(1) tax rate:
The applicable tax rate in urban areas is 7%.
The applicable tax rate for counties and towns is 5%.
The applicable tax rate in other regions is 1%.
(2) Calculation formula
Urban construction tax payable = business tax (or value-added tax and consumption tax) × applicable tax rate.
educational surcharges
(1) The tax rate is 3%.
(2) Calculation formula
Education surcharge payable = business tax (or value-added tax, consumption tax) ×? 3%
In addition, there is a local education surcharge.
(1) tax rate 2%
(2) Calculation formula
Local education surcharge payable = business tax (or value-added tax, consumption tax) ×? 2%
Extended data:
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, education surcharge, resource tax, property tax, urban land use tax, travel tax and stamp duty.
Accounting entry
(1) Accrual for accounting treatment first:
Borrow: taxes and surcharges
Loan: Taxes payable-consumption tax, urban maintenance and construction tax, resource tax, education surcharge and property tax, land use tax, vehicle and vessel use tax, etc.
(2) At the time of payment:
Borrow: Taxes payable-consumption tax, urban maintenance and construction tax, resource tax, education surcharge and property tax, land use tax, vehicle and vessel use tax, etc.
Loans: bank deposits
(3) Paying stamp duty
Borrow: taxes and surcharges
Loans: bank deposits
References:
Baidu encyclopedia-taxes and fees