How to pay taxes for small scale cosmetics trading companies?

Value-added tax and income tax must be paid.

Value Added Tax, Consumption Tax, Enterprise Income Tax, Urban Construction Tax, Education Surcharge Tax, etc.

1. Value-added tax.

Value-added tax (VAT) is a turnover tax levied on the basis of the value-added amount generated by goods (including taxable services) in the process of circulation. In terms of tax calculation principle, value-added tax is a turnover tax levied on the added value or added value of commodities in multiple links in the production, circulation and labor services.

Since July 1, 2017, the relevant policy of simplifying the VAT rate has been officially implemented, and the original 13% tax rate applicable to sales or imports of goods has been reduced to 11%, which will involve 23 categories of products such as agricultural products, natural gas, edible salt, and books.

On March 28, 2018, the executive meeting decided to reduce the value-added tax rate from 17% to 16% for manufacturing and other industries, and from 11% to 10% for goods such as transportation, construction, basic telecommunication services and agricultural products.

2. Enterprise income tax.

Enterprise income tax is a tax levied on the production and operation income and other income of China's domestic-funded enterprises and business units. The range of taxpayers is larger than corporate income tax.

Income tax = taxable income * tax rate (25% or %) taxable income = total income - non-taxable income - tax-exempt income - various deductions - loss in previous years.

3. Consumption tax.

Consumption tax excise duty (special goods and services tax) is a general term for various taxes that are levied on the turnover of consumer goods. is a tax levied on consumer goods that can be levied from a wholesaler or retailer. Excise tax is a typical indirect tax.

4. Urban construction tax.

Urban maintenance and construction tax (hereinafter referred to as urban construction tax) is a tax calculated and levied according to law based on the amount of value-added tax and consumption tax actually paid by taxpayers.

The proportion of urban construction tax is 5%, that is, urban construction tax payable = VAT payable*.

5. Additional tax on education fees.

Educational surtax is an additional tax levied on units and individuals who pay value-added tax, business tax and consumption tax in cities and counties on the actual amount of three taxes paid.

The education surcharge is 3%, i.e. the education surcharge payable = VAT payable*; The local education surcharge is 2%, i.e. local education surcharge payable = VAT payable*.

Companies that sell cosmetics are required to pay value-added tax, urban construction tax, education surcharge, enterprise income tax, and have their own real estate, as well as "real estate tax", urban land use tax, and stamp duty. The consumption tax is paid by the factory where you are entrusted with the processing, but the money paid for the tax must be calculated elsewhere with you.

For VAT, the general taxpayer shall be subject to a tax rate of 17%, and the small-scale taxpayer shall be subject to a levy rate of 6%. The tax on the number of sheds in urban construction, 7% of the value-added tax paid, the additional tax on education fees, 3% of the value-added tax paid, and the enterprise income tax (or individual income tax): calculated according to the annual taxable income.

If you have your own real estate, you must pay "real estate tax", if you have the right to use land, you must pay "urban land use tax", and you must pay stamp duty when you sign a taxable contract and use business account books and rights certificates.

1. Value-added tax (VAT) in the past few years. The tax rate of 17% shall be applied to general taxpayers, and the levy rate shall be 6% shall be applied to small-scale taxpayers;

2. Urban construction tax: 7% of the value-added tax paid;

3. Education fee surcharge: 3% of the actual value-added tax;

4. Enterprise income tax (or individual income tax): calculated according to the annual taxable income;

5. If you have your own real estate, you must pay "real estate tax";

6. If you have the right to use land, you must pay "urban land use tax";

7. Stamp duty shall be paid for the signing of taxable contracts and the use of business account books, rights certificates and other stools.

The types of taxes to be paid are as follows.

1. Value-added tax, if it is a small-scale taxpayer, it is calculated according to the levy rate of 3%, and the value-added tax payable = 5000 * 3% = 150;If it is a general taxpayer, VAT payable = value-added amount * 17%;

The value-added amount refers to the amount of value remaining after deducting the difference between the value of goods and services purchased in the current period from the sales amount, that is, the part of the value created by the enterprise or individual in the process of production and operation.

2. It is necessary to prepay income tax on a quarterly (monthly) basis, which is calculated on a monthly basis, and the enterprise income tax payable = 4000 * 25% = 1000;After the end of the year, the final settlement shall be carried out within five months, and the income tax payable and refundable shall be settled;

3. Fulfill the full withholding obligation of all employees and withhold and pay individual income tax;

4. Additional taxes and fees such as urban construction tax and education surcharge;

5. Pay land tax according to the area of land occupied. If it is an office for self-use, it is also subject to property tax.

The questions you ask are more general, you can consult the local tax bureau or call tax consultation **12366 for specific questions.

Cosmetics are subject to consumption tax...

The sale of cosmetics belongs to the sales industry, and the VAT and consumption tax are paid, which are 17% and 4% respectively, 30% of the consumption tax, and 5% of the additional urban construction tax.

What taxes need to be paid for retail cosmetics is a common problem in accounting practice, and companies that sell cosmetics need to pay value-added tax, urban construction tax, etc. every month. This article will make a relevant introduction to what taxes need to be paid for retail cosmetics, let's follow the deep space network to understand!

What taxes are paid on retail cosmetics?

A: Retail cosmetics are subject to VAT, and if they are high-end cosmetics, they are subject to consumption tax.

The types of taxes that need to be paid for retail cosmetics are as follows:

1. Value-added tax.

The applicable tax rate for general taxpayers is 17%, and the applicable levy rate for small-scale taxpayers is 6%.

2. Urban construction tax.

7% of the VAT actually paid.

3. Additional education fees.

3% of the VAT actually paid.

4. Enterprise income tax (or individual income tax).

When paying, it is calculated according to the annual taxable income.

5. If you have your own property, you have to pay real estate tax.

6. If there is a land use right, the urban land use tax shall be paid.

Do commercial enterprises need to pay GST when selling cosmetics?

A: Commercial enterprises do not need to pay GST when selling cosmetics.

China's consumption tax is a kind of in-price tax, and the implementation of a single link collection, usually in the production of taxable consumer goods, commissioned processing and import links to pay, in the later wholesale, retail and other links, because the price has included the factor of consumption tax, key lead, so there is no need to pay consumption tax Jane Liang or.

At present, the only taxable consumer goods subject to GST at the retail level are gold and silver jewellery, diamonds and diamond ornaments. Therefore, commercial enterprises do not need to pay consumption tax when selling cosmetics.

Accounting entries for the sale of cosmetics.

The sale of cosmetics shall be included in the main business income account, and the specific accounting entries are as follows:

Borrow: Bank deposit.

Credit: main business income.

Tax Payable – VAT Payable – Output Tax.

How to make accounting entries when buying cosmetics for employees?

When the purchase is issued, the accounting entries are as follows:

Borrow: Employee Compensation Payable - Employee Benefits.

Credit: Bank deposits (cash on hand).

At the end of the month, the accounting entries are as follows:

Borrow: Management Expenses - Welfare Expenses.

Credit: Employee Compensation Payable – Employee Benefits.

VAT for small-scale taxpayers of cosmetics = sales excluding tax * 3%.

VAT for small-scale cosmetics taxpayers = tax-included sales (1+3%)*3%.

VAT is an additional tax, and when calculating VAT, it is calculated excluding tax**

Article 13 of the Provisional Regulations on Value-Added Tax stipulates that small-scale taxpayers shall calculate the tax payable according to the sales amount and the levy rate specified in Article 12 of these Regulations when selling goods or taxable services, and shall not deduct the input tax. Formula for calculating tax payable:

Tax payable = sales amount Levy rate (there is no statutory tax rate of 4%)Sales amount = Tax-included sales revenue (1 + levy rate).

Therefore, for small-scale taxpayers who implement audit collection, the sales income (including tax) of 1000 should be subject to value-added tax [1000 (1+4%)] 4% = yuan, but for the verification and collection of small-scale taxpayers, it is very likely that the competent tax authorities will verify and verify the sales amount excluding tax.

Companies engaged in wholesale and retail cosmetics:

1. Value-added tax (the tax rate for small-scale taxpayers is 3%, and the tax rate for general taxpayers is 17%-) or business tax.

2. The applicable tax rate of urban construction tax (value-added tax + business tax + consumption tax) * applicable tax rate refers to the tax rate of 7% in the urban area where the taxpayer is located, 5% for those not in the county, town and large and medium-sized industrial and mining enterprises in the county, and 1% for those not in the city, county and town

3. Education surcharge (value-added tax + business tax + consumption tax) tax amount * 3% 4, local education fee surcharge (value-added tax + business tax + consumption tax) tax amount * 2% 5, flood control berm fee (value-added tax + business tax + consumption tax) tax amount * 1% 6, enterprise income tax (total profit * 25%) The new income tax law stipulates that the statutory tax rate is 25%, which is consistent between domestic and foreign-funded enterprises, 15% for high-tech enterprises that need to be supported by the state, and 20% for small and low-profit enterprises. 20% for non-resident enterprises.

7. Stamp duty.

8. Vehicle and vessel use tax.

9. Property tax.

10. Land use tax.

Others don't happen very often.

Individuals pay individual income tax.

Corporate – VAT, corporate income tax, taxes and surcharges, etc.

Personal - VAT, personal income tax, taxes and surcharges.

There is not much, it is deducted from the commission.