How does the company pay the water fee?
1. When the enterprise is a general taxpayer and pays water charges related to non-main business, the entries are as follows:
Debit: management fee-water fee
Taxes payable-VAT payable (input tax)
Loans: bank deposits
2. When the enterprise is a small-scale taxpayer and pays the water fee related to non-main business, the entries are as follows:
Debit: management fee-water fee
Loans: bank deposits
3. The water fee paid by the enterprise is related to the main business and should be recorded in the corresponding subjects according to the product status of the fee. Take the water charges of products produced by general taxpayers and other industrial enterprises as an example, and make the following entries:
Debit: manufacturing cost-water fee (water fee attributed to product production)
Management fee-water fee (belonging to management department)
Taxes payable-VAT payable (input tax)
Loans: bank deposits
Management expenses include: salary, employee welfare expenses, business entertainment expenses, post and telecommunications expenses, travel expenses, directors' membership fees, office expenses, automobile expenses, amortization of low-value consumables, amortization of intangible assets, start-up expenses, labor insurance expenses, transportation and miscellaneous expenses, trade union funds, depreciation expenses of fixed assets, research and development expenses, technology transfer fees, technical service fees, taxes and fees, employee education fees, repair fees, etc.
What is the VAT rate of public utilities?
1, and the value-added tax rate for electricity is17%;
2. Since July of 20 17 and 1 year, the VAT rate of tap water has decreased from 13% to1%.
According to Article 2 of the Provisional Regulations on Value-added Tax in People's Republic of China (PRC), the value-added tax rate is:
(1) Unless otherwise specified in items 2, 4 and 5 of this article, the tax rate of taxpayers selling goods, services, tangible movable property leasing services or imported goods is 17%.
(2) Taxpayers sell transportation, postal services, basic telecommunications, construction and real estate leasing services, sell real estate, transfer land use rights, and sell or import the following goods at the tax rate of 1 1%:
1. Agricultural products such as grain, edible vegetable oil and edible salt;
2 residents tap water, heating, air conditioning, hot water, gas, liquefied petroleum gas, natural gas, dimethyl ether, biogas, coal products;
3 books, newspapers, magazines, audio-visual products and electronic publications;
4. Feeds, fertilizers, pesticides, agricultural machinery and plastic films;
5. Other goods specified by the State Council.
(3) Unless otherwise stipulated in Items 1, 2 and 5 of this article, the tax rate for taxpayers selling labor services and intangible assets is 6%.
(4) taxpayers export goods at zero tax rate; However, unless otherwise stipulated by the State Council.
(five) domestic units and individuals cross-border sales of services and intangible assets within the scope of the State Council, the tax rate is zero.
The adjustment of tax rate is decided by the State Council.
According to the Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Relevant Policies of Degenerate VAT Rate (Cai Shui [20 1 7] No.37),1. Taxpayers selling or importing the following goods have a tax rate of 1 1%:
Agricultural products (including grain), tap water, heating, liquefied petroleum gas, natural gas, edible vegetable oil, cold air, hot water, gas, coal products for residents, edible salt, agricultural machinery, feed, pesticides, agricultural films, fertilizers, biogas, dimethyl ether, books, newspapers, magazines, audio-visual products and electronic publications.