First, what is the education surcharge:
Education surcharge is a kind of surcharge levied on units and individuals who pay value-added tax, consumption tax and business tax.
Role: develop local education and expand the sources of local education funds.
II. Collection, management, tax rate and calculation method of education surcharge:
1.1On April 28th, 1986, the State Council promulgated the Additional Interim Provisions on the Collection of Education Fees, which began to be collected on July 30th of the same year.
2, the additional tax rate of education fees is 3% of the "three taxes" tax.
3 based on the amount of value-added tax, consumption tax and business tax actually paid by taxpayers.
Surcharge on education fee payable = (actually paid value-added tax, consumption tax and business tax) ×3%
4. When the payer declares and pays the value-added tax, consumption tax and business tax, he also declares and pays the education surcharge.
5. The surcharge for education shall be levied by the local tax bureau, or it may be entrusted to the State Tax Bureau.
6. If the payer fails to pay the education surcharge within the prescribed time limit and needs to pay the late payment fee and fine, it shall be stipulated by the county or municipal people's government.
7. The customs shall levy value-added tax and consumption tax on imported products, and no additional education fee shall be levied.
Third, accounting treatment:
1. The surcharge for education paid by enterprises shall be accounted by the subject of "tax payable-surcharge for education payable".
2. Entries in accrual period:
Borrow: business tax and surcharges
Loan: Taxes payable-education surcharge
3. Additional time entry for paying education fee:
Borrow: Taxes payable-education surcharge
Loans: bank deposits