The issue of the transfer of input tax on fixed assets

No, only fixed assets such as production equipment purchased after 2009 are eligible for input tax deduction. And before deducting input tax, you must first file with the tax bureau. When raw materials are used for construction projects, input tax needs to be transferred out. Self-built projects are not eligible for input tax deduction.

Article 21 of the Detailed Rules for the Implementation of the Provisional Regulations on Value-Added Tax stipulates that "fixed assets refer to machines, machinery, means of transport and other equipment, tools and appliances related to production and operation with a service life of more than 12 months." The input tax credit is not allowed for the immovable property of general taxpayers and the purchased goods used for immovable property construction in progress.

Article 23 of the Detailed Rules for the Implementation of the Provisional Regulations on Value-Added Tax further defines immovable property and immovable property under construction, that is, "immovable property refers to property that cannot be moved or will cause changes in nature and shape after moving, including buildings, structures and other land attachments." Taxpayers' new construction, reconstruction, expansion, repair and decoration of immovable property are all immovable property projects under construction. ”

When raw materials are used for construction projects, input tax needs to be transferred out. Self-built projects are not eligible for input tax deduction.

Only the purchase of fixed assets can be deducted and used for production.

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).

Answer: The input tax on inventory is deducted when purchasing inventory, so the input tax should be transferred out when the inventory is lost; But there is one difference between the input tax treatment of fixed assets and inventory: time.

Before January 1, the input tax on fixed assets was included in the cost instead of 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.

The accounting treatment of the Guyu Yinding assets purchased in previous years is to debit: fixed assets, credit: tax payable - VAT payable (input tax transferred out).

Debit: Tax payable - VAT payable (input tax transferred out), Credit: Tax payable - VAT not paid.

Debit: Tax Payable - VAT Not Paid, Credit: Bank Deposit.