The special funds allocated by the government are earmarked for special purposes and do not need to be returned. How to enter the account, do you need to pay taxes? Please give me some advice. Thank you!
After receiving the funds from the Innovation Fund, the enterprises that undertake the project for free shall be treated as special payables. Among them, some formed assets were transferred to capital reserve and received funds: bank deposit loan: special payables -XX project fund project expenditure to purchase fixed assets: fixed assets loan -XX project loan: bank deposit other R&D expenses: production cost loan -XX project development trial-production expenses-materials expenses, labor expenses, etc. Bank deposits (accounts payable, wages payable, etc.). ) Borrowed some assets: special payables-XX project fund loans: capital reserve-all kinds of financial funds transferred to XX (1) enterprises, except those that belong to state investment and need to repay the principal after the use of funds, are included in the total income of the enterprise in the current year. (2) The financial funds obtained by an enterprise and used for specific purposes as stipulated by the competent departments of finance and taxation of the State Council and approved by the State Council are allowed as non-taxable income and deducted from the total income when calculating the taxable income.
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(3) The financial subsidy income received by institutions, social organizations and other organizations that are included in the budget management and allocated by the financial department or higher-level units according to the approved budget and capital reporting relationship is allowed as non-taxable income, which is deducted from the total income when calculating the taxable income, except as otherwise provided by the financial and tax authorities of the State Council and the State Council.
The term "financial funds" as mentioned in this article refers to various special financial funds such as financial subsidies, subsidies and loan interest subsidies obtained by enterprises from the government and its relevant departments, including directly reduced or exempted value-added tax and various taxes that can be refunded immediately after collection, but excluding export tax rebates obtained by enterprises according to regulations; State investment refers to the direct investment made by the state as an investor in an enterprise, and the paid-in capital (share capital) of the enterprise is correspondingly increased according to relevant regulations.