Does the water conservancy fund need to be withdrawn? How should the water conservancy fund be calcu

Water conservancy construction should be calculated and paid according to the sales revenue.

Accrual: Borrow: Business Tax and Surcharge - Water Conservancy Construction**.

Credit: Taxes Payable - Water Conservancy Construction**.

When paying: borrowing: taxes payable - water conservancy construction**.

Credit: Bank deposits.

Need to accrue, borrow: main business tax and surcharge.

Credit: Tax Payable - Additional Tax.

Water conservancy** is calculated based on 1 of the previous month's sales revenue or operating income.

Water conservancy is a special fund for water conservancy construction, which is composed of water conservancy construction and local water conservancy construction. Water conservancy construction is mainly used for the maintenance and construction of key projects related to the overall national economic and social development.

Local water conservancy construction** is mainly used for urban flood control and the treatment, maintenance and construction of small and medium-sized rivers and lakes. The treatment costs of major water conservancy construction projects across river basins and provinces (autonomous regions and municipalities directly under the Central Government) and key protection projects of transnational rivers and national border rivers shall be borne jointly by the first and the local government.

Yes, since it is a local fiscal revenue, the tax rate is different from place to place.

You can use your fingers, and you can use your toes if necessary!

Water conservancy construction is a local project dedicated to water conservancy construction. Water conservancy construction should be calculated and paid according to the sales revenue.

Accrual Entry: Debit: Tax & Surcharge.

Credit: Taxes payable - Taxes payable for water conservancy construction**.

Payment Entries: Borrow: Taxes Payable - Water Conservancy Construction Payable**.

Credit: Bank deposits.

Water conservancy construction** collection standards and exemption scope.

Water conservancy construction is specially used for water conservancy construction. Water conservancy construction should be calculated and paid according to the sales revenue. The levy ratio varies from province to province.

From July 1, 2018, the levy standard for the construction of major national water conservancy projects will be uniformly reduced by 25%.Since 2019, Beijing has suspended the levy of local water conservancy construction**, which is expected to reduce the burden on units and individuals by 200 million yuan.

Scope of exemption: 1. Production and business operation units and individual industrial and commercial households that have not reached the VAT threshold; 2. Production and operation income exempted from value-added tax as stipulated by the state; 3. Income from the sale of military products by military enterprises stationed in Hunan (excluding military-to-civilian enterprises that have been issued with a failed license for industrial and commercial business); 4. Land for the construction of national defense projects, flood control projects (excluding the construction of operating service facilities), orphanages and nursing homes; 5. Other exemptions stipulated by the state.

1) Extractive industries, manufacturing, urban water supply, electricity, steam, hot water, gas and construction and other productive enterprises and transportation industries shall be levied at the rate of 1 of sales or turnover.

2) Industries that serve production and life, such as post and telecommunications industry, commerce, catering, material supply and marketing and warehousing, real estate, public utilities, residents' and service industries, tourism, advertising, culture and entertainment, information consulting services, and technical services, shall be levied at 2 percent of sales or turnover.

3) Private enterprises and individual industrial and commercial households shall be levied on 2 percent of the actual sales or turnover.

4) The financial and insurance industries shall be levied at the rate of 2 percent of their turnover.

Water conservancy construction is specially used for water conservancy construction, through the "tax and surcharge" and other subjects for accounting, how to do the accounting treatment of water conservancy?

Accounting entries for water conservancy**.

Borrow: Taxes and surcharges.

Credit: Taxes and fees payable - local water conservancy construction**.

At the time of actual payment:

Borrow: Taxes and fees payable - local water conservancy construction**.

Credit: Bank deposits.

What is the meaning of taxes and surcharges?

Taxes and surcharges reflect the consumption tax, urban maintenance and construction tax, urban land use tax, resource tax and education surcharge that should be borne by enterprises operating their main business. Carry ants.

Credit: Taxes payable, etc.

The amount received by the enterprise for the refund of consumption tax and other taxes originally credited to the purpose of the department shall be debited to the bank deposit according to the amount actually received.

Credit: Taxes and Argument Surcharge.

The closing balance of the "Tax and Surcharge" account should be transferred to the "Profit of the Year" account, and there should be no balance in this account after the carryover.

What is a tax due?

The "taxes and fees payable" account accounts for the various taxes and fees payable by the enterprise in accordance with the provisions of the tax law, including but not limited to value-added tax, consumption tax, income tax, individual income tax, and vehicle and vessel tax.

The "tax payable" account belongs to the liability account, and the detailed accounts should be set up according to the tax types payable, such as "value-added tax payable", "enterprise income tax", "local education surcharge", "land value-added tax", "urban maintenance and construction tax", etc., so as to carry out detailed accounting.

What is the difference between tax payable and taxes and surcharges?

When the tax payable is paid, it will be written off directly, and the tax and surcharge will be directly carried forward to the profit of the current year.

The tax payable is a liability account, with an increase in credits and a decrease in debits; Taxes and surcharges are expense accounts, with debits increasing and credits decreasing.

How to make accounting entries for water conservancy base is as follows:

The accounting entries for water conservancy construction are as follows:

Water conservancy construction** accounting entries need to include two entries, debit and credit, the debit side records the outflow of funds, and the credit side records the inflow of funds. Specifically, the outflow of funds usually requires Chan Min Rent to record the relevant expenditures of water conservancy construction, while the inflow of funds usually needs to record various income items such as grants and donations.

1. The content of the debit entry.

In the accounting entries of water conservancy construction**, the debit entries need to record the outflow of funds. Among them, the main expenditure items usually include land acquisition fees, labor costs, and the cost of purchasing goods. More specifically, if the construction of water conservancy facilities is carried out, it may also be necessary to consider the relevant design costs, construction costs, supervision costs, and so on.

2. The content of the credit entry.

The debit entry corresponds to the credit entry. In the accounting entries for water conservancy construction**, the credit entries usually need to record the inflow of funds. These funds mainly come from donations and funding from some social groups, ** institutions or other donors, and may also include some subsidy income related to water conservancy construction.

3. The method of compiling entries.

In order to compile the accounting entries for water conservancy construction, it is necessary to have certain financial knowledge and relevant accounting standards. When compiling the entries, He Zhao should follow the relevant specifications of the five accounting elements, including assets, liabilities, equity, income and expenses, and make necessary adjustments, checks and reviews of the entries in accordance with the principle of loan balance.

4. Accounting entries and bookkeeping process.

Finally, it should be noted that the accounting entries of water conservancy construction need to be recorded, checked and saved in the relevant account books or software. The specific process includes: first, a special accounting account needs to be established, which usually requires consideration of both pre-tax and post-tax issues; Then, the relevant accounting entries are prepared and entered; Finally, the account balances are compared and reconciled, and the tax and finance departments are summarized and declared.