The calculation method is: water conservancy construction fund = current income of the enterprise * collection rate stipulated by the tax bureau. The water conservancy construction fund is a government fund specially used for water conservancy construction, which is levied by the tax authorities and should be accrued and paid according to the sales income. Different provinces and cities have different collection ratios, such as 0.06% in Hunan Province. 0.0 1% in Zhejiang province.

First, what is the water conservancy construction fund?

Water conservancy construction fund is a government fund specially used for water conservancy construction. It consists of central water conservancy construction fund and local water conservancy construction fund. The central water conservancy construction fund is mainly used for the maintenance and construction of major river key projects related to the overall situation of national economic and social development. Local water conservancy construction funds are mainly used for urban flood control and the management, maintenance and construction of small and medium-sized rivers and lakes. The management expenses of major water conservancy construction projects across river basins and provinces (autonomous regions and municipalities directly under the Central Government) and key protection projects of transnational rivers and border rivers in China shall be borne by the central and local governments. Because the central water conservancy construction fund is generally extracted from the income of vehicle purchase tax, railway construction fund and port construction fee, the water conservancy construction fund paid by enterprises usually refers to the local water conservancy construction fund.

Two, water conservancy construction fund collection standards and scope of exemption

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 project construction funds was reduced by 25%. Beijing stopped collecting local water conservancy construction funds from 20 19, which is expected to reduce the burden on units and individuals 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.