For general taxpayers:: Value-added tax - = output tax - input tax

Output tax = sales/1.17*0.17)

Input tax = Certified input tax value-added tax -

Corporate income tax: 25% of reported profits. There are also levies based on fixed quotas.

Local tax: Urban construction tax---VAT amount*0.05 (county level)

---VAT amount*0.07 (county-level city or above)

Education Additional------VAT amount*0.03

Local education surcharge------VAT amount*0.02

VAT for small-scale taxpayers is accrued at the time of sale:

Debit: cash, bank deposits, accounts receivable (tax included)

Loan main business income

Loan tax payable - value-added tax (Sales revenue tax)

Loan main business income

Loan tax payable - value-added tax payable - output (no tax sales income * 0.17)

Input: Debit: Raw materials, inventory, fixed assets, management expenses and other accounts

Debit: Taxes payable—VAT payable—Input

Credit: Bank, cash, payable Accounts and other accounts

VAT payable by general-scale taxpayers = output tax - input tax

When calculating auxiliary tax:

Debit to the main business Business taxes and surcharges

Loan tax payable—urban construction tax (value-added tax x 7%, county seat is 5%)

—education surcharge (value-added tax x 3%)

—Local education fee surcharge (value-added tax x 2%)

Debit: management expenses-water conservancy construction fund

Credit: taxes payable—water conservancy construction fund (value-added tax) x1%) There are regional differences, and some are based on 1/1000 of non-tax income

Debit: management expenses - stamp duty

Debit: taxes payable - stamp duty (sales income x0. 03%*ratio approved by the tax bureau)

When paying taxes, borrow the tax payable—VAT (sales income x 3%)

—Urban construction tax (VAT x 7%)< /p>

—Education surcharge (value-added tax x 3%)

—Local education surcharge (value-added tax x 2%)

—Water conservancy construction fund (value-added tax x 1%) , Note: In some areas, the value-added tax payable is 1%))

—Stamp tax (tax-free sales income x 0.03%*ratio approved by the tax bureau)

Loan: Cash on hand/bank deposit