Accounting entries for prepaid surtax:

Borrow: Taxes payable-Urban Construction Tax

Taxes payable-education surcharge

Taxes payable-local education surcharge

Loans: bank deposits

Accrual:

Borrow: taxes and surcharges

Loan: Taxes payable-Urban Construction Tax

Taxes payable-education surcharge

Taxes payable-local education surcharge

Enterprises should set up the subject of "taxes and surcharges" to account for the consumption tax, urban maintenance and construction tax, education surcharge, resource tax, property tax, urban land use tax, travel tax, stamp duty and other related taxes and fees incurred in their business activities.

Among them, the consumption tax, urban maintenance and construction tax, resource tax, education surcharge, property tax, urban land use tax, vehicle and vessel tax and other taxes related to business activities calculated and determined according to regulations shall be debited by the enterprise to the subject of "taxes and surcharges" and credited to the subject of "taxes payable".

At the end of the period, the balance of "taxes and surcharges" should be transferred to the subject of "profit this year". After carrying forward, there is no balance in the "tax and surcharge" account.

How to use taxes and additional subjects?

1. This course accounts for business tax, consumption tax, urban maintenance and construction tax, resource tax, education surcharge and other related taxes and fees incurred by enterprises in their business activities.

According to the Provisional Regulations of People's Republic of China (PRC) on Value-added Tax and the Notice on Printing and Distributing the Provisions on Accounting Treatment of Value-added Tax (Cai Shui [2016] No.22) and other relevant regulations, the property tax, travel tax, land use tax and stamp duty will be included in the "taxes and surcharges" and not included in the "management expenses" accounting.

2 enterprises in accordance with the provisions of the calculation and determination of taxes and fees related to business activities, debit the subjects, credited to the "tax payable" and other subjects. The taxes originally credited to the undergraduate course, such as consumption tax and business tax, should be debited to the subject of "bank deposit" and credited to the subject according to the actual amount received.

3 at the end of the period, the balance of this account should be transferred to the "profit of this year" account, and there should be no balance in this account after the carry-over. Because the accounting method of goods sold by installment is different from before, a new subject of "long-term receivables" is added.

How to account for the additional tax paid in the current month? In general,