated in the "tax exemption and refund summary declaration form", the following accounting treatment is made:
Debit: other receivables-subsidies receivable,
Loan: taxes payable and value-added tax payable (export tax rebate).
At the end of the month, according to the tax allowance calculated in the summary table of tax exemption and tax refund, the following accounting treatment is made:
Borrow: tax payable, value-added tax payable (export is deducted from tax payable for domestic products),
Loan: The tax payable is VAT (export tax rebate).
When receiving the export tax rebate, do the following accounting treatment:
Debit: bank deposit,
Loans: other receivables-subsidies receivable.
To which account is the export tax rebate refunded?
Export tax rebates are generally returned to the foreign exchange accounts of overseas customers. Export tax rebate means that export enterprises can apply to the tax authorities for exporting goods and services, and enjoy an appropriate export tax rebate system on the premise of legal settlement, thus improving the economic benefits of export enterprises. After the successful application for export tax refund, the tax authorities will refund the tax to the foreign exchange account of overseas customers according to the accuracy and completeness of the application materials and relevant regulations.