Additional accounting entries of local education expenses
Debit: taxes and surcharges,
Loan: taxes payable-local education surcharge payable.
When paying:
Borrow: taxes payable-local education surcharge.
Loans: bank deposits
What is the education surcharge?
Local education surcharge refers to a local government fund levied in accordance with the relevant provisions of the state in order to implement the strategy of "rejuvenating the province through science and education", increase the investment of local education funds and promote the development of education in all provinces, autonomous regions and municipalities directly under the central government.
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.
Local education surcharge = (VAT+consumption tax) × 2%;
Education surcharge = (actually paid VAT+consumption tax) × 3%.
Education surcharge should be included in the accounting of "taxes and fees-education surcharge".
What are the secondary subjects that should pay taxes and fees?
General taxpayers of value-added tax should set up detailed accounts such as payable value-added tax, unpaid value-added tax, prepaid value-added tax, input tax to be deducted, input tax to be certified, value-added tax to be written off, value-added tax allowance, simple tax calculation, value-added tax payable for financial goods transfer, and value-added tax withheld on behalf of others.
Enterprises should comprehensively reflect the payable and payment of various taxes and fees through the subject of "taxes payable".
Stamp duty, farmland occupation tax, deed tax, vehicle purchase tax, etc. You don't need to expect to pay taxes, so you don't pass the accounting of "taxes payable".