According to the Provisional Regulations of People's Republic of China (PRC) on Value-added Tax and the Notice on Comprehensively Promoting the Pilot Project of Changing Business Tax to Value-added Tax (Cai Shui [2016] No.36), the accounting treatment of value-added tax is stipulated as follows. The following is the tax law knowledge about the accounting treatment and interpretation of value-added tax that I brought to you. Welcome to reading.

First, the accounting subjects and column settings.

Where should the general taxpayer of VAT be? Tax payable? Set under the theme? VAT payable? 、? Did not pay VAT? 、? Pay VAT in advance? 、? Input tax to be deducted? 、? Input tax should be certified? 、? Tax amount to be written off? 、? VAT allowance? 、? Simple taxation? 、? Should VAT be levied on the transfer of financial goods? 、? Withholding and paying VAT? Detailed topics such as.

[Interpretation] In? Tax payable? Under the account, the number of secondary accounts involving value-added tax has increased to ten. Supplement? Pay VAT in advance? 、? Input tax to be deducted? 、? Input tax should be certified? 、? Tax amount to be written off? 、? VAT allowance? 、? Simple taxation? 、? Should VAT be levied on the transfer of financial goods? 、? Withholding and paying VAT? .

Compared with the financial office [2016] No.27 draft for comments, it will be? Prepaid VAT? Change to? Pay VAT in advance? , and? Simple taxation? The account was upgraded from the original three-level subsidiary account to a two-level subsidiary account. Supplement? Should VAT be levied on the transfer of financial goods? 、? Withholding and paying VAT? Two minor subjects.

(a) the general taxpayer of value-added tax should be in? VAT payable? Set in subsidiary ledger? Input tax? 、? Output tax deduction? 、? Have you paid your taxes? 、? Transfer out unpaid VAT? 、? Tax relief? 、? Export tax deduction for domestic products? 、? Output tax? 、? Export tax rebate? 、? Input tax transfer out? 、? Transfer out and pay more VAT? Wait column. These include:

1.？ Input tax? Record the value-added tax paid or borne by ordinary taxpayers for purchasing goods, processing, repair and replacement services, services, intangible assets or real estate, and allow it to be deducted from the current output tax;

2.？ Output tax deduction? Column, record the output tax amount reduced by the general taxpayer according to the current value-added tax system due to the deduction of sales;

3.？ Have you paid your taxes? Column, recording the value-added tax payable by ordinary taxpayers in the current month;

4.？ Transfer out unpaid VAT? And then what? Transfer out and pay more VAT? Column to record the unpaid or overpaid value-added tax payable by the general taxpayer at the end of each month;

5.？ Tax relief? Column to record the value-added tax granted by ordinary taxpayers according to the current value-added tax system;

6.？ Export tax deduction for domestic products? Column, record implementation? Inspection-free, arrival and return? The input tax of export goods calculated by general taxpayers according to regulations shall be deducted from the taxable amount of domestic products;

7.？ Output tax? Column, which records the value-added tax payable by general taxpayers for selling goods, processing, repair and replacement services, services, intangible assets or real estate;

8.？ Export tax rebate? Column, which records the value-added tax returned by general taxpayers in accordance with the provisions for export goods, processing, repair and replacement services, services and intangible assets;

9.？ Input tax transfer out? Column, record the general taxpayer due to abnormal losses of goods, processing, repair and replacement services, services, intangible assets or real estate and other reasons, according to the provisions should not be deducted from the output tax and transferred out of the input tax.

[Interpretation] Unlike the exposure draft, the original work is restored here? Export tax deduction for domestic products? What will this third-level detail be? Simple taxation? The account was upgraded from the original three-level subsidiary account to a two-level subsidiary account, thus maintaining? VAT payable? Under the jurisdiction of 10 three-level detailed account. Set the structure,

Maintenance? VAT payable? Under the jurisdiction of the 10 three-level subsidiary account, the current accrual, deduction and carry-forward business of general taxpayers using the general tax method are all there. VAT payable? According to 10 three-level detailed account accounting, the tax information of accounting subjects is clearer.

(2)? Did not pay VAT? Detailed account, accounting for general taxpayers at the end of each month? VAT payable? Or? Pay VAT in advance? The detailed account should be transferred to the unpaid, overpaid or prepaid value-added tax in the current month, and the unpaid value-added tax in the previous period should be paid in the current month.

[Interpretation] Generally speaking, make the following entries at the end of the month.

1, at the end of the month, the unpaid value-added tax payable in the current month will be transferred from? Should taxes be paid, and value-added tax should be paid? Discipline transfer? Did not pay VAT? Theme.

Debit: VAT should be paid for the tax payable (VAT has not been paid after the transfer).

Loan: Taxes payable but VAT not paid.

2. At the end of the month, the overpaid VAT will be paid from? Should taxes be paid, and value-added tax should be paid? Discipline transfer? Did not pay VAT? Theme.

Borrow: Taxes should be paid but VAT has not been paid.

Loan: The tax payable shall be subject to VAT (transfer-out and overpayment of VAT).

3. At the end of the month, the VAT paid in advance in the current month will be changed from? Taxes payable and prepaid VAT? Discipline transfer? Did not pay VAT? subject

Borrow: Taxes should be paid but VAT has not been paid.

Loans: taxes payable and prepaid value-added tax.

4. Pay the unpaid VAT of the previous period in the current month.

Borrow: Taxes should be paid but VAT has not been paid.

Loans: bank deposits

(3)? Pay VAT in advance? Detailed accounts, accounting for general taxpayers' transfer of real estate, provision of real estate leasing services, provision of construction services, sales of self-developed real estate projects in advance, and other value-added taxes that should be paid in advance according to the current value-added tax system.

[Interpretation] This second-level detail is an additional subject. Compared with the draft for comments, what is it? Prepaid? Changed? Advance payment? The provisions of accounting treatment are basically the same. Account accounting is based on the special situation that VAT needs to be paid in advance as stipulated in the document Caishui [20 16]36, and considering the long development cycle of enterprises such as building houses and real estate, and the long time span between prepaid tax and actual tax obligation, a separate secondary account accounting is set up, which conforms to the provisions of the tax law and is more convenient for the itemized presentation of relevant VAT amounts at the end of the period.

Note: The prepaid VAT tax can be deducted from the VAT payable in the current period. If it cannot be fully deducted, it will be carried forward to the next period for further deduction. Taxpayers should take the tax payment voucher as a legal and valid voucher, and deduct the tax payable with the tax paid in advance.

Debit: VAT payable has been paid in advance.

Loans: bank deposits

At the end of the month, the value-added tax prepaid in the current month will be changed from? Taxes payable and prepaid VAT? Discipline transfer? Did not pay VAT? subject

Borrow: Taxes should be paid but VAT has not been paid.

Loans: taxes payable and prepaid value-added tax.

Note: Real estate enterprises, like other enterprises, pay taxes in advance? The ending balance of cannot be transferred before the tax obligation occurs? Did not pay VAT? .

(4)? Input tax to be deducted? Detailed account, accounting for the input tax that the general taxpayer has obtained the VAT deduction certificate and has been certified by the tax authorities, and is allowed to deduct from the output tax in the future according to the current VAT system. Including: real estate acquired by general taxpayers after May 1, 20 16 and accounted as fixed assets, or real estate projects under construction acquired after May 1, 20 16, and the input tax deducted from future output tax according to the current value-added tax system; The input tax indicated or calculated on the VAT deduction certificate that has not been cross-checked by the general taxpayer who implements the tax counseling period management.

[Interpretation] The handling method of Finance Office [2016] No.27 draft was confirmed, and the input tax of No.36 fixed assets and construction in progress was deducted in two years (13 months) in the accounting content.

For example, if a company purchases real estate or materials used for projects under construction, obtains invoices and passes tax certification, the accounting treatment is as follows.

Borrow: fixed assets/construction in progress (excluding the tax-included price indicated on the invoice)

Value-added tax (input tax) should be paid for the tax payable (recorded as 60% of the tax shown in the invoice).

Input tax to be deducted (recorded as 40% of the tax shown in the invoice)

Loans: bank deposits/notes payable/accounts payable

Change the use of outsourced materials and the use of projects under construction (self-construction). Usually, such materials are purchased in bulk, and invoices are obtained and certified by tax. Accounting treatment is as follows:

Borrowing: materials/materials procurement in transit, etc. (excluding the tax-included price indicated on the invoice)

The tax payable shall be subject to value-added tax (input tax) (recorded as the tax indicated on 100% invoice).

Loans: bank deposits/notes payable/accounts payable

When changing use in this period, accounting entries:

Debit: input tax that should be deducted (recorded as 40% of the tax amount indicated in the original invoice)

Loan: The tax payable is value-added tax (the input tax is transferred out (calculated according to 40% of the original invoice).

From the month of change of use, in1March, from? Input tax to be deducted? Transfer in? Input tax? Actual deductible input tax in the current period.

Debit: The tax payable is VAT (input tax).

Credit: the taxable amount deducted from the input tax.

(Document No.36 stipulates that if the goods and services that have been fully deducted from the input tax at the time of purchase are used in real estate projects under construction, 40% of the deducted input tax shall be deducted from the converted current input tax, included in the input tax to be deducted, and deducted from the output tax from the13rd month from the converted month. )

(5)? Input tax should be certified? Detailed accounts, accounting for the input tax that ordinary taxpayers are not allowed to deduct from the current output tax because they have not been certified by the tax authorities. Including: the general taxpayer has obtained the VAT deduction certificate, that is, the input tax allowed to be deducted from the output tax according to the current VAT system, but it has not been certified by the tax authorities; The general taxpayer has applied for examination but has not yet obtained the input tax of the customs payment form.

(6)? Tax amount to be written off? Detailed account, accounting for general taxpayers selling goods, processing, repair and replacement services, services, intangible assets or real estate, related income (or profits) has been confirmed, but the obligation to pay VAT has not yet occurred, and it needs to be confirmed as the value-added tax of future output tax.

[Interpretation] The accounting here is mainly to confirm the amount of output through late invoicing when the accounting and tax laws confirm that the income is inconsistent. This processing method solves the requirement that the accounting amount of value-added tax needs to be separated from the extra-price tax, which meets the requirements of accounting information disclosure and financial statement presentation, and can also help enterprises to know more about the tax payable in the future.

For example, in the new year's rental business, if the contract stipulates that the lessee will pay all the rent at the end of the previous year, the lessor will issue a VAT invoice after receiving the rent, and the accounting treatment of the lessor at the end of the first year is as follows:

Debit: accounts receivable/notes receivable

Credit: resale tax payable.

main business income

(7)? VAT allowance? Detailed accounts, accounting for the original general VAT taxpayers who owned sales services, intangible assets or real estate at the same time before the pilot date of the camp reform, and the VAT deduction of sales services, intangible assets or real estate that cannot be deducted from the output tax according to the current VAT system.

[Interpretation] From the current point of view, this has actually become a redundant subject, and it is estimated that it will not be used in the future.

Announcement No.75 of People's Republic of China (PRC) State Taxation Administration of The People's Republic of China No.2016 stipulates:

From 20 16 12 1, column 13 of the main customs declaration form? General items of pre-tax allowance? Column? Accumulated this year? What about column 20? What are the general items of the final tax credit? Column? Accumulated this year? No longer use column numbers, and no longer fill in data.

Before the publication of this announcement, column 20 of the main table of the declaration form? What are the general items of the final tax credit? Column? Accumulated this year? General taxpayers of value-added tax with balance will transfer the balance to column 13 in one lump sum within the first tax declaration period from the date of this announcement. General items of pre-tax allowance? Column? What's the number this month? Medium.

(8)? Simple taxation? Detailed account, accounting for the provision, deduction, advance payment and payment of value-added tax. Simple tax calculation method is adopted by ordinary taxpayers.

[Interpretation] Compared with the exposure draft, this subject is upgraded to the second-level detail, which is separated from the extraction, deduction and payment business of the current general taxpayer using the general tax method. This subject accounts for the value-added tax business of ordinary taxpayers with simple tax calculation method, and the tax information of accounting subjects is more clear.

(9)? Should VAT be levied on the transfer of financial goods? Detailed account, accounting for value-added tax incurred by value-added tax payers in transferring financial goods.

[Interpretation] Is this course published this time? Tax payable? It is worth noting that under the value-added tax system, interest income (guaranteed income, remuneration, capital occupation fee, remuneration, etc.). During the holding period (including maturity) of financial commodities, value-added tax shall be levied according to loan services, and this part of the tax is not accounted for in this account.

(ten)? Withholding and paying VAT? Detailed account, accounting for the value-added tax withheld and remitted by taxpayers by overseas units or individuals who have not established business institutions in China and engaged in taxable activities in China.

[Interpretation] Is this course published this time? Tax payable? If an overseas unit or individual has taxable activities in China and has no business office in China, the buyer shall be the VAT withholding agent, and the withholding agent shall withhold and remit the VAT through this account.

Small-scale taxpayers only need to be in? Tax payable? Set under the theme? VAT payable? Detailed account, you don't need to set the above columns and divide them? Should VAT be levied on the transfer of financial goods? 、? Withholding and paying VAT? Explain in detail outside.

[Interpretation] Compared with ordinary taxpayers, the business of small-scale taxpayers is relatively simple. Tax payable? Set under the theme? VAT payable? 、? Should VAT be levied on the transfer of financial goods? 、? Withholding and paying VAT? Three secondary detailed subjects to reduce the accounting pressure of small-scale taxpayers.

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