Taxable amount = turnover × tax rate
Taxpayer's turnover refers to the sum of the price and other expenses collected by taxpayers for providing taxable services, transferring intangible assets or selling real estate, except for the following circumstances:
(1) If a transport enterprise transports passengers or goods out of People's Republic of China (PRC), and other transport enterprises transport passengers or goods out of the country, the turnover shall be the balance of the total freight minus the freight paid to the transport enterprise.
(2) If a tourism enterprise organizes a tour group to travel outside People's Republic of China (PRC), and other tourism enterprises take the tour group overseas, the turnover shall be the balance of the total tour fee minus the tour fee paid to the tour group enterprise.
(3) If the general contractor of the construction industry subcontracts the project to others, the turnover shall be the balance of the total project contract after deducting the price paid to the subcontractor or the subcontractor.
(four) the turnover of the lending business is the balance of the loan interest MINUS the loan interest.
(5) The turnover of foreign exchange, securities and futures transactions is the balance after the selling price is deducted from the buying price.
(6) Other circumstances stipulated by the Ministry of Finance.
Pay business tax at 5%, urban maintenance and construction tax at 7%, and education surcharge at 3%. The calculation and accounting of taxes and surcharges are as follows:
1 Calculate business tax.
Business tax = turnover ×5%
Borrow: business tax and surcharges
Loan: taxes payable-business tax payable.
2. Calculate the urban maintenance and construction tax.
Water for urban maintenance and construction = business tax × 7%
Borrow: business tax and surcharges
Loan: water payable-urban maintenance and construction tax payable.
3 calculate the surcharge for education.
Education surcharge business tax × 3%
Borrow: business tax and surcharges
Loan: other payables-additional education expenses payable.