How to do the financial treatment of the input tax of the purchase of fixed assets for scrapping

The tax law stipulates that the input tax can be deducted for the movable assets of fixed assets (equipment and other movable assets) purchased for production and operation after January 1, 2009. Then the input tax on raw materials used in construction projects does not need to be transferred out, and the use of self-produced products will not involve the accounting of output tax.

For immovable property or movable property not for production and operation purchased after January 1, 2009, the input tax is still not allowed to be deducted, and the input tax on raw materials used in construction projects still has to be transferred out. If it is a business that occurred before January 1, 2009, it will be treated according to the old idea, that is, the input tax of all fixed assets is not allowed to be deducted, and the input tax of raw materials used for production in construction projects needs to be transferred out as input tax, and the cost of inventory goods will be carried forward into the cost of assets without recognizing the income in the accounting of self-produced products, and the VAT output tax calculated by multiplying the tax rate by the tax rate will be included in the cost of construction in progress. The purchase of fixed assets should be divided into production and operation and non-production and business use, movable property and immovable property.

Procurement: Borrow: Fixed Assets.

Tax payable - VAT.

Credit: Bank deposits.

There is no VAT at the time of scrapping, because the input tax can be deducted at the time of **.

(1) Purchased goods or taxable services used for non-value-added tax taxable items, value-added tax-exempt items, collective welfare or personal consumption;

2) Purchased goods and related taxable services with abnormal losses;

3) Purchased goods or taxable services consumed in products or finished products with abnormal losses;

4) Consumer goods for taxpayers' own use as stipulated by the competent financial and taxation authorities;

5) The transportation costs of the goods specified in subparagraphs (1) to (4) of this Article and the transportation costs for the sale of duty-free goods.

If the early scrapping of fixed assets does not fall under the above provisions, it does not need to be transferred out of the input VAT value-added tax.

Accounting treatment: Enterprises should account for the occurrence and carry-over of non-operating expenses through the "non-operating expenses" account. This account can be accounted for in detail according to non-operating expenditure items.

When the loss on disposal of non-current assets is recognized, the "Non-operating Expenses" account is debited and the "Fixed Assets Disposal", "Intangible Assets", "Raw Materials" and other accounts are credited.

When inventory losses and extraordinary losses are recognized as non-operating expenses, the "non-operating expenses" account is debited, and the "property loss and excess to be disposed of" and "cash in hand" accounts are credited.

At the end of the period, the balance of the "Non-operating expenses" account should be transferred to the "Profit this year" account, the "Profit this year" account should be debited, and the "Non-operating expenses" account should be credited. There should be no balance in this account after the carryover.

Disposal of fixed assets.

Borrow: Accumulated depreciation.

Disposal of fixed assets.

Provision for impairment of fixed assets).

Credit: Fixed Assets.

When the sale is collected.

Borrow: Bank deposit.

Credit: Disposal of fixed assets.

Tax Payable - VAT Payable (Output Tax) Tax Payable - Simple Tax Calculation.

Profit or loss on disposal of assets (debited in the event of a loss).

Disposal of fixed assets.

Borrow: Accumulated depreciation.

Disposal of fixed assets.

Provision for impairment of fixed assets).

Credit: Fixed Assets.

At the end of life. Borrow: Non-operating expenses.

Credit: Liquidation of fixed assets.

After the scrapping of fixed assets, the waste materials are classified into the waste warehouse, and the general taxpayers apply a tax rate of 13% when they are sold according to the company's waste management. Make entries.

Borrow: Bank deposit.

Credit: Other business income.

Tax Payable - VAT Payable.

Distinguish between sales of fixed assets after retirement and sales of fixed assets:

First of all, from the source, the scrapping of fixed assets is judged by the asset user or asset custodian according to the use of the asset has no use value, and submits the scrapping application according to the fixed asset management system of the reputation Zhaoyu Division, and the relevant personnel review and approve the unified scrapping, and the waste is stored in the waste warehouse, and then sold according to the waste. At the same time, the relevant approval materials are transmitted to the finance for accounting processing.

The sales of fixed assets is the strategic adjustment or production and operation arrangement of the company's leadership, generally the leadership issues a notice, and the asset management personnel clean up the fixed assets to be processed according to the leadership arrangement, contact the buyer, and then trade according to the sales agreement, and at the same time submit the relevant documents to the finance for accounting processing.

Scrapping tax file of fixed assets: you need to go to the tax bureau to fill in the form for the record, and fill in the corresponding ** when the final settlement is made.

The accounting treatment of the scrapping of fixed assets is, debit: fixed assets disposal, accumulated depreciation, credit office letter: fixed assets.

Credit: Gains and losses on disposal of assets, Credit: Disposal of fixed assets.

If the fixed assets are scrapped due to poor management, the corresponding input tax is the amount of input tax that needs to be processed by the transfer of the shed bridge.

If the fixed assets are scrapped due to natural chain sales disasters (or force majeure), the corresponding input tax can be deducted normally, and there is no need to transfer out the input tax in this case.