How to account for the penalty expenditure, does this part of the expenditure affect the income tax,

Let's go into non-operating expenses!

If it is collected by audit, the new income tax law stipulates that administrative penalties cannot be deducted before tax, so the taxable income of income tax must be adjusted.

Yours is assessed and levied, and the income tax is calculated only according to income, not according to profits. Fines are costs and expenses, not revenues, so they do not need to be increased.

Personal opinion, if there is a mistake, please understand!

According to the provisions of the accounting system, it should be entered into the current profit and loss.

In accordance with the provisions of the tax law, administrative penalty expenses caused by violations of national laws and regulations shall not be deducted before tax.

However, the enterprise income tax of your unit is assessed and collected, and you need to consider what is the calculation tax base that the tax authorities have approved for you, that is, whether it is assessed according to income or according to cost and expense.

If it is assessed on the basis of income, this penalty payment will not affect the taxpayer; If it is assessed according to costs and expenses, it cannot be deducted before tax.

1.Because it is not a final settlement of income tax, it should be a tax adjustment that should be made

Borrow: Income tax expense.

Credit: Tax Payable: Income Tax Payable.

2.Do when paying income tax:

Debit: Tax Payable: Income Tax Payable.

Credit: Bank deposits.

3.It should not be a fine for the final settlement in 2013, if it is really a penalty entry: (the final settlement needs to be increased by tax).

Borrow: Non-operating expenses.

Credit: Bank deposits.

Penalty expenses shall be included in".Non-operating expenses"Subjects. The compensation and fines obtained by the enterprise shall be included in other receivables.

The accounting entries are: borrow: cash in hand bank deposit credit: other receivables - fines paid by enterprises, which should be included in non-operating expenses, and the accounting entries are: borrow: non-operating expenses - penalty credit: cash in hand bank deposits.

Accounting bookkeeping, also known as accounting practice, refers to the process of accounting processing, generally from the beginning of filling in vouchers to the end of preparing statements.

In the old days planned economy.

In the years, accounting was only passively implementing state regulations to complete the above process, along with the market economy.

Constantly improving. With the continuous innovation of economic business, how to handle each business more accurately and reasonably has become a compulsory technology for many accountants. At this point, accounting is given a special meaning, no longer limited to the process but to solve how to do better.

Penalty expenses are subject to income tax. Article 6 In addition to the provisions of Article 7 of the Regulations, the following expenses shall not be deducted when calculating the taxable income: (1) illegal expenses such as bribery; (2) Fines, fines, or late fees paid for violations of laws and administrative regulations; (3) reserves for inventory decline, short-term investment declines, long-term investment impairment reserves, risk reserves** (including investment risk reserves**), and any form of reserves other than the reserves that can be withdrawn as provided by national tax laws and regulations; (4) The tax laws and regulations have a specific scope of deduction and a standard (proportion or amount), and the actual expenses incurred exceed or exceed the statutory scope and standard.

Do I need to pay income tax on administrative fines? Administrative fines are based on national laws and administrative regulations, and are statutory and mandatory, such as fines imposed on enterprises by industrial and commercial authorities, tax authorities and public security organs. Administrative fines cannot be deducted before enterprise income tax, and tax adjustments should be made at the end of the year, that is, to increase the taxable income to pay enterprise income tax.

Borrow: Non-operating expenses - penalty expenses Credit: Cash In this case, income tax is not allowed to be deducted because it is a penalty from the ** department.

If the fines due to operation, annual examination, licenses, road maintenance fees and other issues are best listed in the management expenses, and they can also be included in the non-operating expenses, but the administrative fines shall not be deducted before the income tax, and the bureau should make tax adjustments when the year-end income tax is settled. Is the above about the penalty expenses to be subject to income tax? Have you learned the law?

Penalty expenses are subject to income tax.

Article 6 In addition to the provisions of Article 7 of the Regulations, the following expenses shall not be deducted when calculating the taxable income:

1) Bribery and other illegal expenditures;

(2) Fines, fines, or late fees paid for violations of laws and administrative regulations;

(3) reserves for inventory decline, short-term investment declines, long-term investment impairment reserves, risk reserves** (including investment risk reserves**), and any form of reserves other than the reserves that can be withdrawn as provided by national tax laws and regulations;

4) The tax regulations have a specific scope and standard of deduction (proportion or amount), and the actual expenses incurred exceed or exceed the statutory scope and standard.

When calculating taxable income: fines, fines and confiscated property, which are not deductible before taxIncome tax payable = (total profit + increase in fines and penalties) * 25%.

When calculating income tax, fines, fines, and confiscated property are not deductible before tax.

Increase, income tax payable = (total profit + increase in non-operating expenses) * 25%.

Fines incurred by enterprises are generally administrative penalties, such as traffic fines. For the expenditure of fines, what account should be used to account for Yanxiao? How to make accounting entries?

What account is the fine expenditure accounted for?

Penalty expenses are included in the non-operating expenses account.

Non-operating expenses refer to the losses incurred by crude liquid enterprises that are not directly related to their daily activities, mainly including losses from the damage and scrapping of non-current assets (referring to the losses caused by the destruction of non-current assets due to natural disasters and other damages, loss of use and scrapping of non-current assets), donation expenses, inventory losses (approved to be included in non-operating expenses), extraordinary losses (caused by natural disasters and other reasons), fines (administrative fines, tax fines, and other fines and liquidated damages paid for violations or breach of contract, compensation, etc.), debt restructuring losses, etc.

How to do the accounting entries for penalty expenses?

Borrow: Non-operating expenses - xx fines.

Credit: cash on hand bank deposits.

How to make accounting entries when receiving employee fines?

1. When the fine is directly collected in cash, borrow: cash in stock.

Credit: Non-operating income.

2. When the fine needs to be deducted from the salary, borrow: the remuneration payable to the employee.

Credit: Non-operating income.

3. At the end of the period. Borrow: Non-operating income.

Credit: Profit for the year.

Non-operating income refers to the income that is not directly related to the production and operation process and should be included in the current profit, which is an integral part of the financial results of the enterprise. It mainly includes: ** intangible asset income, business combination profit or loss, inventory profit, payable due to creditors, ** subsidy, additional refund of education fees, penalty income, donation gains, etc.

The penalty expenditure is included in the non-operating expenditure - donation expenditure account for verification and false calculation, and the credit side confirms the corresponding account according to the actual donation, such as cash, and its entry is, debit: non-operating expenses - fine expenses, credit: bank deposits, etc.

Non-operating expenses refer to the collapse of non-operating expenses other than the cost of main business and other operating expenses. Such as fine expenses, donation expenses, extraordinary losses, etc.