What should I do if I mistakenly deduct the input tax on fixed assets?

Ay! If you come to see it, you will be in trouble, and you will transfer it directly, and don't go to the tax department to say, there is no more deduction of the country's tax, and it is easy to explain it.

Entries: Debit: Fixed Assets.

Credit: Tax payable (tax payable) - VAT payable (input tax transferred out) and tell you: if the national tax is difficult to ask you:

At the beginning, how did you deduct it, you said, at the beginning, this fixed asset was to be sold, and then changed the use, and then used it yourself, so we transferred it out according to the regular :)

In addition, if you are a new general taxpayer who buys a computer and printer for the first time, anyway, it is a set of machines that can be deducted, and the state gives preferential treatment.

The IRS will definitely not look at it when it is certified, so much so that it may only look at it during the audit.

Because of the declaration, the comparison system of the tax bureau will automatically compare, that is, the number of certifications must be consistent with the amount of input tax declared. The intention of your leaders should be to increase the amount of input tax transferred out and the amount of input tax to be declared at the same time.

Accounting processing depends on how you handle it earlier.

a. When the fixed assets are recorded, if the input tax is not recorded, make a voucher.

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

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

b. When the fixed assets are recorded, the input tax is recorded, and a voucher is made.

Borrow: Fixed assets.

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

Another very important point is that not all regional fixed assets can not be deducted from taxes, and eight major industries such as food processing, equipment manufacturing, and high-tech in the northeast and several provinces and cities in central China can be deducted.

Borrow: Fixed assets.

Credit: Tax Payable VAT Payable.

It is enough to make an opposite entry

The input tax amount is transferred out in red.

It is used for both VAT taxable items (excluding VAT exempt items) and non-VAT taxable items, VAT exempt (hereinafter referred to as tax exemption) items, collective welfare or individuals.

The fixed assets consumed by people can be deducted.

The so-called fixed assets refer to machines, machinery, means of transportation and other equipment, tools, appliances, etc. related to production and operation that have a service life of more than 12 months.

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

1) Purchased goods, services, services, intangible assets and immovable property for the purpose of taxable items under the simplified tax calculation method, value-added tax exemption items, collective welfare or personal consumption;

2) Purchased goods with abnormal losses, as well as related labor services and transportation services;

3) Purchased goods (excluding fixed assets), labor services and transportation services consumed in products and finished products due to abnormal losses;

4) Other items specified in ***.

1. If the fixed assets are lost, the input tax that has been deducted should be transferred out as input tax in accounting;

The specific accounting entries are:

Processing: Borrow: Property Loss and Excess to be Processed - Loss and Excess of Fixed Assets to be Handled.

Credit: Fixed Assets.

After finding out the cause:

Borrow: non-operating expenses, etc.

Credit: Pending Property Loss and Excess - Pending Disposal of Fixed Asset Loss and Surplus.

2. The term "abnormal loss" in Article 24 (2) of the Regulations of the Ministry of Finance and the State Administration of Taxation refers to the loss caused by theft, loss, mildew and deterioration due to poor management. The loss of the above-mentioned fixed assets is a mismanagement of the enterprise, so the input tax should be transferred out. If it is a natural disaster such as **, there is no need to transfer out input tax.

If the fixed assets are stolen or lost for some reason after the deductible fixed assets are put into use, the input tax on the net value of the remaining fixed assets shall not be deducted.

3. Regarding the input tax on fixed assets, it is also necessary to meet the conditions that it is not immovable property, if it is immovable property such as buildings and buildings, it is not allowed to be deducted, and the input tax is included in the purchase and construction cost.

(1) The VAT Regulations before the amendment stipulate that the input VAT on the purchase of fixed assets shall not be deducted from the output VAT. In order to reduce the burden on enterprises and realize the transformation of value-added tax, the revised VAT regulations delete the provisions on the non-deduction of input tax on the purchase of fixed assets, and allow taxpayers to deduct the input tax on the purchase of fixed assets. The input VAT of motorcycles, automobiles and yachts subject to consumption tax for the taxpayer's own use shall not be deducted from the output VAT.

2) According to Article 3 of Cai Shui [2008] No. 170 Notice: Taxpayers in the old industrial base in Northeast China, the old industrial base cities in the six central provinces, and the eastern region of the Inner Mongolia Autonomous Region that have been included in the pilot project of expanding the scope of VAT deduction shall no longer be refunded for the input tax on fixed assets incurred after January 1, 2009, and the closing balance of the input tax on fixed assets to be deducted before December 31, 2008 (including December 31, the same below). It should be transferred to the account of "tax payable - VAT payable (input tax)" in January 2009 in a lump sum.

3) According to Cai Shui [2008] No. 170, starting from January 1, 2009, the input VAT incurred by general VAT taxpayers in the purchase (including donation, in-kind investment) or self-made (including renovation, expansion and installation) of fixed assets can be deducted from the output tax with the special VAT invoice, the customs import VAT special payment certificate and the transportation cost settlement document (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)".

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

1) Purchased goods, services, services, intangible assets and immovable property for the purpose of taxable items under the simplified tax calculation method, value-added tax exemption items, collective welfare or personal consumption;

2) Purchased goods with abnormal losses, as well as related labor services and transportation services;

3) Purchased goods (excluding fixed assets), labor services and transportation services consumed in products and finished products due to abnormal losses;

4) Other items specified in ***.

Under normal circumstances, the input VAT on the purchase of fixed assets by a taxpayer can be deducted normally. The accounting treatment of the purchase of fixed capital is: fixed assets - fixed assets, tax payable - VAT payable (input tax),

1. The main content of the adjustment of the VAT policy on fixed assets is that fixed assets are allowed to deduct input tax. Since January 1, 2009, on the premise of maintaining the current VAT rate, all general VAT taxpayers nationwide are allowed to deduct the input VAT contained in their purchases (including donations, in-kind investment) or self-made (including renovation, expansion and installation) fixed assets, and the undeducted input VAT will be carried forward to the next period for further deduction. (1) The fixed assets allowed to be deducted include machinery, machinery, means of transport and other equipment, tools and appliances related to production and operation, but excluding cars, motorcycles and yachts that are subject to consumption tax that are easily mixed with personal consumption, and real estate such as houses and buildings are not included in the scope of deduction.

Article 1 of the Notice of the Ministry of Finance and the State Administration of Taxation on Several Issues Concerning the Implementation of the Nationwide VAT Transformation and Reform (CS 2008 No. 170).

Since 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 acceptance of donations and in-kind investment, the same below) or self-made (including renovation, expansion and 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 of the People's Republic of China, 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 (Decree No. 50 of the Ministry of Finance and the State Administration of Taxation). , hereinafter referred to as the detailed rules) of the relevant provisions of the wheel, with the special VAT invoice, the customs import VAT special payment certificate and the transportation cost settlement documents (hereinafter referred to as the VAT deduction voucher) from the output tax, the input tax of the wax soyu should be credited to the "tax payable - VAT payable (input tax)" account.