Accounting For Value-Added Tax " Directly Exempted From &#34.

Value added tax is a kind of tax paid by units and individuals who sell goods in People's Republic of China or provide processing, repair and repair services, as well as imported goods.

However, according to the relevant policies, some businesses are exempt from value-added tax, such as operating feed, agricultural film, seeds, fertilizers, pesticides, agricultural machinery and so on.

For business these are tax policies.

Value-added tax business, some taxpayers also calculate value-added tax, this paper is based on existing policies and regulations, combined with the key content of accounting practice examination, to analyze the problem in the form of cases.

Case analysis: a company bought a batch of agricultural film, the special invoice on value-added tax stated that the price of agricultural film was 1 million 500 thousand yuan, and the value added tax amount was 195 thousand yuan.

The payment has been paid and the agricultural film has been checked and accepted.

In that month, all the agricultural films were sold and the price was 2 million yuan.

1. when the company is a general taxpayer, the accounting treatment is: (unit: 10000 yuan).

When buying agricultural film,

Borrow: stock commodity 150 should pay taxes and fees -- should pay VAT (input tax amount) 19.5

Loan: bank deposit 169.5

When selling agricultural films,

Borrow: bank deposit 200

Loan: main business income 176.99 [200 (1+13%)]

The tax payable shall be paid VAT (output tax) 23.01 [200 (1+13%) * 13%].

When the value added tax is carried forward:

Borrowing: tax payable - VAT (deduction or exemption) 3.51 (23.01-19.5)

Loans: extra operating income 3.51

2. when the company is a small taxpayer enterprise, the accounting treatment is:

When buying agricultural film,

Borrow: stock goods 169.5

Loan: bank deposit 169.5

When selling agricultural films,

Borrow: bank deposit 200

Loan: main business income 194.17 [200 (1+3%)]

The tax payable shall be paid VAT 5.83 [200 (1+3%) * 3%].

When the value added tax is carried forward:

Borrowing: tax payable - VAT payable 5.83

Loans: extra operating income 5.83

As a matter of fact, the general taxpayer enterprises and small-scale taxpayer enterprises on the above are wrong in accounting treatment of direct vat exemption business.

According to the provisions of the Ministry of Finance on accounting for value-added tax, enterprises purchase goods and accept taxable services directly for non taxable items, or directly used for tax-free items and directly used for collective welfare and personal consumption. The value added tax specified on their special invoices is included in the cost of goods purchased and services received.

Therefore, we can see that the general taxpayer is directly exempt from value-added tax business.

It should be included in the cost of goods purchased and services received, but not in the form of "payable taxes - value added tax (input tax)", that is to say, no value-added tax is added.

Of course, the VAT input tax is not available, and the VAT output tax is not naturally available when goods are sold.

As for the notice of the Ministry of Finance on the regulation of accounting treatment for the reduction and return of turnover tax, for the direct deduction of VAT, we should borrow the "payable tax" - the subject of "value-added tax (exemption and Exemption)" and credit the "subsidized income" subject.

This kind of accounting treatment means that taxpayers should pay VAT when they operate their business in peacetime, and the occasional business is exempt from VAT. For example, after the Wenchuan earthquake and the Yushu earthquake, the State encourages units and individuals to donate money to the disaster area, and stipulates that taxpayers' donated goods are exempt from VAT.

At this time, the taxpayers should exempt from the vat of exemption from the "payable tax - the value added tax (exemption and Exemption)" subject, and credit the "subsidized income".

For small-scale taxpayers, enterprises are exempt from VAT directly, just as they are directly exempt from business tax, consumption tax, property tax and urban land use tax.

In short, whether it is a general taxpayer or a small taxpayer, if it is directly exempted from value-added tax, there is no need to deal with the value added tax.

Therefore, the correct accounting treatments for the above examples are:

When buying agricultural film,

Borrow: stock goods 169.5

Loan: bank deposit 169.5

When selling agricultural films,

Borrow: bank deposit 200

Loan: main business income 200

The two above

Although the method is consistent in calculating accounting profits, different taxable income will often appear in the end of the year when the enterprise income tax or personal income tax is paid for tax adjustment, thereby affecting corporate income tax or personal income tax.

This is because the above error is different from the correct accounting treatment method, the main business revenue calculated is different, the wrong accounting method is less than the correct accounting method.

From the example, we can see that the wrong accounting method is that the main business income of the general taxpayer is 1 million 770 thousand yuan, and the main business income of the small-scale taxpayer is 1 million 941 thousand and 700 yuan.

And the correct accounting treatment method, whether it is general taxpayer or small scale taxpayer, its main business revenue is 2 million yuan.

According to the relevant policies of enterprise income tax and personal income tax, the pre tax deduction base for business entertainment expenses, advertising fees and business publicity expenses is main business income, other business income and sales revenue, rather than extra business income.

In this way, the correct accounting method will deduct the business entertainment expenses, advertising fees and business publicity expenses deducted, but the taxable income will be reduced, and the natural enterprise income tax or personal income tax will be paid less.

On the contrary, the wrong accounting method will pay more corporate income tax or personal income tax.

In addition, there are many tax authorities implementing the approved levy method for stamp duty. Among them, stamp duty on purchase and sale contracts is generally based on stamp duty on a certain proportion of sales revenue. In this way, the wrong accounting method will pay less stamp duty, pay more corporate income tax or personal income tax.

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