According to the relevant regulations, enterprises should pay education surcharge, which refers to extra-budgetary funds collected by tax authorities, arranged by the education department at the same level and supervised and managed by the financial department at the same level, and earmarked for the development of local education. How to make accounting entries when enterprises withdraw cash at the end of the year?

Additional accounting entries for enterprises to withdraw and pay education fees

Extra time for extracting relevant education expenses.

Borrow: taxes and surcharges

Loan: tax payable-surcharge for education payable

Extra time to pay related education expenses

Borrow: taxes payable-education surcharge payable

Loans: bank deposits

Profits carried forward from the end of the period to this year

Debit: this year's profit

Credits: taxes and surcharges

Tax basis for additional education fees

Education surcharge is based on the value-added tax and consumption tax actually paid by taxpayers. It is calculated and collected at the same time as value-added tax and consumption tax, and the collection rate is formulated by the local tax authorities of each province.

According to the Regulations on the Administration of Additional Use of Local Education, all units and individuals who pay value-added tax and consumption tax within the administrative areas of provinces and municipalities directly under the Central Government shall pay local education surcharges as required.

What are taxes and surcharges?

Taxes and fees refer to the relevant taxes and fees that enterprises should bear in their business activities, including consumption tax, urban maintenance and construction tax, resource tax, education surcharge, property tax, travel tax, urban land use tax, stamp tax, etc. The debit of this course records the amount of relevant taxes and fees that should be paid according to the regulations; The amount of "this year's profit" carried forward by the lender has no balance after the end of the period.

Taxes payable and tax difference

1, taxes and surcharges reflect the consumption tax, urban maintenance and construction tax, urban land use tax, resource tax and education surcharge that the enterprise should bear in its main business. Taxes and fees belong to expense accounts, with debit registration increasing and credit registration decreasing;

2. Taxes payable include taxes paid by enterprises according to law, such as value-added tax, consumption tax, enterprise income tax, resource tax, land value-added tax, urban maintenance and construction tax, property tax, land use tax, vehicle and vessel tax, education surcharge, stamp duty, farmland occupation tax, and personal income tax collected and remitted by enterprises before being turned over to the state. Taxes payable belong to liabilities, with credit registration increasing and debit registration decreasing.

3, the final tax and additional directly carry forward this year's profit; The tax payable shall be directly written off when it is paid.