Construction enterprises generally have multiple projects, some projects are simple tax calculation, and some projects are general tax calculation. Can the tax withheld by the same company under these two different tax calculation methods be deducted? How to write accounting entries? Xiaobian found a related question answered by Accountant Lin Chunshan from the "one-to-one list" column of the shared accountant for reference.
ask:
Our company is a construction company, which belongs to the general taxpayer, and now there are two projects, one of which is simple tax calculation and the other project is general tax calculation. This month, the simple tax withholding VAT tax is 10,000 yuan, and the general tax calculation items have to pay VAT of 25,000 yuan. Can the tax prepaid by the simplified tax be deducted from the tax payable under the general tax? How much VAT should my company pay this month? What is the relevant policy basis? How to write specific accounting entries?
answer:
Intermediate accountant Lin Chunshan replied:
Policy Rationale:
According to the Provisions on Matters Related to the Pilot Project of Changing Business Tax to Value Added Tax (Annex 2 of Cai Shui [2016] No. 36)
(7) Construction services.
1. General taxpayers who provide construction services in the form of clearing contractors may choose to apply the simplified tax calculation method to calculate taxes.
The provision of construction services in the form of clearing contractors refers to construction services in which the construction party does not purchase the materials required for the construction project or only purchases auxiliary materials, and collects labor, management fees or other costs.
2. General taxpayers who provide construction services for the A-supply project may choose to apply the simplified tax calculation method to calculate taxes.
A supply project refers to a construction project in which all or part of the equipment, materials and power are purchased by the contracting party itself.
3. General taxpayers can choose to apply the simplified tax calculation method to calculate taxes for the construction services provided by old construction projects.
conclusion:
One of the two projects of your company is a simple tax calculation and a general tax calculation, which needs to be accounted for separately and cannot deduct the tax payable.
The accounting entries of the two are different, as follows:
1) Prepaid VAT entries for simple taxable items
Debit: Taxes payable - Simple tax calculation (withholding) 10000
Credit: Bank Deposits 10000
2) VAT entries payable for general taxable items
Debit: Taxes payable - Transfer out unpaid VAT 25000
Credit: Taxes payable - VAT 25000 not paid
The above-mentioned answers of Accountant Lin Chunshan only represent personal views.
Original: Shared accountant, focusing on consulting and answering financial and tax questions.