Water conservancy construction fund is a fund specially used by local governments for water conservancy construction. The water conservancy construction fund shall be paid at the rate of 0. 1% of the sales revenue.
Accrued entries:
Borrow: taxes and surcharges
Loan: taxes payable-water conservancy construction fund payable
Payment entry:
Borrow: taxes payable-water conservancy construction fund payable
Loans: bank deposits
Collection standard and exemption scope of water conservancy construction fund
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. From July, 2065438 1 day, the collection standard of national major water conservancy construction funds was reduced by 25%. Beijing stopped collecting local water conservancy construction funds from 20 19, and it is estimated that the burden on units and individuals will be reduced by 200 million yuan.
Exemption scope: 1, production and business units and individual industrial and commercial households that have not reached the threshold of value-added tax; 2. Income from production and operation exempted from value-added tax as stipulated by the state; 3. Hunan military enterprises' military sales revenue (excluding military-to-civilian enterprises that have issued industrial and commercial business licenses); 4, national defense projects, flood control projects (excluding commercial and service facilities), orphanages, homes for the elderly construction land; 5. Other exemptions stipulated by the state.
(1) Productive enterprises such as mining, manufacturing, urban water supply, electric power, steam, hot water, gas, construction, transportation, etc. are levied at 1‰ of sales or turnover.
(II) Posts and telecommunications, commerce, catering, material supply and marketing and warehousing, real estate, public utilities, residents' services, tourism, advertising, cultural entertainment, information consulting services, technical services and other industries that serve production and life shall be levied at 2‰ of sales or turnover.
(three) private enterprises and individual industrial and commercial households, according to the actual sales or turnover of 2‰.
(four) the financial and insurance industry is levied at 2‰ of the turnover.
How to draw water conservancy construction fund?