I forgot to accrue business tax last year, but I have already paid the tax, how to deal with it?

If the tax has been paid, it can be made up and adjusted for last year's profit or loss.

Supplement: Borrow: Principal business tax and surcharge.

Credit: Taxes Payable Sales tax payable.

Taxes payable Urban construction tax payable.

Taxes payable Education surcharge payable.

Taxes payable Local education surcharge should be paid.

Settlement ** debit: Profit and loss adjustment for previous years.

Credit: Principal business tax and surcharge.

Debit: Profit distribution Undistributed profits.

Credit: Prior Year Profit and Loss Adjustment.

There are nine tax items of business tax: transportation, construction, post and telecommunications, and culture and sports are subject to a 3% tax rate; The tax rate is 5% for the financial and insurance industry, the service industry, the transfer of intangible assets, and the sale of immovable property, and the tax rate is 5% to 20% for the entertainment industry.

However, with the promotion of the business tax to value-added tax, the tax items of the transportation industry, the postal service industry in the tax item, the warehousing and advertising industry in the tax item of the service industry, and the transfer of trademark rights, copyrights, patent rights, and non-patented technologies in the tax items of intangible assets have been suspended.

1. First of all, let me tell you that both the "Accounting System for Business Enterprises" and the tax law allow non-material accounting errors to be adjusted and corrected in the accounting period found, without the need to correct them through the "profit and loss adjustment of previous years" account.

2. As far as you said, it mainly involves the problem of "I forgot to accrue the business tax last year, but I have already paid the tax, how to deal with it": because the tax was paid without the accrual, then in the "tax payable" account in terms of business tax and urban construction tax, there must be a balance on the debit side, so it must be adjusted.

3. Adjust the supplementary period:

Borrow: Main taxes and surcharges.

Credit: Tax Payable Business Tax Payable.

Credit: Tax Payable Urban Construction Tax Payable.

The profit of the year is carried forward to reflect the profit or loss of the current period.

Borrow: Profit for the current year.

Credit: Taxes and surcharges. Hereby!

In July, the business tax and urban construction tax in June can be supplemented, and if it is found this year, it can not be mentioned again, and the profit and loss will be crossed.

At that time, the entries you made were debit: tax payable --- business tax.

- Urban Construction Tax. Credit: Bank deposits.

Is it? That is to say, if you find out that there is a debit balance in the tax payable account on the account, then you can adjust the profit and loss of the previous year now! If the amount is not large, just find that the current period directly enters the product sales tax and surcharge!!

Just carry forward the amount of tax paid due to the final accrual of the tax payable!!

It can be processed through the profit and loss adjustment account for previous years, and the specific treatment is as follows:

1. When making up the withdrawal.

Debit: Profit and loss adjustments for prior years.

Credit: Taxes and fees payable - Flood control payable**, etc.

Meantime. Debit: Profit distribution Undistributed profits.

Credit: Prior Year Profit and Loss Adjustment.

2. When paying.

Borrow: Taxes and fees payable - Flood control payable**, etc.

Credit: Bank deposits.

In addition, if the income tax accrued at the end of the year is also due to the error of uncarried business tax and surcharge, it will also need to be adjusted. That is, due to the fact that the previous year's taxes and surcharges were not transferred, resulting in an inflated increase in the profits of the previous year, the income tax paid in the previous year must have been overpaid, and the income tax paid in the previous year should be reversed after the tax and surcharge of the previous year were transferred.

If you forget to accrue the enterprise income tax over the years, you can make up the accrual this year.

Borrow: Prior Year Profit and Loss Adjustment - Income Tax Expense, Credit: Tax Payable - Corporate Income Tax, Borrow:

Profit distribution - undistributed profits, credit: profit and loss adjustment of previous years - income tax expense, enterprise income tax is a tax levied on the production and operation income and other income of domestic enterprises and business units in China. Its tax items mainly include income from the sale of goods, income from the provision of services, income from the transfer of property and property, dividend income, interest income, rental income, royalty income, donation income and other income.

1. As mentioned in the question, if the "proceeding tax" mentioned by the pure questioner of Tizai Bridge refers to the input tax, then there is no need to do special treatment in this situation, and the routine operation is acceptable, and the following opinions are given to the questioner for reference;

2. Under the accrual principle, the accrual of expenses in the current year (debiting management expenses and crediting other payables and other related accounts) shall be liquidated (payment and settlement and obtain legal bills) within the settlement period of the enterprise income tax final settlement at the beginning of the following year, and after obtaining legal bills such as invoices and tax deduction vouchers in accordance with the law, other related accounts payable and other related accounts shall be debited, and the tax payable - VAT payable - input tax accounts shall be debited, and bank deposits and other accounting accounts can be credited;

3. The questioner should note that if there is a difference between the actual settlement amount of the next year and the amount of the previous year (that is, the balance of the account involved in the business is generated after the completion of the above accounting treatment), then the difference amount can be directly adjusted to the management expense account (executionSmall Business Accounting Standardsof), as executedAccounting Standards for Business Enterprises, then, the following accounting entries should be prepared through the previous year's profit and loss adjustment account:

Borrow or Credit: Profit or loss adjustment for previous years.

Credit or debit: other accounts payable and other related to the account.

Borrow or Credit: Profit distribution - undistributed profit.

Credit or Debit: Profit or loss adjustment for previous years.

If the adjustment of enterprise income tax is involved, the enterprise income tax and undistributed profits should also be adjusted through the profit and loss adjustment account of the previous year (the relevant accounting treatment is ignored here);

The small business accounting standard can replace the income tax type with profit distribution-undistributed profits, and the business accounting standard can use the profit and loss adjustment of prior years instead of income tax expense. It's up to you to do it.

Debit: Income Tax Expense or Profit Distribution - Undistributed Profit or Loss Adjustment for Previous Years, Credit: Tax Payable - Income Tax Payable, When Paid:

Debit: Tax Payable - Income Tax Payable, Credit: Bank Deposit.

"Taxes and surcharges on the main business"It has a high proportion relationship with income, which has a greater impact on the profit and loss of the current year, and the taxes and surcharges of the main business that were not carried forward last year are major accounting errors and need to be settled through the "profit and loss adjustment of previous years" account

Debit: Profit and loss adjustments for prior years.

Credit: Principal business tax and surcharge.

1) If the income tax accrued at the end of the year is also due to the error of uncarried business tax and surcharge, it also needs to be adjusted. That is, due to the fact that the previous year's taxes and surcharges were not transferred, resulting in an inflated increase in the profits of the previous year, the income tax paid in the previous year must have been overpaid, and the income tax paid in the previous year should be reversed after the tax and surcharge of the previous year were transferred.

Borrow: Tax Payable - Income Tax Payable.

Credit: Prior Year Profit and Loss Adjustment.

2) Transfer the balance of the "Profit and Loss Adjustment for Previous Years" account after the above two adjusting entries to undistributed profit:

Debit: Profit distribution – undistributed profit (actually a write-off).

Credit: Prior Year Profit and Loss Adjustment.

3) Adjust the amount of profit distribution affected by the tax and surcharge. That is, the tax and surcharge were not transferred in the previous year, resulting in an inflated profit in the previous year. The profit distribution of the previous year will also be divided into more points, and the part of the overdistribution should be reversed this time (adjust the difference):

Borrow: surplus reserve (amount allocated in the previous year - adjusted amount to be distributed).

Credit: Profit for the year – profit distribution.

At the end of the previous year, if you forget to accrue the main business tax and surcharge, how to deal with it can be handled through --- profit and loss adjustment account of the previous year, specifically:

Retroactive borrowing: Profit or loss adjustment for previous years.

Credit: Taxes and fees payable - Flood control payable**, etc.

At the same time, borrow: profit distribution - undistributed profit.

Credit: Prior Year Profit and Loss Adjustment.

Payment: Taxes and fees payable - flood control payable**, etc.

Credit: Bank deposits.

Forget to accrue VAT, when you make up for it this month, you can make all the entries made in the previous month, and then make the correct accounting entries, it is recommended to use the difference to make up for the taxes and fees of the previous month, and the specific accounting treatment is as follows:

Borrowing coarse: accounts receivable (the difference part).

Credit: main business income (the difference part).

VAT Payable – Unpaid VAT (Difference).

What should I do if I didn't accrue VAT before?

Debit: Tax Payable - VAT Payable (Unpaid VAT Transferred) Credit: Tax Payable - Unpaid VAT.

The main business tax and surcharge are urban construction tax, education surcharge, local education surcharge, resource tax, etc. For VAT, when the monthly output tax and input tax are calculated, the VAT payable for the current month has been clarified. The main business tax and surcharge is mainly based on the payable (value-added tax + business tax + consumption tax) as the basis for the calculation of additional taxes and fees, including the payable urban construction tax, education surcharge, local education fee surcharge, and now the local water conservancy construction is added, and the resource tax calculated according to the prescribed proportion, etc., these additional taxes and fees, according to the principle of fee income ratio should be calculated every month, and timely included in the profit and loss of the month.