What does it mean to list expenses?
Question 2: What are non-deductible expenses? Items that cannot be deducted before tax are items that the enterprise pays income tax and cannot be deducted when calculating taxable income. In accordance with the "Enterprise Income Tax Law" and relevant regulations, it mainly includes:
1. Capital expenditures. Expenditures incurred by taxpayers in purchasing and constructing fixed assets and investing in foreign countries.
2. Transfer of intangible assets and development expenditures.
3. Fines for illegal operations and losses of confiscated property.
4. Late payment fees, fines and fines for various taxes.
5. Compensation for losses caused by natural disasters or accidents.
6. Public welfare and relief donations that exceed the deduction allowed by state regulations, as well as non-public welfare and relief donations.
7. Various sponsorship expenditures.
8. Taxpayers provide other independent taxpayers with loan guarantees that have nothing to do with their own taxable income.
9. Rebates for the sale of goods to buyers shall not be deducted before tax. 10. Taxpayers’ inventory depreciation reserves, short-term investment depreciation reserves, long-term investment impairment reserves, and risk reserve funds , and any form of reserves other than those that can be made as required by national tax regulations, shall not be deducted.
The above situations can be deducted when accounting profits are calculated, but they are not deductible when calculating income tax in tax law.
Question 3: What does it mean to list expenses in costs? Another way to understand it is "tax avoidance"
Question 4: "What does it mean to list expenses in management expenses?" It means that expenses are included in management Expenses. For example: When reimbursing for the purchase of office supplies, the expenses should be listed in administrative expenses. The entries should be: Debit: administrative expenses; Credit: cash or bank deposits
Question 5: What is included in the contract What does it mean to state expenses at the time of delivery?
Question 6: What does the penalty for listing expenses before corporate income tax mean? The sentence "penalty for listing expenses before corporate income tax" refers to the taxable amount of the enterprise. Penalty expenses are deducted from income, but the tax law does not allow this. Enterprise fines can only be paid after tax, that is, fine expenses cannot reduce the corporate income tax to be paid
For example: late tax fees paid by enterprises, The enterprise will list it as non-operating expenses when doing accounting, but income tax cannot be deducted before tax.
Question 7: Specific standards for expenses. Business entertainment expenses are also called social entertainment expenses, according to accounting standards. , included in administrative expenses based on the actual amount incurred. However, according to tax regulations: business entertainment expenses incurred by an enterprise related to production and operation activities shall be deducted at 60% of the amount incurred, but the maximum shall not exceed 5% of the sales (operating) income of the year. ‰.
Generally refers to the promotional expenses incurred by the enterprise for selling goods or providing services. In accounting, advertising expenses and business promotion expenses should be calculated according to the actual expenditures, and the expenses incurred by the enterprise shall be determined according to the regulations. Eligible advertising and business promotion expenses, unless otherwise stipulated by the finance and taxation authorities of the State Council, are allowed to be deducted if they do not exceed 15% of the sales (business) income of the current year; the excess is allowed to be carried forward for deduction in subsequent tax years. .
Question 8: What invoices are needed for business promotion expenses, the cost of event venues, materials and items for organizing events, some customized event supplies, printed matter, personnel costs hired from etiquette companies, etc. etc. All of these must be paid with invoices for reference.