1, tax policy stipulates
The third paragraph of Article 1 of the Provisions on Relevant Matters of VAT Transformation Pilot (Caishui [2065438+06] No.36, Annex 2) stipulates that the balance after deducting the purchase price from the selling price of financial goods is the sales volume. After the transfer of financial goods, the balance is offset against the profit and loss. If there is a negative difference after the offset, it can be carried forward to the next tax period to offset the sales of the next financial commodity, but there is still a negative difference at the end of the year.
The purchase price of financial commodities can be calculated by weighted average method or moving weighted average method, and shall not be changed within 36 months after selection.
No special VAT invoice shall be issued for the transfer of financial commodities.
According to the relevant provisions of Article 21, Article 22 and Article 23 of the Implementation Measures for the Pilot Project of VAT Reform (Caishui [2065438+06] No.36, annex 1) on the corresponding tax amount, output tax amount and sales amount, the sales amount of financial goods transferred by general taxpayers can be calculated according to the following formula:
Sales = sales including tax ÷( 1+ tax rate)
= balance of selling price minus buying price ÷( 1+6%)
= (selling price-buying price) ÷( 1+6%)
Output tax = sales × tax rate
= (selling price-buying price) ÷( 1+6%)×6%
2. Accounting regulations
Accounting document 20 1622 stipulates that the transfer of financial goods is accounted for as sales according to the regulations.
At the end of the actual transfer of financial goods, if the transfer income is generated, the tax payable is:
Borrow: subjects such as investment income.
Loan: taxes payable-value-added tax payable on the transfer of financial commodities.
In case of transfer loss, the tax can be carried forward to the next month for deduction:
Borrow: Taxes payable-Value-added tax payable for the transfer of financial commodities.
Loan: subjects such as investment income.
When paying VAT:
Borrow: Taxes payable-Value-added tax payable for the transfer of financial commodities.
Loans: bank deposits
At the end of the year, if the account has a debit balance, then:
Borrow: subjects such as investment income.
Loan: taxes payable-value-added tax payable on the transfer of financial commodities.
How do enterprises calculate turnover when buying and selling financial goods?
According to Item 4 of Article 5 of the Provisional Regulations of the People's Republic of China on Business Tax (the State Council Order No.540 of the People's Republic of China, 2008), the turnover of financial commodities such as foreign exchange, marketable securities and futures is the balance after the selling price is deducted from the buying price.
The income tax accounting treatment of financial commodity transfer is as above. If you don't understand the tax and accounting treatment after the transfer of financial goods, you can refer to the practices introduced in this article. In addition, the tax policy is not fixed and may change. Financial personnel should also keep abreast of the income tax treatment of financial commodity transfer.