When is stamp duty included in the tax?

My second brother is really busy these days. The audit came early, and all kinds of things piled up.

At this time of the year, other departments are in various summary meetings and commendation meetings, and there is a joyful atmosphere of not wanting to work before the Spring Festival and waiting for a holiday, while the financial department is busy with all kinds of overtime, all kinds of audit cooperation and all kinds of information provision.

I was too busy to post the article in time, and I didn't reply to you in time. Today is a hard weekend, so I seldom have a rest. I want to read the news slowly and answer your previous question.

A series of articles about stamp duty were published two days ago.

I received a lot of news, one of which almost distracted me and asked me whether stamp duty was included in the management fee or the tax payable.

I didn't expect so many friends to have doubts about a small stamp duty account. In normal times, I never thought about this problem at all, but now everyone has this problem, so my second brother will talk about his own views by the way.

First of all, let me talk about my own practice. In our company for so many years, stamp duty is declared on a monthly basis and recorded in two accounts.

withdraw

Borrow: taxes and surcharges

Loan: Taxes payable-Stamp duty payable

lump-sum payment

Borrow: Taxes payable-Stamp duty payable

Loans: bank deposits

That's it. That's it.

Then I read the messages of two readers and found that they were actually two doubts.

1. Is stamp duty included in management fees or taxes?

2. Does the stamp duty need to be accrued first, and should it be accounted with the tax payable?

In fact, there is basically nothing to say about the problem of 1. As we all know, after the publication of Caijing Document No.2016, the stamp duty previously included in the management expenses has been changed into taxes and fees.

However, since I am writing an article, I will systematically tell you the overall situation of this matter, and everyone should understand and review it.

Stamp duty is included in the management expenses before February 3, 20 16 (the implementation date of Caijing Document [2065438+06] No.22), while the Accounting Standards for Small Enterprises, which came into effect on October 0, 20 13, is included.

The document Accounting [2065438+06] No.22, which came into effect on February 3, 20 16, clearly pointed out that after the value-added tax is changed from business tax in an all-round way, the name of the subject "business tax and surcharges" will be adjusted to "taxes and surcharges", and the consumption tax, urban maintenance and construction tax, resource tax, education surcharge, property tax and land use tax incurred by enterprises will be accounted. The "business tax and surcharge" item in the income statement is adjusted to "tax and surcharge" item.

So, now we only include taxes and surcharges.

Of course, if the initial measurement cost of fixed assets, intangible assets, long-term equity investment, inventory, biological assets, investment real estate and other assets purchased by an enterprise, the taxes and stamp duty to be paid in the purchase link should be included in the cost.

The second question is, does stamp duty need to be accrued first, and does it need to be calculated according to the tax payable?

Some people always say that there are regulations that stamp duty does not pass the tax payable accounting.

Then say someone else.

withdraw

Borrow: taxes and surcharges

Loan: Taxes payable-Stamp duty payable

lump-sum payment

Borrow: Taxes payable-Stamp duty payable

Loans: bank deposits

This is not right.

It should be direct.

Borrow: taxes and surcharges

Loans: bank deposits

To be honest, I think friends who have this idea should think more deeply and know more about the essence, not the surface.

"Guidelines for the Application of Accounting Standards for Enterprises-Appendix Accounting Subjects and Major Accounting Treatments" does stipulate that:

Taxes such as stamp duty and farmland occupation tax paid by enterprises that do not need to estimate the payable amount are not accounted for.

But what you should pay attention to here is, what subject is the tax payable?

Taxes payable is a liability account, which belongs to the current expenses according to the accrual basis, even if there is no actual expenditure, it should be included in the current period. If there is no actual expenditure, it needs to be accrued first and included in the tax payable.

The standard is that taxes paid without estimating the tax payable do not need to be accounted for by the tax payable. This is understandable and does not need to be estimated. If it happens directly in the current period, I will just pay directly through the bank deposit, and there is no need to withdraw it first.

But as the second brother said in the previous link, stamp duty is basically a summary declaration and payment, usually on schedule, and the next month is declared and paid last month. Then in fact, you should make a monthly withdrawal and then declare and pay, or you should make a monthly withdrawal and then pay through the tax payable.

As for the initial measurement cost of your purchase of fixed assets, intangible assets, long-term equity investment, inventory, biological assets, investment real estate and other assets, the stamp duty to be paid during the purchase process is paid directly, and you can do it without paying taxes.

But you can't say that stamp duty is wrong by accounting the taxes payable.

Also, on the contrary, in the daily accounting, the second brother strongly encourages everyone to pass the tax payable accounting.

Why?

It's convenient to check later, such as how much stamp duty you paid in the current period.

You can directly query the payable tax-payable stamp duty debit. If you include all the taxes and fees, there are no detailed subjects, and there are other taxes and fees under the taxes and fees, then you should export the details one by one for statistics.

Recently, the company is auditing. In fact, the audit will also audit the tax payable subjects every year. They also depend on the occurrence of your tax payable, which is part of the financial statements.

Statistics is a very enjoyable and relaxing thing if you figure out the accounts clearly.