Local taxes mainly include business tax, urban construction tax, education surcharge, local education surcharge, hydraulic fund, stamp duty and personal income tax. The following is the accounting treatment of various taxes: \x0d\ accrual: debit: main business taxes and surcharges \x0d\ loan: tax payable-business tax payable (according to income amount * tax rate approved by the tax bureau) \x0d\ loan: tax payable-urban construction tax (value-added tax or business tax x7%, county 5%)\x0d\ loan: payable. Loan: tax payable-local education surcharge (VAT or business tax x2%)\x0d\ Loan: management fee-water conservancy construction fund \x0d\ Loan: tax payable-water conservancy construction fund (VAT or business tax x 1%) \x0d\ Loan: management fee-stamp duty \x0d\ Loan: tax payable- -Urban construction tax \x0d\- education surcharge \ x0d \- local education surcharge \ x0d \- water conservancy construction fund \ x0d \- stamp duty \ x0d \ loan: cash on hand/bank deposit.