The accounting treatment of import VAT is as follows:

1. When the VAT cannot be deducted, all taxes should be included in the total cost of purchase; debit: inventory goods (including Value-added tax and tariffs); Credit: Bank deposit (total invoice payment amount)

2. For other free import and export goods, tariffs and value-added tax are levied based on the domestic value assessed by the customs; Credit: Inventory goods; Credit : Bank deposit

3. Import duties are included in the cost of purchased goods, and value-added tax is included in the input tax; debit: inventory goods (purchase price plus tariffs); debit: taxes payable - value-added tax payable (Input tax); credit: bank deposit.

Accounting treatment of value-added tax:

1. Calculation of value-added tax: Calculate the amount of value-added tax payable based on the duty-paid price of imported goods and the applicable tax rate;

2. Recording of value-added tax: Record the calculated value-added tax into the relevant value-added tax account;

3. Deduction of value-added tax: If the enterprise is a general taxpayer, the amount paid in the import process can be The value-added tax is deducted as input tax;

4. Declaration and payment of value-added tax: Within the specified period, the balance after deducting the deductible input tax from the tax payable shall be declared and paid to tax authorities.

To sum up, the accounting treatment of import VAT involves including non-deductible taxes into the total cost, taxing duty-free goods according to the assessed value, and including tariffs into the cost of goods and value-added. The tax is included in the input tax amount, which is specifically reflected in the debit increase in the inventory commodity account, and the corresponding credit increase in the bank deposit or tax payable account to ensure that the tax is correctly reflected in the accounting treatment.

Legal basis:

"Announcement of the State Administration of Taxation on Management of Value-Added Tax Invoices and Other Related Matters"

Article 2

Value Added If a general taxpayer of VAT needs to declare a tax deduction or export tax refund after obtaining a special payment note for import VAT from the customs (hereinafter referred to as the "Customs payment note"), it shall be handled in the following manner: (1) A general taxpayer of VAT shall obtain a special payment note for import VAT (hereinafter referred to as the "Customs payment note"). For a customs payment document with information on a paying unit, one should log in to the province (region, city) VAT invoice selection and confirmation platform (hereinafter referred to as the "selection and confirmation platform") to query and select the customs payment document used to declare deductions or export tax refunds. information. If the customs payment note information queried through the selection confirmation platform is inconsistent with the actual situation or the corresponding information is not found, the customs payment note information should be uploaded. After the system audits and compares the information, the taxpayer can log in to the selection confirmation platform to query and choose to use Information on customs payment documents used to declare tax deductions or export tax refunds. (2) When a general taxpayer of value-added tax obtains a customs payment note indicating the information of two payment units, he shall upload the customs payment note information. After the system audits and compares the information, the taxpayer logs in to the selection confirmation platform to query and select the application. Customs payment note information for claiming tax deduction or export tax refund.