1, the input tax is transferred out: after the tax department verifies the input tax invoice, the accounting makes the following entries:

Borrow: payable taxes-payable value-added tax-transfer out unpaid value-added tax; Loan: Taxes payable-VAT payable-input tax.

2. The output tax is transferred out: after the tax department enters the sales invoice and verifies the income, the accountant makes the following entries:

Debit: payable taxes-payable value-added tax-output tax; Loan: payable taxes-payable value-added tax-transferred out unpaid value-added tax.

3. Month-end carry-over:

Debit: tax payable-value-added tax payable-transfer out unpaid value-added tax (red number if input tax is greater than output tax); Credit: tax payable-unpaid value-added tax (red number if input tax is greater than output tax)

How to calculate and declare the tax payable of enterprises?

1. Tax payable:

The calculation formula is: tax payable = current output tax-current input tax.

Output tax = sales × tax rate

Sales = sales including tax ÷( 1+ tax rate)

Output tax: refers to the value-added tax calculated according to the sales volume and value-added tax rate when taxpayers provide taxable services.

Input tax: refers to the value-added tax paid or borne by taxpayers when they purchase goods or accept processing, repair and replacement services and taxable services.

2. Tax declaration:

The time of VAT tax declaration is related to the tax payment period approved by the competent tax authorities.

The tax payment period of VAT is 1 day, 3rd, 5th, 1 day,15th,1month or a quarter respectively.

Taxpayers who take 1 month or 1 quarter as a tax period shall file tax returns within 15 days from the expiration date; For taxpayers whose tax payment period is 1 day, 3rd, 5th, 10 or 15, the tax shall be paid in advance within 5 days from the expiration date, and the tax payable in the last month shall be declared and settled on 1 5th of the following month. A quarterly tax payment period is stipulated.

Fixed businesses of value-added tax declare and pay taxes to the local tax authorities, while non-fixed businesses of value-added tax declare and pay taxes to the local tax authorities.

How to deal with the transfer-out accounting entries of input and output tax? On the whole, if the input tax and output tax of an enterprise need to be transferred out, then the accounting entries can be processed by transferring out the unpaid VAT and the payable input tax under the payable tax. There are still many related materials to learn on this website. You are welcome to search on this website. There are many professional accounting teachers to guide you.