What to do if there is a loss under the approved collection method
Losses should be reported truthfully. Under the approved collection method, even if the enterprise loses money, it still needs to divide the income by the taxable income rate and then multiply it by the applicable tax rate For tax payment, submit entries:
Debit: taxes payable - corporate income tax payable
Credit: bank deposits
At the same time
< p>Debit: Income Tax ExpensesDebit: Taxes Payable - Corporate Income Tax Payable
Summary of Frequently Asked Questions on Approval and Collection
1. Approval and Collection Enterprises , do I need to set up accounts?
According to Article 22 of the "Implementing Rules of the Tax Collection and Management Law of the People's Republic of China": Taxpayers engaged in production and operation shall obtain a business license or pay taxes themselves Within 15 days from the date of obligation, account books shall be set up in accordance with relevant national regulations.
You may have said that I do not have the ability to establish accounts and the scale is too small. Article 23 of the "Details" adds: Production and operation Small-scale taxpayers who do not have the ability to establish accounts can hire professional institutions or accounting personnel approved to engage in accounting agency bookkeeping business to establish accounts and handle accounts on their behalf.
2. Enterprises that have approved collection can Is the entry of IOUs into the account used as a voucher?
1. Audit collection and verification collection are two methods of income tax collection. Which collection method an enterprise adopts is determined by the tax bureau in charge of the unit.
2. Bookkeeping is the setting of accounting subjects and accounting in accordance with the provisions of the accounting system. Therefore, no matter which income tax collection method the unit adopts, accounting must be done.
3. For units with audit collection methods Generally speaking, costs and expenses recorded using receipts and memos cannot be deducted before tax, and tax adjustments must be made when the income tax is settled at the end of the year. However, there is no problem of pre-tax deduction of costs and expenses in the approved collection method, because it is calculated and paid based on income. Income tax.
4. No matter which collection method is used, the tax bureau has the right to audit the enterprise's accounts.
3. The tax payable calculated based on accounting profits is greater than the assessed tax amount. Should I pay tax?
1. The tax payable calculated from accounting profits is greater than the assessed tax amount, or should it be levied as assessed?
2. The taxpayer's main business of production and operation has undergone major changes or If the taxable income or the amount of income tax payable increases or decreases by 20%, an adjustment to the determined taxable amount or taxable income rate should be reported to the tax authorities in a timely manner.
3. Use the taxable income rate. If the corporate income tax is assessed and levied by the method, the amount of income tax payable shall be calculated based on the assessed taxable income multiplied by the applicable tax rate. After the end of the year, tax returns shall be made to the tax authorities based on the actual business volume or actual tax payable. The declared amount exceeds the assessed business volume or tax payable. If the declared amount is lower than the approved business amount or the tax payable, the tax will be paid based on the approved business amount or the tax payable.
IV. Our company collects taxes based on the approved amount. Can small and low-profit enterprises enjoy the preferential policy of halving tax collection?
Announcement of the State Administration of Taxation on issues related to the implementation of inclusive income tax reduction and exemption policies for small and low-profit enterprises
Announcement of the State Administration of Taxation 2019 No. 2 of the year
1. From January 1, 2019 to December 31, 2021, the annual taxable income of small and low-profit enterprises does not exceed 1 million yuan, and the tax rate is reduced by 25%. If the annual taxable income exceeds 1 million yuan but does not exceed 3 million yuan, a reduced rate of 50% is included in the taxable income, and the corporate income tax is paid at a tax rate of 20%. Pay corporate income tax.
Small and low-profit (Xu 132) enterprises can enjoy the above preferential policies regardless of whether they pay corporate income tax (0623) according to the audit collection (3401) method or the approved collection method.
Some places can apply for approved individual tax collection of 0.5%-2.1%, with a comprehensive tax rate not exceeding 5%.
5. Do companies that are approved for collection also need to file annual corporate income tax returns?
Notice of the State Administration of Taxation on Issuing the "Administrative Measures for the Settlement and Settlement of Enterprise Income Tax"
Guo Shui Fa [2009] No. 79
Article 3 Anyone who engages in production or business during the tax year ( Taxpayers (including trial production and trial operation), or taxpayers who terminate their business activities in the middle of the tax year, regardless of whether they are in the period of tax reduction or tax exemption, and regardless of profits or losses, shall comply with the relevant provisions of the Enterprise Income Tax Law and its Implementing Regulations and these Measures. Regulation
Perform final settlement of corporate income tax.
Taxpayers who collect corporate income tax at a fixed amount will not make final settlement.
Go here first for answers about what to do if there is a loss in the approved collection method. , some financial officers want to make up for the loss after the company has incurred a loss, reminding them that it cannot be made up, which is very different from the audit and collection method. Since the company has already suffered a loss, it should complete the declaration and tax payment according to the actual situation. Wait, losses must be reported and paid corporate income tax.