1. Comparative changes between the old and new regulations
First, the export proportion has been cancelled, reaching 50%. According to the above-mentioned tax refund regulations, as long as the tax payable is less than zero, you can apply for a tax refund. Second, the export business of a manufacturing enterprise that has new export business within 12 months from the date of the first export business will not be calculated for the current tax refund amount. The current tax exemption and credit amount is equal to the current tax exemption, credit and refund amount; the uncredited input The Tax amount will be carried forward to the next period and continued to be deducted; starting from the 13th month, the tax refund amount for the current period will be calculated according to the calculation formula of "exemption, credit and refund". Third, enterprises should declare "exemption, credit and refund" taxes on a monthly basis, and the tax refund declaration period is from the 1st to the 15th of each month.
2. Accounting for “exemption, credit and refund” tax
The calculation formula is as follows:
The tax payable in the current period = the output tax of goods sold domestically in the current period - (the input tax in the current period - the current tax exemption, offset and refund shall not be exempted or deducted Amount of tax + amount of tax credit left over from the previous period)
Tax exemption, offset and refund shall not be exempted or deducted. Amount of tax = FOB price of exported goods Tax rate - tax refund rate for export goods) - tax exemption, credit and refund shall not be exempted from tax exemption and credit amount
Exemption, credit and refund shall not be exempted from tax payment and tax credit amount Deduction = Duty-free purchase price of raw materials × (Tax rate for export goods - Tax refund rate for export goods)
The amount of tax exemption and refund for the current period = FOB price of export goods × Foreign exchange RMB quoted price /p>
The tax refund amount for the current period = the amount left at the end of the current periodThe smaller of the tax credit or tax exemption and refund amount
The current tax exemption and credit amount = the current tax exemption, credit and refund amount - the current tax refund amount
Among them:1. The FOB price of export goods is calculated based on the export invoice, after deducting freight premiums and commissions If the export invoice cannot truthfully reflect the actual FOB price, the enterprise must declare to the competent tax authority based on the actual FOB price.
2. Duty-free purchase of raw materials includes domestic purchase of duty-free raw materials and imported processing of duty-free imported materials. The price of imported processing of duty-free imported materials is based on the composition. tax price.
The taxable price of tax-free imported materials for processing with imported materials = CIF price + actual customs duties and consumption tax
3. The ending tax credit amount of the current period is the "ending tax credit amount" in the "VAT Return" for the current period.
Here are some examples:
Example 1. A manufacturing enterprise with import and export rights Self-produced goods are exported and sold domestically.
A total of 5 tons were sold in January 2002, of which 4 tons were exported. The export FOB price was US$99,000. The payment was not received, and the US dollar accounting exchange rate was 8.27; The domestic sales volume is 1 ton, the domestic sales amount is 200,000 yuan, the output tax is 34,000 yuan, the raw materials and other auxiliary materials purchased that month are 470,588 yuan; the total input tax is 80,000 yuan. It is assumed that the value-added tax rate for domestic and foreign goods is 17%, the tax refund rate for exported goods is 15%, and there is no tax credit left over from the previous period.
Account processing is as follows:
(1) Outsourced raw and auxiliary materials, spare parts, etc., divided into Recorded as:
Debit: Raw materials and other subjects 470588
Tax payable - value-added tax payable (Input tax) 80000
Loan: bank deposit 550588
(2) When the product is exported, Recorded as:
Duty-free export sales=99000×8.27=818730 (yuan)
Debit: foreign exchange receivable 818730
Loan: Main business income 818730
(3) Domestic products, the entries are:
Debit: bank deposit 234,000
Loan: main business income 200,000
Tax payable - value-added tax payable (output tax) 34,000
(4) At the end of the month, calculate the tax amount that is not allowed to be deducted or refunded for exported goods in the month ：
Tax exemption, credit and refund for the current period shall not be exempted and the amount of tax deduction = 818730 × (17%-15%) = 16374 (yuan)
Debit: product sales cost 16374
Credit: tax payable - value-added tax payable (input tax transferred out) 16374
(5) Calculate the tax payable:
The tax payable this month = the amount of domestically sold goods in the current period Output tax - (input amount for the current period + tax retained for the previous period - the amount that is not deductible or refundable for the current period) = 34000 - (80000) -16374) = -29626 (yuan)
Since the tax payable is less than zero, it means that the "ending tax credit amount at the end of the period" is 29,626 yuan.
(6) Calculate the tax refund amount and Amount of tax exemption, credit and refund:
Amount of tax exemption, credit and refund = FOB price of export goods × foreign exchange RMB price × tax refund rate of export goods = 818730 × 15% = 122809 (yuan)
When the remaining tax credit at the end of the current period is 29,626 yuan ≤ the tax exemption, credit and refund amount for the current period is 122,809 yuan:
The current period should be Amount of tax refund = Amount of retained tax credit at the end of the current period = 29,626 yuan.
The current tax exemption amount = the current tax exemption amount - the current tax refund amount = 122809-29626 = 93183 (yuan)
Debit: Export tax rebate receivable 29626
Tax payable - value-added tax payable (export offsets tax payable on domestically sold products) 93183
Credit: Tax payable - Value-added tax payable (export tax rebate) 122809
(7) Tax refund received When, the entry is:
Debit: bank deposit 29626
Credit: export tax rebate receivable 29626
Example 2. In the "exemption, credit and refund" tax business, the accounting processing of the imported processing and re-export business is relatively complicated. Here is an example. Following the above example, assuming that the price of imported materials written off by the customs that month is 100,000 yuan, and other conditions remain unchanged, the entries (1) to (3) are the same as above. The rest of the accounting processing is as follows:
(4) Duty-free imported materials, the entries are:
Debit: Raw materials 100,000
Credit: Bank deposit 100,000
(5) At the end of the month, calculate exports for the month The amount of tax on goods that cannot be deducted or refunded:
The amount of tax that cannot be exempted or refunded: The amount of tax that cannot be deducted or refunded = the price of raw materials purchased without tax × (export goods Tax rate - tax refund rate for export goods) = 100000 × (17%-15%) = 2,000 yuan
Exemption, offset and refund The amount of tax that cannot be exempted or deducted = FOB price of exported goods in the current period /p>
Debit: product sales cost 14374
Credit: tax payable - value-added tax payable (input Tax transfer out)14374
(6) Calculate the amount of tax refundable or the amount of retained tax credit at the end of the current period:Tax amount payable=34000-(80000-14374 )=-31626 yuan
Since the tax payable for the current period is less than 0, it means that the "end of period retained tax credit" for the current period is 31626 yuan.
(7) Calculate the tax refund amount and tax exemption amount:
Tax exemption and refund amount credit Reduction amount = duty-free purchase price of raw materials Listed price When the tax credit and refund amount is 107,809 yuan:
The tax refund amount for the current period = the remaining tax credit amount at the end of the current period = 31,626 (yuan).
The current tax exemption amount = the current tax exemption amount - the current tax refund amount = 107809-31626 = 76183 (yuan).
Debit: Export tax rebate receivable 31626
Tax payable - value-added tax payable (export Deduction of tax payable on domestically sold products) 76183
Credit: Tax payable - Value-added tax payable (export tax rebate) 107809
(8) When the tax refund is received, the entry is:
Debit: bank deposit 31626
Credit: Export tax rebate receivable 31626
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