If the goods purchased by the enterprise have abnormal losses (non-operating losses) and the purchased goods are used for other purposes (such as non-taxable items, collective welfare or personal consumption, etc.). ), the input tax is allowed to be deducted. Tax payable? VAT payable (transfer-out input tax)? The subjects transferred to related subjects shall not be deducted. Then how to make accounting entries for the transfer of input tax when an enterprise purchases goods for collective welfare?
According to Article 10 of the Provisional Regulations on Value-added Tax, the input tax amount of the following items shall not be deducted from the output tax amount: purchased goods or taxable services for non-VAT taxable items, collective welfare or personal consumption for tax-free items;
Article 2 of State Taxation Administration of The People's Republic of China's Notice on Handling Income Tax on Assets Disposed by Enterprises (Guo [2008] No.828) stipulates that under the following circumstances, if an enterprise transfers assets to others and the ownership of the assets changes, it shall be regarded as sales income, and if it belongs to assets purchased, the sales income may be determined according to the price at the time of purchase. Used for employee rewards or benefits.
According to the above provisions, the value-added tax shall not be deducted from the input tax when the goods are purchased for the welfare of employees. Accounting treatment:
(1) At the time of purchase
Borrow: inventory goods
Taxes payable (VAT payable-input tax)
Loans: bank deposits, etc.
(2) When in use
Debit: payable to employees.
Loans: Goods in stock
Taxes payable (VAT payable-transfer-out input tax)
If an enterprise has abnormal losses in purchasing goods and changes the use of the purchased goods, the input tax can be deducted by? Tax payable? VAT payable (transfer-out input tax)? The subjects transferred to related subjects shall not be deducted. Then how to make accounting entries for the transfer of input tax when an enterprise purchases goods for collective welfare?
According to Article 10 of the Provisional Regulations on Value-added Tax, the input tax amount of the following items shall not be deducted from the output tax amount: purchased goods or taxable services for non-VAT taxable items, collective welfare or personal consumption for tax-free items;
Article 2 of State Taxation Administration of The People's Republic of China's Notice on Handling Income Tax on Assets Disposed by Enterprises (Guo [2008] No.828) stipulates that under the following circumstances, if an enterprise transfers assets to others and the ownership of the assets changes, it shall be regarded as sales income, and if it belongs to assets purchased, the sales income may be determined according to the price at the time of purchase. Used for employee rewards or benefits.
According to the above provisions, the value-added tax shall not be deducted from the input tax when the goods are purchased for the welfare of employees. Accounting treatment:
(1) At the time of purchase
Borrow: inventory goods
Taxes payable (VAT payable-input tax)
Loans: bank deposits, etc.
(2) When in use
Debit: payable to employees.
Loans: Goods in stock
Taxes payable (VAT payable-transfer-out input tax)
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