Accounting And Tax Treatment Of Commercial Discounts

< p > < strong > (1) definition of commercial discount.

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< p > commercial discount, also known as < a href= "http://www.91se91.com/news/index_c.asp" > discount sale < /a >, refers to the actual sale of goods or services, the price list offer a discount after the offer to customers, this discount is called commercial discount.

Commercial discounts are usually expressed in percentage, as indicated in the form of 5% and 10%, and the buyer can only pay according to the percentage of the marked price.

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< p > < strong > (two) accounting treatment rules for commercial discounts.

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< p > according to the rules of enterprise accounting principle No. fourteenth revenue, sales of goods involving commercial discounts should be followed by the amount of merchandise sold after deducting the amount of commercial discount.

In the case of commercial discounts, the amount of enterprise sales receipts should be recognized according to the sales amount after deducting the sales discount. That is, the total sales net shall be credited to the main business revenue after tax deduction, the debtors or bank loans should be debited on the net sales amount, and the tax payable should be credited to the difference between the accounts receivable and the sales revenue of the two products - the value added tax (output tax) should be paid.

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< p > < strong > (three) tax treatment rules for commercial discounts < /strong > < /p >

< p > 1, the State Administration of Taxation's "Notice of certain issues concerning the recognition of enterprise income tax" (tax Letter No. [2008]875).

In order to promote the sale of goods, the price given by the enterprise to the commodity price is deducted from the commercial discount and the commodity sales touch the commercial discount. The amount of sales proceeds should be determined according to the amount deducted from the commercial discount.

For commercial discounts, the current VAT law stipulates that if sales and discounts are separately stated on the same invoice (common invoices or VAT invoices are identical), the value added tax, business tax and enterprise income tax can be calculated as sales volume after the discount as the sales amount; if the discount is to be invoiced separately, no matter how it is handled in the financial sector, no value added tax, business tax and corporate income tax shall be deducted from the sales discount.

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The sales discount < p > 2, < a href= "http://www.91se91.com/news/index_c.asp" > Tax Law < /a > only refers to the condition of sales discount and sales amount indicated in the same invoice.

The reply issued by the State Administration of Taxation to the question of how to deal with the sale discount of a business in respect of income tax is stipulated in the letter No. [1997]472 of the state tax letter: the sales discount of the taxpayer selling the goods to the buyer, if the sales amount and the discount amount are indicated on the same sales invoice, the income tax can be calculated according to the sales amount after deduction; if the discount amount is separately invoiced, the discount amount shall not be deducted from the sales volume.

In addition, on the VAT treatment, the State Administration of Taxation issued a circular on the issuance of the provisions on certain specific issues of VAT (national tax [1993] No. 154th): the tax collector sells goods by discount method. If sales and discounts are separately stated on the same invoice, the value added tax can be levied according to the sales after the discount; if the discount amount is separately invoiced, no matter how it is handled in the finance, no discount can be deducted from the sales volume.

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< p > commercial discount is only limited to the discount of the price of goods. If the seller makes the goods produced or commissioned for processing or purchased for physical discounts, the amount of such goods can not be deducted from the sales volume of the goods, and the object shall be calculated according to the rules of the "regulations on the implementation of the Provisional Regulations on value added tax", "the gratuitous gift to others" in the sale of goods, and the added value shall be included in the taxable income.

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< p > < strong > (four) case analysis < /strong > a href= "http://www.91se91.com/news/index_c.asp" > strong > commercial discount < /strong > /a > strong > accounting and tax treatment.

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< p > example: a supermarket in a city is a general taxpayer enterprise of value added tax, and the value-added tax rate is 17%.

In order to seize business opportunities and increase sales volume, in January 2012, pre holiday promotion activities were launched, and "Dahua brand full fat infant formula" was sold in the "discount sale" mode at the mother and child cabinet section. The sale price was 23.4 yuan / bag (200g), and the cost was 13.5 yuan / bag.

It is stipulated that during the promotion period, consumers who purchase 5 bags at the same time will be sold at thirty percent off preferential prices, and the discount portion will be issued on the same invoice with the sales volume.

Before the end of the month, 5 customers bought a bag of 200 times in January, and sold 1000 bags.

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< p > 1, assuming that the discount part and the sales amount are processed on the same invoice: < /p >

< p > borrow: cash cash 16380 < /p >

< p > Loan: main business revenue is 14000 (23.4 * 1000 * 70%/1.17) < /p >

< p > tax payable - payable VAT (output tax) 2380 (14000 x 17%) < /p >.

< p > at the same time, the cost of carry over sale: < /p >

< p > borrow: main business cost 13500 < /p >

< p > Loan: inventory goods 13500 < /p >

< p > 2, price discount assumes that the discount part and sales volume are processed on two invoices: < /p >

< p > borrow: cash cash 16380 < /p >

< p > sales expense 7020 < /p >

< p > Loan: main business revenue is 20000 (23.4 x 1000/1.17) < /p >

< p > tax payable - payable VAT (output tax) 3400 (20000 x 17%) < /p >.

< p > at the same time, the accounting treatment of the cost of carry over: < /p >

< p > borrow: main business cost 13500 < /p >

< p > Loan: inventory goods 13500 < /p >