Pre-tax deduction ratio of trade union funds and employee education funds
1. The part of the trade union funds allocated by the enterprise that does not exceed 2% of the total wages is allowed to be deducted.
2. The education expenditure of enterprise employees does not exceed 8% of the total wages and salaries, which is allowed to be deducted when calculating the taxable income of enterprise income tax; The excess shall be allowed to be carried forward and deducted in future tax years.
What do trade union funds and staff education funds mean?
Trade union funds are the expenses needed for trade union organizations to carry out various activities. According to the relevant provisions of the Trade Union Law, there are five sources of trade union funds:
1. Membership dues paid by trade union members;
Two, the establishment of trade union organizations of enterprises, institutions and organs according to the total monthly salary of all employees 2% to the trade union to allocate funds;
Three. Income paid by enterprises and institutions affiliated to the trade union;
Fourth, people's government subsidies;
5. Other income.
The employee education fund is to extract the expenses for employee education according to a certain proportion of the total wages. Employees in units not only have the right to receive remuneration and collective welfare, but also have the right to receive on-the-job training and follow-up education, so they need certain education funds.
Accounting entries of trade union funds
1. The company has established a trade union organization, and the accounting entries are as follows:
Borrow: management expenses-union funds
Loan: other payables-unit trade union
Other payables-superior trade union
Borrow: other payables-unit trade union
Other payables-superior trade union
Loans: bank deposits
The company has not established a trade union organization, and the accounting entries are as follows:
Borrow: management expenses-union funds
Loan: other payables-superior trade union
Borrow: other payables-superior trade union
Loans: bank deposits
Accounting entries of employee education fund
Cumulative time:
Borrow: management expenses-employee education funds
Loans: Payables-Employee Education Fund
When paying:
Borrow: Payables to Employees-Employee Education Fund
Loans: bank deposits