What is input VAT transfer out? What does it mean to transfer out input tax?

How to calculate the input tax transferred out.

The transfer of input VAT refers to the extraordinary loss of the goods purchased by the enterprise, and when the purchased goods are repurposed, the tax bureau does not allow those that have already been recorded"Tax Payable - VAT Payable - Input VAT"The debit amount of the account is deducted.

By debiting the account in question, crediting"Tax Payable - VAT Payable - Input VAT Transferred Out"subjects, enlarged"Taxes and fees due"The credit amount of the account is not deductible.

According to Article 10 of the Provisional Regulations of the People's Republic of China on Value-Added Tax and Article 21 of the Detailed Rules for the Implementation of the Provisional Regulations of the People's Republic of China on Value-Added Tax, the input VAT on fixed assets, intangible assets and immovable property purchased by taxpayers is either fully deductible or non-deductible.

Among them, those that are dedicated to the tax calculation items of the simplified tax calculation method, the items exempt from value-added tax, collective welfare or individual consumption cannot be deducted, and the rest of the cases can be fully deducted.

In addition, Article 1 of the Notice of the Ministry of Finance and the State Administration of Taxation on VAT Policies such as Input Tax Deduction for Leased Fixed Assets (CS [2017] No. 90) clearly states that from January 1, 2018, taxpayers will lease fixed assets and immovable property.

If it is used for both the taxable items of the general tax calculation method, the taxable items of the simple tax calculation method, the value-added tax-exempt items, collective welfare or individual consumption, the input tax shall be allowed to be fully deducted from the output tax.

The transfer of input tax is the transfer of those input tax that cannot be deducted according to the provisions of the tax law, but have been deducted at the time of purchase. To put it simply, the meaning of the input tax transfer out is: if the input tax has been deducted before, and now it does not meet the conditions for deduction due to various reasons, so the input tax that has been deducted must be transferred out.

The transfer of input VAT refers to the abnormal loss of the goods purchased by the enterprise, as well as the change of use of the purchased goods, and the deducted input VAT shall be transferred to the relevant account through the account of "tax payable - VAT payable" and shall not be deducted.

1. At present, the transfer of input tax is mainly in the following situations:

1) Abnormal losses of goods purchased by taxpayers and products and finished products;

2) The goods or taxable services purchased by the taxpayer are repurposed, such as for non-taxable items, tax-exempt items, collective welfare and personal consumption, etc.

3) Other situations that need to transfer out and out of the input tax are: commercial enterprises receive rebates from the supplier enterprises, export enterprises according to the "exemption, credit, refund" method should be included in the main business costs shall not be exempted and deducted tax amounts, etc.

2. What is input tax?

Input VAT refers to the amount of VAT paid or borne by taxpayers for the purchase of goods, processing and repair services, services, intangible assets or immovable property. Input VAT = (purchased raw materials, fuel, power) * tax rate.

3. The transfer of input tax.

For the raw materials, parts, components and equipment imported by export enterprises, the customs shall be exempted from value-added tax and consumption tax in the import link, and the export goods processed by the processing enterprises shall be exempted from value-added tax and consumption tax, and the income from labor payment obtained by the processing enterprises shall be exempted from value-added tax and consumption tax, but the input tax paid for the domestic goods consumed shall not be deducted and shall be included in the cost of products.

Legal basis

Article 10 of the Provisional Regulations of the People's Republic of China on Value-Added Tax stipulates that the input VAT of the following items shall not be deducted from the output VAT:

1) Purchase of fixed assets;

2) Purchased goods or taxable services for non-taxable items;

3) Purchased goods or taxable services for tax-exempt items;

4) Purchased goods or taxable services for collective welfare or personal consumption;

5) Purchased goods with abnormal losses;

6) Purchased goods or taxable services consumed in products or finished products that are abnormally damaged.

Article 22 of the Detailed Rules for the Implementation of the Provisional Regulations of the People's Republic of China on Value-Added Tax stipulates that if the purchase of goods or taxable services for which the input tax has been deducted occurs under the circumstances listed in Items (2) to (6) of Article 10 of the Regulations, the input tax on the purchased goods or taxable services shall be deducted from the input tax incurred in the current period. If the input tax amount cannot be accurately determined, the input tax amount of the defeated town shall be deducted according to the actual cost of the current period.

The transfer of input VAT refers to the extraordinary loss of the goods purchased by the enterprise, and when the purchased goods are repurposed, the tax bureau does not allow those that have already been recorded"Tax Payable - VAT Payable - Input VAT"The debit amount of the account is deducted.

By debiting the account in question, crediting"Tax Payable - VAT Payable - Input VAT Transferred Out"subjects, enlarged"Taxes and fees due"The credit amount of the account is not deductible.

The input tax on the abnormal loss of purchased goods or taxable services is transferred out.

If there is an abnormal loss of the goods purchased by the enterprise, its value is zero, and the input tax cannot be deducted, it should be treated as the input tax transferred out; The value of the goods produced and processed by the enterprise itself, such as the products in process and finished products with abnormal losses, is also zero, and the input tax on the purchased goods consumed cannot be deducted, and should also be treated as input tax transfer.

The input tax is transferred out, that is, the input tax cannot be deducted, and it needs to be transferred out after being included in the input tax.

This accounting entry should have been misrecorded. I did more input tax and made a transfer-out.

When the goods purchased or taxable services received by the taxpayer are not used for VAT taxable items, but are used for non-taxable items, tax-exempt items, or for collective welfare, personal consumption, etc., the input tax paid by the taxpayer cannot be deducted from the output tax.

In practice, there are often cases where the goods or taxable services purchased by the taxpayer in the current period have not been determined in advance to be used for production or non-production and operation, but the input tax amount has been deducted from the output tax in the current period, and when the purchased goods or taxable services that have been deducted from the input tax amount are repurposed for non-taxable items, tax-exempt items, collective welfare or personal consumption, etc., abnormal losses occur in the purchased goods, and abnormal losses occur in products and finished products. The input tax on the purchase of goods or taxable services should be deducted from the input tax incurred in the current period and recorded in the accounting treatment as "input tax transferred out".

The so-called VAT input tax transfer is to transfer out the input tax that cannot be deducted according to the provisions of the tax law, but has been deducted at the time of purchase, and the amount is one in and one out, and the entry and exit are equal. Deemed sales refer to the fact that an enterprise has not made sales treatment for a certain business, but shall pay relevant taxes and fees as deemed sales according to the provisions of the tax law, and shall calculate and pay VAT output tax. The main differences between the two are:

The transfer out of input tax is only the transfer of the part that is not deductible from the original input tax, without considering the value-added of the purchased goods; The deemed sales output tax is calculated based on the value of the goods after the value added, and the difference between them and the input VAT of the goods is the VAT payable.

This is usually a special invoice, but the actual payment is less than the amount stated in the invoice, and the other party has reached an agreement and agrees to pay less, at this time, because the input tax is checked in full, it is necessary to record the input tax according to the full amount, and the tax amount of the underpaid part needs to be transferred out.

Input tax that is not deductible according to the regulations must be transferred out.

The invoices and vouchers you provide are incomplete, and the reason cannot be verified except for the consistency of the input tax.

Abnormal losses (non-operating losses) of goods purchased by the enterprise, as well as the reuse of purchased goods (e.g., for non-taxable items, collective welfare or personal consumption, etc.).

The input VAT deducted shall be transferred to the relevant account through the account of "Tax Payable - VAT Payable (Input VAT Transferred Out)" and shall not be deducted. The transfer of input tax is to transfer the non-debitable input tax amount (which has been recorded in the previous period) to the corresponding inventory cost.

Strictly speaking, the transfer of VAT input tax is only a kind of accounting treatment, and if the purchased goods or services change use or abnormal losses occur, the input tax that has been deducted should be transferred out and included in the tax payable - VAT payable (input tax transferred out).

The transfer out of input tax is something that often happens to enterprises, and its financial treatment entries are as follows:

When it is necessary to transfer out:

Borrow: Inventory goods (construction in progress, raw materials, sales expenses) Credit: Tax payable - VAT payable (input tax transferred out).

When a carryover is made at the end of the month:

Debit: Tax Payable - VAT Payable (Input Tax Transferred Out).

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

The transfer out of input VAT refers to the abnormal loss (non-operating loss) of the goods purchased by the enterprise, as well as the change of use of the purchased goods (such as for non-taxable items, collective Tongyuan welfare or personal consumption, etc.), and the deducted input VAT shall be transferred to the relevant account through the account of "tax payable - VAT payable (input tax transferred out)" and shall not be deducted.

Reason for transfer-out: Article 10 of the Provisional Regulations on VAT stipulates that when the goods purchased or taxable services received by a taxpayer are not used for VAT taxable items, but are used for non-taxable items, tax-exempt items, or for collective welfare, personal consumption, etc., the input tax paid by the taxpayer cannot be deducted from the output tax.

In practice, there are often cases where the goods or taxable services purchased by the taxpayer in the current period have not been determined in advance to be used for production or non-production and operation, but the input tax amount has been deducted from the output tax in the current period, and when the purchased goods or taxable services that have been deducted from the input tax amount are repurposed for non-taxable items, tax-exempt items, collective welfare or personal consumption, etc., abnormal losses occur in the purchased goods, and abnormal losses occur in products and finished products. The input tax amount of the purchase of goods or taxable labor and rent shall be deducted from the input tax amount incurred in the current period, and the input tax amount shall be recorded in the accounting treatment as "input tax transferred out".

The transfer of input VAT refers to the extraordinary loss of the goods purchased by the enterprise, and when the purchased goods are repurposed, the tax bureau does not allow those that have already been recorded"Tax Payable - VAT Payable - Input VAT"The debit amount of the account is deducted and credited by debiting the relevant account"Tax Payable - VAT Payable - Input VAT Transferred Out"subjects, enlarged"Taxes and fees due"The credit amount of the account is not deductible.