Output refers to the tax payable or taxable tax when selling goods, and output tax is the value-added tax charged to the buyer by ordinary taxpayers when selling goods;
Both input and output are related to value-added tax. The so-called input tax and output tax refer to input tax and output tax of value-added tax. In the calculation of an enterprise, the VAT payable is the output tax after deducting the input tax. Therefore, the input tax amount is directly related to the tax amount.
The confirmation and accounting treatment of input tax is as follows: When the seller sells goods or provides taxable services, it means buying goods or accepting taxable services for the buyer or transferee, and the output tax collected by the seller is the input tax paid by the buyer. However, not all the input tax paid by the buyer can be deducted from the output tax, only the value-added tax indicated on the value-added tax deduction certificate. Therefore, the confirmation of input tax should be based on obtaining the VAT deduction certificate.
The confirmation and accounting treatment of the output tax are as follows: Since the output tax is calculated according to the sales volume and the prescribed tax rate, the confirmation of the output tax belongs to the confirmation of the sales volume, and the general principle is the day when the sales volume is obtained or the sales volume acquisition certificate is obtained.
Input tax refers to the value-added tax paid or borne by taxpayers when they purchase goods or accept taxable services.
Output tax refers to the value-added tax that taxpayers sell goods or provide taxable services, which is calculated according to the sales amount and the applicable tax rate and charged to the buyer. Value-added tax generated, paid or borne.
Calculation formula of output tax and input tax: current taxable amount = current output tax-current input tax, current output tax = sales (excluding tax) × tax rate, and input tax = purchase price of purchased goods or taxable services × tax rate.
The input tax that cannot be deducted from the output tax refers to the input value-added tax that should not be deducted from the output value-added tax when calculating the taxable amount after the enterprise purchases raw and auxiliary materials and sells products in the process of production and operation.
What is input tax transfer-out?
Transfer-out of input tax means that when the goods purchased by the enterprise suffer heavy losses and the goods are changed for use, the tax bureau will not allow the debit that has been recorded in the subject of "tax payable-value-added tax payable-input tax" to be deducted.
By debiting related accounts, the account of "Taxes payable-VAT payable-Input tax transfer-out" is credited, and the credit amount of the account of "Taxes payable" is increased, so that the deduction is not allowed.
I hope the above content can help you. If in doubt, please consult a professional lawyer.
Legal basis:
Article 4 of the Provisional Regulations of People's Republic of China (PRC) on Value-added Tax.
Except as provided in Article 11 of these Regulations, the taxable amount of taxpayers selling goods, labor services, services, intangible assets and real estate (hereinafter referred to as taxable sales) is the balance of the current output tax after deducting the current input tax. Calculation formula of tax payable:
Taxable amount = current output tax-current input tax
When the current output tax is less than the current input tax, the insufficient part can be carried forward to the next period for further deduction.
Article 5 Where a taxpayer conducts taxable sales, the value-added tax shall be calculated and collected according to the sales amount and the tax rate stipulated in Article 2 of these Regulations, which is the output tax. Output tax calculation formula:
Output tax = sales × tax rate
Article 6 Sales amount refers to the total price and other expenses collected by taxpayers in taxable sales activities, but does not include the output tax collected.
Sales are calculated in RMB. Taxpayers who settle their sales in currencies other than RMB shall convert them into RMB for settlement.
Article 10 of the Provisional Regulations of People's Republic of China (PRC) on Value-added Tax and Article 21 of the Detailed Rules for the Implementation of the Provisional Regulations of the People's Republic of China on Value-added Tax.
Fixed assets, intangible assets and real estate purchased by taxpayers are either fully deductible or cannot be deducted.