How to pay for business entertainment expenses without main business income

There is no main business income, and only investment income occurs in the current year. According to the provisions of Cai Qi [2001] No. 251 document, 2% of the investment income can be used to pay business entertainment expenses before tax, which shall be implemented in accordance with the provisions of the new enterprise income tax law.

Article 43 of the Regulations for the Implementation of the Enterprise Income Tax Law of the People's Republic of China stipulates that the business entertainment expenses incurred by an enterprise in connection with production and business activities shall be deducted according to 60% of the amount incurred, but the maximum shall not exceed 5% of the sales (business) income of the current year.

Article 44 stipulates that the eligible advertising expenses and business publicity expenses incurred by enterprises, unless otherwise stipulated by the competent financial and tax authorities, shall not exceed 15% of the sales (business) income of the current year, and shall be allowed to be deducted; The excess amount is allowed to be carried forward and deducted in subsequent tax years.

The Supplementary Notice on the Annual Tax Return of Enterprise Income Tax (Guo Shui Han [2008] No. 1081) stipulates:

Appendix 1 (1) Instructions for Filling in the Income Statement.

3. Instructions for filling in the relevant items.

1.Line 1 Total sales (business) income: Fill in the main business income and other business income recognized by the taxpayer in accordance with the national unified accounting system, as well as the deemed sales revenue recognized in accordance with the tax regulations.

The Bank's data is used as the basis for calculating the deduction limit for business entertainment expenses, advertising expenses and business promotion expenses.

3.Line 3 Main business income: According to the business nature of different industries, the main business income of the taxpayer calculated in accordance with the national unified accounting system shall be filled in.

Therefore, according to the above-mentioned documents, the main business of an investment company is investment, and its investment income should be regarded as its investment.

Main business income.

It can be used as the basis for calculating the deduction limit for business entertainment expenses, advertising expenses and business promotion expenses. The deduction ratio of business entertainment expenses, advertising expenses and business entertainment expenses shall be deducted in accordance with the proportion stipulated in the Regulations for the Implementation of the Enterprise Income Tax Law.

1. According to the provisions of accounting standards, business entertainment expenses are included in the management expenses.

2. However, in actual work, many enterprises in order to assess the actual entertainment expenses of each department, are recorded according to the department, the entertainment expenses incurred by the administrative department are generally included in the management expenses, the business entertainment expenses of the sales department are included in the sales expenses, and the business entertainment expenses incurred in the workshop are generally included in the manufacturing expenses.

It needs to be recorded in the corresponding topic according to the actual situation.

If the management expenses incurred by the management are included in the management expenses - business hospitality. Hungry if the hospitality of the workshop is included in the cost of manufacturing - business hospitality. The hospitality of the project is included in the hospitality of the building.

Entertainment expenses incurred in the sales business are included in the sales expenses. The accounting treatment is as follows:

Borrowing: Management Fee Manufacturing Expense Sales Fee Engineering Construction - Business Hotel.

Loans: Cash.

In view of the fact that some enterprises are mainly engaged in foreign investment, ** and other businesses, and have no main business income, the Ministry of Finance's Notice on the Issue of Business Entertainment Expenses without Main Business Income (Cai Qi [2001] No. 251) stipulates that all enterprises that do not have the main business income such as sales or hail auction business as stipulated in the industry financial accounting system can pay the necessary business entertainment expenses in the management expenses according to the proportion of the various types of income they have obtained2. All kinds of income obtained by the enterprise, including investment income, income, sales income, other business income, etc. The company has no main sales (operating) income, and the actual annual expenditure of business entertainment expenses of 10,000 yuan does not exceed the allowable deduction amount of 10,000 yuan, so there is no need to make tax adjustments for business entertainment expenses.

Expenses for business entertainment shall be included in management expenses.

In practice, it is necessary to record the corresponding accounts according to the actual situation. For example, the entertainment expenses incurred by the management department are generally included in the management expenses, the business entertainment expenses incurred by the sales department are included in the sales expenses, and the business entertainment expenses incurred in the workshop are included in the manufacturing expenses.

Management meetings for receptions.

The specific entries are as follows:

Borrow: administrative expenses, manufacturing expenses, sales expenses, and entertainment expenses.

Credit: cash on hand bank deposits.

Zhaomou early Li hospitality, that is, business entertainment expenses. Business entertainment expenses refer to the entertainment expenses paid by enterprises for the reasonable needs of production and business operations. It is a real and necessary expense incurred in the production and operation of the enterprise, and it is a necessary cost for the normal business activities of the enterprise.

Corporate entertainment expenses are usually reimbursed by filling out a requisition.

In order to assess the actual entertainment expenses incurred by each department, the enterprise will keep accounts according to the department, and the entertainment expenses incurred by the administrative department and the management department are generally included in the management expenses, and the business entertainment expenses incurred by the sales department and the business department are included in the sales expenses, but no matter which account is included in the account, the secondary subject must be set as the entertainment expenses, because the tax law has special provisions on the deduction of business entertainment expenses.

Non-operating income includes fixed assets such as houses, buildings, machinery, and machinery with a service life of more than one year; Items with a service life of more than two years that do not belong to the main equipment of production and operation; and that his branches are not income from business.

Article 25 Fixed assets refer to buildings, buildings, machines, machinery, means of transportation and other equipment, appliances and tools related to production and operation that have been used for more than one year. Items that do not belong to the main equipment of production and operation, with a unit value of more than 2,000 yuan and a service life of more than 2 years, shall also be regarded as fixed assets. Article 84 of the Accounting System for Business Enterprises refers to the total inflow of economic interests formed by an enterprise in its daily activities such as selling goods, providing labor services and transferring the right to use assets, including main business income and other business income.

Revenue does not include payments collected on behalf of third parties or customers. Enterprises should reasonably recognize and measure various revenues according to the nature of income and in accordance with the principle of revenue recognition.