On the issue of input tax on fixed assets, there are two questions about why one is not included in

1. Machinery and equipment and movable property equipment can be deducted from 2009.

2. The situation of immovable property is as follows:

1.For the immovable property acquired by the general VAT taxpayer (hereinafter referred to as the taxpayer) after May 1, 2016 and accounted for according to the fixed assets in the accounting system, as well as the immovable property construction in progress that occurred after May 1, 2016, the input VAT shall be deducted from the output VAT in two years in accordance with the regulations, with the deduction ratio of 60% in the first year and 40% in the second year.

2.If a taxpayer purchases goods, design services and construction services after May 1, 2016 for the purpose of building new immovable property, or for reconstructing, expanding, repairing or decorating immovable property and increasing the original value of immovable property by more than 50%, the input tax shall be deducted from the output tax in two years in accordance with the regulations.

3.Taxpayers who deduct input VAT from output VAT in accordance with the regulations shall obtain legal and valid VAT deduction vouchers issued after May 1, 2016.

4.If the goods and services for which the input tax has been fully deducted at the time of purchase are transferred to the construction of immovable property, 40% of the input tax deducted shall be deducted from the input tax in the current period of conversion, included in the input tax to be deducted, and deducted from the output tax in the 13th month from the month of conversion.

Input VAT on movable property is deductible.

Immovable property is still included in the cost.

Cost. According to the regulations, the cost of purchasing fixed assets includes the purchase price, relevant taxes, transportation costs and installation costs attributable to the assets before the fixed assets reach the intended state of use.

and professional service fees, etc.

Input tax. It refers to the taxpayer's purchase of goods, early processing, repair and repair services, services, and intangible assets.

or immovable property, the amount of value-added land tax paid or afforded. Input VAT = the sum of purchased raw materials, fuel, and power multiplied by the tax rate. Output tax.

The number after deducting the input VAT is the VAT payable. Therefore, the size of the input tax is directly related to the amount of tax paid.

Fixed assets refer to non-monetary assets held by enterprises for the purpose of producing products, providing labor services, leasing or operation and management, which have been used for more than 12 months and have reached a certain standard in value, including houses, buildings, machines, machinery, means of transportation and other related production and operation.

Equipment, utensils, tools, etc. related to the event. Fixed assets are the means of labor of an enterprise.

It is also the main asset on which enterprises rely for production and operation.

From the perspective of accounting, fixed assets are generally divided into production fixed assets, non-production fixed assets, leased fixed assets, unused fixed assets, unused fixed assets, financial lease fixed assets, and donated fixed assets.

According to the Accounting Standards for Business Enterprises.

No. 4 stipulates that the cost of purchased fixed assets includes the purchase price, relevant taxes and fees, transportation costs, handling costs, installation fees and professional service fees attributable to the fixed assets incurred before the fixed assets reach their intended useable state.

In accordance with the relevant provisions of the Provisional Regulations of the People's Republic of China on Value-Added Tax and the detailed rules for the implementation of the Provisional Regulations of the People's Republic of China on Value-Added Tax, the special VAT invoice for import VAT of the Customs and the settlement documents of transportation costs, the output tax shall be deducted from the output tax, and the input VAT shall be credited to the tax payable. Therefore, for general VAT taxpayers, the input tax incurred in fixed assets is allowed to be deducted and is not included in the cost of fixed assets; The input VAT of non-VAT general taxpayers shall be included in the cost of fixed assets.

The recorded cost of fixed assets, if it is purchased, includes the purchase price, insurance premium, site finishing fee, loading and unloading fee, transportation fee, installation fee, etc., if it is a small-scale taxpayer, VAT is included in the cost. So does the cost of a fixed asset include input tax?

Is input tax included in the cost of fixed assets?

If it is a general taxpayer, the input tax can be deducted, and the cost does not include the input tax.

The accounting treatment of fixed assets purchased by general taxpayers is as follows:

1.No installation is required.

Borrow: Fixed assets.

Tax Payable - VAT Payable.

Credit: Bank deposits.

2.Installation required.

When you purchase the installed fixed assets.

Borrow: Construction in progress.

Tax Payable - VAT Payable.

Credit: Bank deposits.

When paying the setup fee.

Borrow: Construction in progress.

Credit: Bank deposits.

After installation, it has reached a ready state of use.

Borrowing hailstones: annihilation and consolidation of fixed assets.

Credit: Construction in progress.

Fixed asset classification.

Fixed assets refer to non-monetary assets held by enterprises for the purpose of producing products, providing labor services, leasing or operation and management, and have been used for more than 12 months, and their value has reached a certain standard.

Including houses, buildings, machines, machinery, means of transportation and other equipment, appliances, tools, etc. related to production and business activities.

Fixed assets can be divided into five categories: classified accounting according to their economic use, use, property ownership, physical form and service life.

1.According to economic use: production and operation and non-production and business use;

2.According to the use case: in use, unused, not needed;

3.According to property ownership: self-owned, investment and leased;

4.According to the physical form: houses and buildings, machinery and equipment, electronic equipment, transportation equipment and other equipment.

To obtain special invoices, VAT is calculated through the tax payable (input tax) and is not included in the cost. All the price paid by the enterprise to obtain a fixed asset and all reasonable and necessary expenses incurred before the fixed asset reaches the expected working condition.

The main advantage of using original value valuation is that the original value is objective and verifiable; At the same time, the original value can truthfully reflect the scale of the enterprise's investment in fixed assets, which is the basis for the enterprise to accrue depreciation. Therefore, the original value is the basic valuation standard of fixed assets, and China adopts this valuation method for the valuation of fixed assets.

1) The estimated net residual value of fixed assets held by an enterprise for sale shall be adjusted.

2) If an enterprise transfers, scraps or damages fixed assets, the amount of disposal income after deducting the book value and relevant taxes and fees shall be included in the current profit or loss. The book value of a fixed asset is the amount of the cost of the fixed asset after deducting accumulated depreciation and accumulated impairment provisions.

3) If the enterprise includes the subsequent expenditure of fixed assets in the cost of fixed assets, it shall de-recognize the book value of the replaced part.

Fixed assets are divided into two categories: one is immovable property, that is, buildings; The other category is movable property, that is, machinery and equipment. From 1 January 2009, the production VAT was changed to the consumption VAT.

The new VAT law stipulates that the value-added tax related to machinery and equipment shall be deducted and shall not be included in the cost of assets (except for consumption tax items such as cars, yachts and motorcycles).

The value-added tax related to the building is still not deductible, and it still has to be credited to the cost of real estate. For example, in order to build an office building on its own, the company purchased 1 million yuan of steel bars and paid 170,000 yuan of value-added tax; If you buy a ** air conditioner, the price is 2 million yuan, and the value-added tax is 340,000 yuan, then these two value-added taxes shall not be deducted and should be included in the cost of the office building.

The input VAT amount incurred by general VAT taxpayers in the purchase (including acceptance of donations and in-kind investment) or self-made (including reconstruction, expansion and installation) of fixed assets can be deducted from the output tax with the special VAT invoice, the special payment certificate for import VAT of the customs and the settlement documents of transportation costs (hereinafter referred to as the VAT deduction voucher), and the input VAT shall be credited to the account of "tax payable - VAT payable (input tax)".

The VAT on fixed assets is not included in the cost, which means that from January 1, 2009, the input tax incurred in the purchase of fixed assets can be deducted from the output tax and is not included in the original cost of fixed assets.

Notice of the Ministry of Finance and the State Administration of Taxation on Several Issues Concerning the Implementation of the Value-Added Tax Transformation and Reform (Cai Shui [2008] No. 170): From January 1, 2009, the input VAT (hereinafter referred to as the input VAT on fixed assets) incurred by general VAT taxpayers (hereinafter referred to as taxpayers) in the purchase (including donations, in-kind investment, the same below) or self-made (including renovation, expansion, installation, the same below) fixed assets (hereinafter referred to as the input VAT on fixed assets) can be based on the Provisional Regulations of the People's Republic of China on Value-Added Tax (*** Decree No. 538, hereinafter referred to as the Regulations) and the relevant provisions of the Detailed Rules for the Implementation of the Provisional Regulations of the People's Republic of China on Value-Added Tax (Decree No. 50 of the Ministry of Finance and the State Administration of Taxation, hereinafter referred to as the Detailed Rules), shall be deducted from the output tax with the special VAT invoice, the special payment certificate for import VAT by the customs and the settlement documents for transportation costs (hereinafter referred to as the VAT deduction voucher), and the input VAT shall be credited to the account of "tax payable - VAT payable (input tax)".

The input tax of the special VAT invoice received from the purchase of fixed assets can be deducted and included in the tax payable - VAT payable - input tax, and not included in the fixed assets. For example, if you buy a computer worth 3,000 yuan, the invoice will indicate the amount of 3,000 yuan and the tax amount of 510 yuan.

Debit: Fixed assets 3000

Tax Payable - VAT Payable - Input Tax 510

Credit: Bank Deposit 3510

Among them, the value-added tax of 510 yuan is not included in the fixed assets.

Immovable property built with raw materials is not deductible for input tax, but this question is not immovable property, but equipment, and input tax can be deducted, so input tax is not included in the cost.

After the transformation of value-added tax, value-added tax from the past production to consumption, therefore, the state issued a document on the value-added tax of fixed assets to allow the deduction of input tax, the value-added tax is no longer included in the cost of fixed assets, the specific documents are: "Ministry of Finance and the State Administration of Taxation on the implementation of the national value-added tax transformation and reform of several issues of the notice" of the Ministry of Finance and Taxation 2008 170 document stipulates, 1. Since January 1, 2009, general VAT taxpayers (hereinafter referred to as taxpayers) purchase (including donations, in-kind investment, The input VAT incurred by self-made (including reconstruction, expansion, installation, the same below) fixed assets (hereinafter referred to as the input VAT on fixed assets) can be based on the "Provisional Regulations of the People's Republic of China on Value-Added Tax" (Order No. 538, hereinafter referred to as the Regulations) and the "Detailed Rules for the Implementation of the Provisional Regulations of the People's Republic of China on Value-Added Tax" (Ministry of Finance.

Decree No. 50 of the State Administration of Taxation, hereinafter referred to as the Detailed Rules), the relevant provisions of the output tax shall be deducted from the output tax with the special VAT invoice, the special payment certificate for import VAT of the customs and the settlement documents of transportation costs (hereinafter referred to as the VAT deduction voucher), and the input tax shall be credited to the account of "tax payable - VAT payable (input tax)".

2. The input VAT on fixed assets allowed to be deducted by taxpayers refers to the VAT tax actually incurred by taxpayers after January 1, 2009 (including January 1, the same below) and obtained the VAT tax amount indicated on the VAT deduction vouchers issued after January 1, 2009 or calculated on the basis of VAT deduction vouchers.

VAT isTax-excluded, separate accounting, separate payment, and decoupling from assets. VAT is not included in fixed assets, but can be deducted as input tax.

The tax on the early fixed assets cannot be deducted, and the VAT is included in the cost; Later, the tax on fixed assets can also be deducted from the output, and the value-added tax will not be included in the cost of fixed assets, and will become a veritable turnover tax. Output minus input is equal to the tax payable.

VAT is a turnover tax that can be deducted

Fixed assets purchased after January 1, 2009 can be deducted from the input tax, and can no longer be included in the cost of fixed assets, and it is necessary to do "tax payable - VAT payable - input tax".

The new tax law stipulates that fixed assets can be deducted for tax but cannot be included in the cost of fixed assets.

No, the input VAT on the purchase of assets is deductible.