Answer: Enterprises donate by bank transfer or cash, and the expenses incurred are directly included in the "non-operating expenses" subject.
Case 1 Enterprise A donated to Wuhan by bank transfer through a non-profit organization 1 10,000 yuan. Accounting treatment is as follows: (unit: 10,000 yuan)
Borrow: non-operating expenses-donation expenses 100.
Loan: bank deposit 100.
Two, donated materials are exempt from value-added tax.
In order to encourage enterprises to donate to the epidemic situation in novel coronavirus, State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) stipulates that units and individual industrial and commercial households that donate goods produced, processed or purchased by them through public welfare social organizations, people's governments at or above the county level and their departments and other state organs, or directly to hospitals undertaking epidemic prevention and control tasks are exempt from value-added tax, consumption tax, urban maintenance and construction tax, education surcharge and local education surcharge. Therefore, enterprises need to carry forward the input tax of materials when dealing with accounts.
Case 2 Enterprise B donated masks and disinfectant to Wuhan through a non-profit organization, totaling 6,543.8+0.2 million yuan, with a book cost of 900,000 yuan and an input tax of 6,543.8+0,654.38+0.7 million yuan. Accounting treatment is as follows: (unit: 10,000 yuan)
Debit: non-operating expenses 10 1.7
Credit: 90 pieces in stock
Taxes payable-VAT payable (input and output) 1 1.7
Three, donated materials are not exempt from value-added tax.
Unless there are special preferential policies during the epidemic, donated materials can be exempted from value-added tax. According to the provisions of the tax law, if a unit or individual industrial and commercial household gives goods produced, processed or purchased by itself to other units or individuals free of charge, it shall be deemed as selling goods. Enterprises that donate self-produced goods shall pay value-added tax as sales. If the goods are purchased by donation, the input tax at the time of purchase can be deducted.
Case 3 Enterprise C donated its desk worth 500,000 yuan to Pipi Hope Primary School through a non-profit organization, and the output tax was 65,000 yuan. The accounting treatment is as follows: (unit: 10,000 yuan)
Debit: non-operating expenses-donation expenses 56.5
Credit: Goods in stock 50
Taxes payable-VAT payable-Output tax 6.5
It is worth noting that while giving love, enterprises should also pay attention to the way of donation. Donations must be made through non-profit social organizations or state organs recognized by the tax bureau, otherwise the donations shall not be deducted before the enterprise income tax.
How to determine the actual cost of donated materials?
(1) If the donor provides relevant documents (such as invoices, customs declarations, relevant agreements, etc.), the actual expenses shall be the amount indicated on the documents plus relevant taxes payable.
(2) If the donor cannot provide relevant vouchers, the actual cost shall be determined in the following order:
① If there is an active market for the same or similar inventory, the amount estimated according to the market price of the same or similar inventory, plus the relevant taxes and fees payable, shall be regarded as the actual cost;
② If there is no active market for the same or similar inventory, the actual cost shall be the present value of the estimated future cash flow of the donated inventory.
How do enterprises keep accounts for donated materials for free? No matter what kind of donation, it is an extra-business expense for enterprises. If the effective donation is a product during the epidemic period, it is also a policy of exempting all kinds of taxes and fees and rewarding the country's enjoyment. There are references in the data that I don't know how to deduct.