How to deal with the accounts exempted from water conservancy construction fund?
Answer: Small and low-profit enterprises are exempted from water conservancy construction funds and do not need to make entries.
Generally speaking, the water conservancy construction fund can be exempted if the sales next month do not exceed 654.38+10,000 yuan.
Borrow: taxes payable-water conservancy fund
Loan: subsidy income (or non-operating income)
In addition, water conservancy funds are generally added with value-added tax or business tax, which should be included in the business tax and additional (other business income should be included in other business costs).
What is the tax basis of water conservancy construction fund?
A: The tax basis of the water conservancy construction fund is tax-free income.
Water conservancy construction fund is a government fund specially used for water conservancy construction. The water conservancy construction fund shall be accrued and paid according to the sales income. Different provinces and cities have different collection ratios, such as 0.06% in Hunan Province and 0.0 1% in Zhejiang Province.
Local tax authorities are responsible for collecting water conservancy construction funds from units and individuals engaged in production and operation within their respective administrative areas.
The above is an introduction to how to deal with the accounts exempted from water conservancy construction funds. Generally, the water conservancy construction fund can be exempted if the sales volume next month does not exceed 654.38+10,000 yuan, and this article ends here.