Why should the input tax on the transfer out part of the inventory loss of fixed assets? I bought th

Fixed asset inventory loss You can understand it as:change of use of assets;

Just as the raw materials purchased by an enterprise are used for employee welfare, they are not allowed to deduct input tax.

You may still wonder why raw materials used for employee welfare are not deductible for input tax?

The principle of China's value-added tax system is that the input tax on goods that have not entered the personal consumption link is deductible in principle, but once it enters the personal consumption link, the input tax on goods will not be deductible.

Because personal consumption is the last stop in the circulation of commodities, if input tax is deducted at this link, then the state will not be able to collect VAT.

Here's an example:

Coal mines produce coal, and power plants buy coal from coal mines, and the coal purchased by the power plant is deductible from input tax, because the power plant also produces electricity. When a power plant supplies electricity to the outside world and supplies electricity to residents, it means that electricity has entered the link of personal consumption, and this step cannot be deducted.

So we usually say that the bearer of VAT is the final consumer.

However, if the power plant supplies electricity to other factories or companies, the factories and companies can still deduct the VAT input tax.

Now back to your question, the inventory loss of fixed assets, which is like personal consumption, the asset can no longer be deducted from its input tax.

The purpose of VAT is to make it bearable to consumers. If consumers don't bear it, then what will the treasury fill with? Isn't it pointless to set up a VAT?

Poor management requires the transfer of input and out for human and management reasons, and the transfer of input and out of natural disasters generally does not need to be done.

If the fixed assets are not transferred out of the input tax, then there will be enterprises that direct and perform their own performances, and the tax is deducted, but they do not actually participate in the good show of production value-added.

The input tax on the inventory loss of fixed assets should be transferred out.

Before January 1, the input tax on fixed assets was recorded as a cost instead of a deduction at the time of purchase, and there was no problem of transferring out;

After January 1, the input tax on fixed assets is not included in the cost at the time of purchase, and if it has been deducted, it is treated in the same way as inventory.

If the input tax has been deducted, if the inventory is lost, the input tax needs to be transferred out; Otherwise, there is no need to transfer out the input tax, and when it is to be transferred out, the entries are;

Borrow: Loss and excess of property to be disposed of - accumulated depreciation;

Credit: Fixed assets, tax payable - VAT payable - input tax transferred out, the fixed assets are profitable, there will be no more input tax deductions, and the inventory loss of fixed assets will be transferred out of the input tax that has been deducted.

Input VAT:

Input VAT refers to the amount of VAT paid for the purchase of goods or taxable services in the current period. When the enterprise calculates, the output tax after deducting the input tax is the VAT payable. Therefore, the size of the input tax is directly related to the amount of tax paid.

Generally, the following formula is used in the calculation process of financial statements:

Input VAT = (purchased raw materials, fuel, power) * tax rate.

Input VAT is the money that has been paid and is debited when the accounting entries are prepared.

1.Originally, if the purchase of fixed assets has been deducted from the input tax, the input tax needs to be transferred out.

Borrow: Disposal of fixed assets.

Accumulated depreciation. Credit: Fixed Assets.

Debit: Other receivables (if the individual is liable).

Credit: Disposal of fixed assets.

Borrow: Disposal of fixed assets.

Credit: Tax Payable – VAT Payable (Input Tax Transferred Out).

Borrow: Non-operating expenses.

Borrow: Disposal of fixed assets.

Accumulated depreciation. Credit: Fixed Assets.

Debit: Other receivables (if the individual is liable).

Credit: Disposal of fixed assets.

Borrow: Non-operating expenses.

Credit: Disposal of fixed assets (balance transferred to non-operating expense account).

When a fixed asset is disposed of**, its input tax does not need to be transferred out.

In accordance with the provisions of the VAT tax law, general VAT taxpayers who will purchase fixed assets after January 1, 2009 (**) must issue special VAT invoices, and calculate the output VAT according to the actual valuation income multiplied by the VAT rate of 17%, and do not transfer out the input tax.

For example, in December 2013, a small-scale taxpayer sold a piece of used equipment and obtained a price of 20,600 yuan. The small-scale taxpayer shall pay VAT of 20,600 (1, 3%) and 2% 400 (yuan) for this business.

If the original purchase of fixed assets has been deducted from the input tax, the input tax needs to be transferred out;

If the original purchase of fixed assets has not been deducted from the input tax, there is no need to transfer the input tax.

Its accounting is as follows:

Borrow: Disposal of fixed assets.

Accumulated depreciation. Credit: Fixed Assets.

Debit: Other receivables (if the individual is liable).

Credit: Disposal of fixed assets.

Borrow: Disposal of fixed assets.

Credit: Tax Payable – VAT Payable (Input Tax Transferred Out).

Borrow: Non-operating expenses.

Credit: Disposal of fixed assets (balance transferred to non-operating expense account).

According to the regulations, the transfer of input tax on inventory loss of fixed assets is based on the net value. Fixed assets, intangible assets or immovable property: Input tax transferred out = net value of fixed assets, intangible assets and immovable property Applicable tax rate [Reminder] Fixed assets, intangible assets and net value of immovable property refer to the balance after depreciation or amortization accrued by taxpayers in accordance with the financial accounting system.

Link] Fixed assets, intangible assets, and immovable properties that are not deductible and have not been deducted for input tax, and the taxable items that are allowed to be deducted for input tax can be calculated and deducted in the following month after the change of use: deductible input tax = fixed assets, intangible assets, and net value of immovable property (1 + applicable tax rate) Applicable tax rate.

Summary. Hello, the fixed assets used by the enterprise do not need to transfer out the input tax that has been deducted before, but the VAT must be calculated and paid at the applicable tax rate.

Does the fixed assets used by the enterprise need to transfer out the input tax that has been deducted before?

Hello, the fixed assets used by the enterprise do not need to transfer out the input tax that has been deducted before, but the VAT must be calculated and paid at the applicable tax rate.

We are general taxpayers, do we calculate output tax according to 3%.

Hello, small-scale enterprises, the levy rate is fixed at 3%; If it is identified as a general taxpayer, the output tax will be calculated at a rate of 17%.

**Used fixed assets, isn't it 3%.

**Used fixed assets, is 3%.

(1) VAT treatment of inventory loss of fixed assets:

Article 24 of the Detailed Rules for the Implementation of the Provisional Regulations on Value-Added Tax stipulates that the term "abnormal loss" as mentioned in Article 10, Paragraph (2) of the Regulations refers to the loss caused by theft, loss, mildew and deterioration caused by poor management.

Therefore, according to the provisions of this article, the loss caused by the inventory loss of fixed assets is limited to "the loss of theft, loss, mildew and deterioration caused by poor management", and if it is not caused by these reasons, there is no need to transfer out the input VAT value-added tax.

2) Enterprise income tax treatment of losses and losses in fixed assets:

The main basis for the pre-tax deduction of fixed asset losses in enterprise income tax is the Administrative Measures for the Pre-tax Deduction of Income Tax on Enterprise Asset Losses (Announcement No. 25 of 2011 of the State Administration of Taxation).

Article 29 The balance of the net book value after deducting the compensation of the responsible person shall be confirmed on the basis of the following evidentiary materials:

1.Information on the identification and verification of responsibilities within the enterprise;

2.Fixed assets inventory table;

3.Information related to the tax basis of fixed assets;

4.Explanation of inventory loss and loss of fixed assets;

5.If the amount of loss is relatively large, there should be a professional technical appraisal report or a special report issued by a legally qualified intermediary.

Article 30 The balance of the net book value after deducting the salvage value and the compensation of the responsible person shall be confirmed on the basis of the following evidentiary materials:

1.Information related to the tax basis of fixed assets;

2.Information on the identification and verification of responsibilities within the enterprise;

3.Appraisal materials issued by relevant departments within the enterprise;

4.where liability compensation is involved, there shall be an explanation of the circumstances of the compensation;

5.If the amount of loss is large or the fixed assets are damaged or scrapped due to force majeure reasons such as natural disasters, there shall be professional technical appraisal opinions or special reports issued by legally qualified intermediaries.

If the abnormal loss is to be transferred out, the normal cleaning will not be rotated. No output tax.

If the input tax has been deducted, but the enterprise has already deducted it, it needs to be transferred out of the input tax.

processing, including:

1.Purchased goods, processing, repair and repair services, services, and intangible assets used for the simplified tax calculation method, value-added tax exemption items, collective welfare or personal consumption.

and real estate. The fixed assets involved.

Intangible assets and immovable property only refer to fixed assets, intangible assets (excluding other equity intangible assets) and immovable property dedicated to the above-mentioned items.

2.The input tax corresponding to the abnormal loss, including:

1) Purchased goods with abnormal losses, as well as related processing, repair, repair and repair services and transportation services.

2) Purchased goods (excluding fixed assets), processing, repair and repair services and transportation services consumed in products and finished products with abnormal losses.

3) Immovable property with abnormal loss, as well as the purchase of goods, design services and construction services consumed by the training of such immovable property.

4) Purchased goods, design services and construction services consumed by the construction of immovable property under construction due to abnormal losses. Taxpayers' new construction, reconstruction, expansion, repair and decoration of immovable property are all immovable property projects under construction.

3.Non-deductible input tax under special policies.

1) Purchased loan services, catering services, daily services for residents and entertainment services.

2) The input VAT shall not be deducted from the output tax for the investment and financing advisory fees, handling fees, consulting fees and other expenses directly related to the loan paid by the taxpayer to the lender for receiving loan services.