Accounting entries of employee education fund
1. When drawing:
Borrow: management expenses-employee education funds
Loans: Payables-Employee Education Fund
2. When making payment:
Borrow: Payables to Employees-Employee Education Fund
Loans: bank deposits
Can the input tax of employee education funds be deducted?
Input tax on employee education funds can be deducted.
1. The input tax indicated on the special VAT invoice for employees' education expenses obtained by the company can be deducted.
2. Input tax involving welfare expenses cannot be deducted.
Employee education funds include: on-the-job and job-transfer training, various job adaptability training, employee transportation training organized by enterprises, vocational skill appraisal/vocational qualification certification attended by employees, purchase of teaching equipment and facilities, employee education and training management fees, and employee post self-study incentive fees.
What does the employee education fund mean?
Staff education: various short training classes, staff schools, radio and television universities (middle schools), correspondence universities (middle schools), evening universities and other forms of staff education.
Employee education funds: employees of the unit have the right to receive on-the-job training and follow-up education, so they need certain education funds. Education funds refer to a certain proportion of total wages, which is used for employee education.
Deduction ratio: the part of the employee education expenses incurred by the enterprise that does not exceed 8% of the total wages and salaries is allowed to be deducted before enterprise income tax; The excess is allowed to be carried forward and deducted in future tax years.