1. Government-supported funds related to assets are included in profit and loss or current profit and loss;
2. Income-related government support funds are included in the current profit and loss or offset related costs, and other income may offset related costs or non-operating income and expenditure.
According to the Accounting Standards for Business Enterprises No.65438 +06- Government Subsidies:
Article 8 Government subsidies related to assets shall offset the book value of related assets or be recognized as deferred income. If the government subsidy related to assets is recognized as deferred revenue, it shall be included in the profit and loss by stages in accordance with a reasonable and systematic method within the service life of the related assets. Government subsidies measured according to the nominal amount are directly included in the current profits and losses. If the relevant assets are sold, transferred, scrapped or damaged before the end of the service life, the undistributed deferred revenue balance will be transferred to the profit and loss of the current asset disposal period.
Article 9 Government subsidies related to income shall be accounted for in accordance with the following provisions:
(1) If it is used to compensate the related costs or losses of the enterprise in the future, it will be recognized as deferred revenue. During the period when the related costs or losses are recognized, it will be included in the current profits and losses or offset the related costs;
(2) It is used to compensate the related costs or losses that the enterprise has incurred, and it is directly included in the current profit and loss or offset the related costs.
Article 10 Where government subsidies include both asset-related and income-related parts, the different parts shall be accounted for separately. If it is difficult to distinguish, it should be classified as income-related government subsidies as a whole.
Eleventh government subsidies related to the daily activities of enterprises should be included in other income or offset related costs and expenses according to the essence of economic business. Government subsidies unrelated to the daily activities of enterprises shall be included in non-operating income and expenditure.
This sum should be credited to subsidy income.
Extended data:
Differences in tax treatment between special payables and government subsidies;
Financial funds obtained by enterprises from the financial departments and other departments of the people's governments at or above the county level that should be included in the total income can be regarded as non-taxable income if they meet the following conditions, and deducted from the total income when calculating the taxable income:
(a) the enterprise can provide special funds disbursement documents;
(two) the financial department or other government departments that allocate funds have special fund management measures or specific management requirements for funds;
(3) An enterprise shall separately account for funds and expenditures incurred with funds.
In addition to the above-mentioned qualified financial funds and the equity investment of the state as the owner, it shall be included in the taxable income of the enterprise in the current year in accordance with the provisions of Caishui [2008] No.65438 +05 1.
References:
Baidu Encyclopedia-Accounting Standards for Business EnterprisesNo. 16-Government Subsidy
I. Financial support funds
(1) Making accounts
Debit: bank deposit
Loan: non-operating income-financial support funds
(2) Financial support funds do not need to pay value-added tax and business tax. Income tax, if it meets the conditions of non-taxation, will not be taxed, otherwise income tax will be paid.
Second, the relevant provisions:
Article 1 of the Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Corporate Income Tax Policies for Fiscal Funds, Administrative Fees and Government Funds (Caishui [2008]151No.) stipulates that fiscal funds:
(a) all kinds of financial funds obtained by enterprises shall be included in the total income of the enterprise in the current year, except those that belong to state investment and need to return the principal after the use of the funds.
(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.
The financial funds mentioned in this article refer to all kinds of special financial funds such as financial subsidies, subsidies and loan interest subsidies obtained by enterprises from the government and its relevant departments, including direct reduction of value-added tax and various taxes that can be refunded immediately after collection, but excluding export tax rebates obtained by enterprises according to regulations.
Article 1 of the Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Enterprise Income Tax Treatment of Special Financial Funds (Caishui [2009] No.87) stipulates that enterprises shall obtain it from the financial department and other departments of the people's government at or above the county level during the period from 2008 1 to February 2006/kloc-0+31.
(1) The enterprise can provide funds disbursement documents, which stipulate the special purpose of funds;
(two) the financial department or other government departments that allocate funds have special fund management measures or specific management requirements for funds;
(3) An enterprise shall separately account for funds and expenditures incurred with funds.
According to the above regulations, the financial discount obtained by enterprises is financial funds. Whether financial funds belong to non-tax revenue shall be determined in accordance with the above provisions.
In the case of non-taxable income, according to the provisions of Article 28 of the Regulations for the Implementation of the Enterprise Income Tax Law of People's Republic of China (PRC) (Order No.512 of the State Council of the People's Republic of China), the expenses incurred by the above-mentioned non-taxable income for expenditure shall not be deducted when calculating the taxable income; Depreciation and amortization of assets used for expenses shall not be deducted when calculating taxable income.
If fiscal funds are not taxable income, they should be included in the total income of enterprises to calculate and pay enterprise income tax.
After receiving government subsidies as non-operating income, make the following entries: debit: cash on hand/bank deposit loan: non-operating income-subsidized income loan: profit loan this year: non-operating income-subsidized income loan: fixed assets payable tax-payable value-added tax (input tax) loan: bank deposit. Included in "subsidy income" or "non-operating expenses". 1, the government support fund is a special fund, which can be included in the "special payable" tax item. If this tax item is recorded, it does not involve business tax and income tax payment. (1) Loans from support funds: bank deposits, loans: special payables-investment promotion support funds (II) Loans from enterprises for investment promotion expenses: special payables-investment promotion funds, loans: cash. 2. This amount can also be included in the "subsidy income" project. If it is included in subsidy income, business tax will not be paid, but it will be carried forward to this year's profit, and income tax will be calculated according to the annual profit. Therefore, because the government supports the fund to allocate funds to your company in the name, or plans to enter the "special payable" part of the distribution, it is best not to pay business tax or income tax. If this amount is included in "non-operating expenses", the tax authorities have the right to ask you for tax. Narrow sense of government funds, also known as government subsidies, government-supported special funds, government-supported projects and so on. Usually, it refers to the China government's use of fiscal policy to make mutual investment between the government and enterprises and institutions, promote R&D investment in specific fields, accelerate the formation of industrialization, and promote the rapid development of related industries, so as to achieve national macroeconomic goals, scientific research goals and even national defense goals. The role of government guidance fund in venture capital mainly includes: guiding fund to participate in venture capital institutions; Support follow-up investment and reduce investment risks; Providing risk subsidies for venture capital risks; Provide investment protection. According to the "20021-2027 China Municipal Government Guidance Fund Industry Market Operation and Development Prospect Forecast Report" released by Zhiyan Consulting, the scale and quantity of municipal government guidance funds account for the highest proportion in China municipal government guidance funds. In the first half of 2020, the scale of municipal government guidance funds was 93,365,438+62 million yuan, and the number of funds was 688. In the first half of 2020, among the number of guiding funds in six hot spots in China, the number of guiding funds in Jiangsu Province reached 136. Beijing's guiding fund reached 274.2 billion yuan.
Which subject should the government's support funds for enterprises be included in? -Which subject should the government's support funds for enterprises be included in? The government's support funds for enterprises should be included in the accounting standard of "non-operating income" for small enterprises. Non-operating income includes: net income from disposal of non-current assets, government subsidies, loss and donation income, inventory entry income, foreign exchange income, rental of packaging materials and commodity rental income.
What accounting subjects do government subsidies enter? -There are two accounting methods for government subsidies: income method and capital method. Income method is to include government subsidies in current income or deferred revenue's capital method is to include government subsidies in all equity income. Accounting treatment: When confirming receivables: Borrow: Other receivables loans: When deferred revenue receives subsidies: Borrow: Bank deposit loans: Other receivables are allocated monthly: Borrow: deferred revenue loans: Non-operating income capital method accounting treatment: When receiving subsidies:
Which subject should the project support funds applied to the government department be recorded in? -:Under the new accounting standards, this should be regarded as "government subsidy" and included in "non-operating income-government subsidy" when actually received.
What subjects do government subsidies include? In the practice of extending information, many government departments provide funds for the research activities of a project in order to support the development of non-governmental non-profit organizations, while non-governmental non-profit organizations need to submit scientific research results to government departments; Or the government department provides a non-profit organization on schedule. ...
Which subject should be included in the accounting of the support funds allocated by the government to enterprises? If the support funds allocated by the government to enterprises have special purposes: borrowing: bank deposits and loans: special payables; if there is no special purpose: borrowing: bank deposits and loans: non-operating income.
Which account should financial support funds be included in? -:In the accounting of non-operating income, if the use period (benefit period) is long, you can now account for "deferred revenue" and carry it over to non-operating income by stages.
What subjects does the government subsidy expenditure enter? -:Government subsidies related to assets usually exist in the form of monetary assets. Enterprises should debit "bank deposits" and credit "deferred revenue" according to the actual money received. When government subsidies are used for the purchase and construction of long-term assets, the purchase and construction of related long-term assets are consistent with the normal asset purchase and construction or R&D treatment of enterprises, and are collected through "construction in progress" and "R&D expenditure". Upon completion, it will be converted into fixed assets or intangible assets. When the related long-term assets are available for use, when the related assets are depreciated or amortized, the average distribution of deferred income will be transferred to the current profit and loss according to the expected service life of the long-term assets, and the "deferred income" account will be debited and credited to the "non-operating income" account. Relevant assets will be disposed of (sold, transferred, scrapped, etc.). At or before the end of the service life, and the undistributed deferred revenue balance is transferred to the income during the current asset disposal period at one time.
What accounting subjects should institutions include in paying salaries to party branches? -:Institutions should set up two levels of detailed accounts of "basic expenditure" and "project expenditure" under the account of "business expenditure", and make detailed accounting according to the level of "expenditure economic classification" in the account of government revenue and expenditure classification. Expenditure economic classification budget revenue and expenditure subjects include
Which subject should the financial support funds received by the enterprise be recorded in: support funds without special purpose, non-operating income subjects: loans: bank deposits and other loans: non-operating income-subsidy income.
How to calculate government support funds-:special or non-special? If it is a special loan from a bank deposit, it is a special payable; if it is not a special loan from a bank deposit, subsidy income.