VAT Withholding Tax Voucher And Accounting Treatment

In accordance with the eighth provision of the Provisional Regulations on value added tax, the amount of tax deducted from the output tax includes the following four situations:

(1) get special invoices for value-added tax.

(2) customs documents issued by Customs issued for imported goods.

(3) obtaining purchase vouchers or ordinary invoices.

(4) obtain freight settlement documents.

1. Special invoices for value added tax

A general taxpayer who buys goods from a small scale taxpayer can only deduct the tax specified on the special invoices of the VAT, while the small scale taxpayers are specified by the tax authorities for VAT invoices at a rate of 6% or 4%, so they can only deduct the input tax by 6% or 4%.

If the general tax enterprise purchases or stores the goods or taxable services fails to obtain and preserve the VAT deduction documents in accordance with the regulations, or fails to specify the VAT and other related matters in accordance with the provisions of the VAT withholding tax certificate or the logical relationship between the items on the VAT deduction certificate, the input tax shall not be deducted from the output tax.

Ex 1:A enterprises purchased a batch of steel products in April 2004. They have received a VAT invoice. The invoice is marked 200000 yuan, the tax is 34000 yuan, the payment has been paid, and the steel has been checked and accepted.

The correct accounting treatment is:

Borrow: raw material 200000

Payable tax - value added tax (input tax) 34000

Loan: bank deposit 234000

For example, 2:B enterprises invest in A enterprises with raw materials. The cost of the raw materials is 1 million 500 thousand yuan, and the cost of the material is 1 million 840 thousand yuan as the investment value. If the VAT rate of the raw material is 17%, the material will be calculated at 2 million yuan at the prevailing market price.

Two raw materials of enterprises are accounted for by actual cost.

The correct accounting processing of A enterprises is:

Borrow: raw material 1500000

Payable tax - value added tax (input tax) 340000

Loan: paid in capital 1840000

For example, 3:A enterprises receive a set of injection molding machines donated by B enterprises. The VAT invoices received indicate that the equipment price is 100000 yuan, and the matching mold price is 4000 yuan.

The value added tax is 17000 yuan and 680 yuan respectively.

The correct accounting processing of A enterprises is:

Borrowing: fixed assets 117000

Low value and consumable 4000

Payable tax - value added tax (input tax) 680

Loan: capital reserve 121680

For example, the 4:A enterprise will repair the office car this month. The special invoices for value-added tax indicate that the repair cost is 10000 yuan and the value added tax is 1700 yuan, which has been paid by bank deposit.

Borrowing: management cost 10000

Payable tax - value added tax (input tax) 1700

Loan: bank deposit 11700

2. Certificate of duty paid for imported goods

The value added tax shall be paid on the imported goods, and the value-added tax paid on it shall be marked on the duty paid certificate.

The value added tax specified on the duty paid certificate is the basis for tax deduction and bookkeeping.

On the special duty payment book issued by the Customs on behalf of the import value-added tax, two units are marked, that is, the name of the agent import unit and the name of the entrusting import unit, and the unit that only obtains the original payment book is deducted from the tax.

The entrusting importing units that declare tax deductions must provide the corresponding customs vouchers for the VAT payment, original agency contracts and payment vouchers, otherwise, no input tax will be deducted.

For example, 5:A enterprises import a batch of goods from abroad. The customs duty paid certificate indicates that the duty paid price is 1000000 yuan, the customs duty rate is 10%, and the value added tax is 187000 yuan.

The money has been paid in bank deposits.

Borrow: raw material 1100000

Payable tax - value added tax (input tax) 187000

Loan: bank deposit 1287000

3. Acquisition voucher

Under the existing regulations, in the four case, the general

The purchase of duty-free agricultural products is allowed to deduct its input tax: first, it is deducted from the amount of tax specified in the VAT invoice; two is deducted from the amount of tax specified in the customs duty paid voucher; three, it is deducted from the amount specified in the general invoice, and the four is calculated by the buyer's own purchase certificate, that is, the amount specified in the invoice.

The conditions of deduction include

(1) it must be tax-free agricultural products.

(2) must be a self produced agricultural product sold by agricultural producers.

(3) acquisition and proper use must be acquired in accordance with the law.

。

The purchase price of agricultural products includes the price paid by taxpayers to the producers of tax-free agricultural products and the taxes on agricultural special products collected and paid according to the regulations.

(4) acceptance must be checked or paid.

(5) we must improve accounting and provide accurate tax information.

Value added tax for production enterprises

The purchase of waste materials and the recovery of waste materials sold by the operating units may be deducted from the normal invoices specified by the tax authorities according to the 10% calculation, according to the amount specified in the general invoices issued by the tax authorities.

Therefore, if the enterprise is a general taxpayer and purchases the waste materials according to the regulations, it can calculate the deduction tax of 10%.

The 6:A enterprise purchased 100 tons of wheat from a family farm in April 2002, 600 yuan per ton, and the total amount of acquisition purchased by the competent tax authorities authorized by the tax authorities amounted to 60000 yuan.

Correct accounting treatment:

Borrow: raw material 52200

Payable tax - value added tax (input tax) 7800

Loan: bank deposit 60000

For example, 7:A enterprise purchased a batch of waste materials from a material recycling company as raw materials this month. The amount of purchase shown on the general invoice is 500 thousand yuan, which has been paid by bank deposit.

Borrow: raw material 450000

Payable tax - value added tax (input tax) 50000

Loan: bank deposit 500000

4. Freight settlement documents

In general, the pportation expenses paid by the general taxpayer enterprises except for the fixed assets, and the pportation expenses (except freight for freight), which are paid for by the goods sold, shall be calculated according to the freight deducted by the approved freight settlement documents according to the deduction rate of 7%, and the input tax calculated according to the calculation shall be the basis for tax deduction and bookkeeping.

However, the deductible input tax can not be calculated with other incidental charges such as loading and unloading charges and insurance premiums paid by freight.

Here:

(1) freight settlement documents refer to the tickets issued by the state railway, civil aviation, highway and water pport units, as well as the tickets for the uniting national unified invoice supervisory seal issued by non state pport units engaged in the pport of goods;

(2) the starting point and terminal point of pportation must satisfy the requirements of the place where the goods are located at the place where the seller is located and where the destination is the buyer.

(3) the amount of pportation does not include other incidental charges such as loading and unloading charges, insurance premiums and so on.

For example, 8:A enterprises purchased a batch of raw materials this month, the price specified in the special invoice is 6000 yuan, the value-added tax is 1020 yuan, and the seller sells freight on behalf of the mat for 200 yuan (to the general invoice issued by the shipping department to the A enterprise).

A has issued a commercial draft for one month, and the material has been collected.

The accounting of enterprises is:

Borrow: raw material 6186

Tax payable - VAT (input tax) 1034 (of which $14 is freight input tax).

Loan: notes payable 7220