1. Tax:
National Tax: General Taxpayer Time:: VAT-= Output Tax-Input Tax
Output tax = sales/1.17 * 0.17)
Input tax = input tax conforms to certified value-added tax-
Enterprise income tax: 25% of declared profits. And quotas.
Local tax: urban construction tax-VAT *0.05 (county level)
-VAT *0.07 (above county level)
Education Surcharge-VAT *0.03
Local education surcharge-VAT *0.02
Water conservancy fund:-VAT * 0.05438+0
Stamp duty: sales excluding tax *3/ 10000* the proportion approved by the tax bureau.
2. Accounting treatment:
Value-added tax for taxpayers of general scale:
Output items;
Debit: cash, bank deposit, accounts receivable (including tax)
Income from main business of loan
Tax payable on loan-VAT payable-output (excluding tax sales revenue *0. 17)
Input: Debit: raw materials, inventory goods, fixed assets, management fees and other subjects.
Borrow: Taxes payable-VAT payable-input
Loan: bank, cash, accounts payable and other subjects.
Value-added tax payable by taxpayers of general scale = output tax-input tax
When supplementary tax is accrued:
Borrowing main business taxes and surcharges
Taxes payable on loans-urban construction tax (VAT x7%, county 5%)
-Education surcharge (VAT x3%)
-Local education surcharge (VAT x2%)
Borrow: management fee-water conservancy construction fund
Loan: Taxes payable-Water Conservancy Construction Fund (VAT x 1%)
Borrow: management fee-stamp duty
Loan: tax payable-stamp duty (sales income x0.03%* proportion approved by the tax bureau)
)
Borrowing for tax payment-VAT
-Urban construction tax
-education surcharge
-Local education surcharge
-Water conservancy construction fund
-Stamp duty
Credit: cash on hand/bank deposit.