Calculating the tax-included amount according to the tax amount is a common task in financial work, and for enterprises, the calculation of the tax-included amount is directly related to the tax burden and financial status of the enterprise. This article will help readers better grasp how to calculate the tax amount based on the tax amount through the introduction of cases and precautions.
1. Calculation formula.
Tax-included income = Tax-excluded income + tax amount.
Where, revenue excluding tax = contract price - tax.
Tax Amount = Tax Exclusive Income Tax Rate.
Please note that the contract price and tax rate in the above formula are determined on a case-by-case basis.
2. Cases. An enterprise sells a batch of goods, the amount excluding tax is 1 million yuan, and the VAT rate is 13%, and the amount of tax included is calculated according to the tax amount as follows:
Tax-included amount = Tax-exclusive amount 1 + tax rate).
1,000,000 RMB 1 + 13%)
1,000,000 yuan 113
1.13 million yuan.
Therefore, the tax-inclusive amount of this batch of goods is 1.13 million yuan.
3. Precautions.
1.Confirm the tax-exclusive amount and tax rate. The tax-exclusive amount is the original amount of the goods sold, and the tax rate is the VAT rate stipulated in accordance with the laws and regulations of the country. Before calculating the tax-inclusive amount, you must ensure that the tax-exclusive amount and tax rate are accurate.
2.When calculating the tax-inclusive amount, multiply the tax-exclusive amount by (1 + tax rate) instead of directly multiplying the tax-exclusive amount by the tax rate. This is because the tax-inclusive amount includes not only the tax-exclusive amount, but also the amount of VAT that is due.
3.Pay attention to the decimal point precision of the tax rate. When calculating the tax-included amount, keep the decimal point precision of the tax rate to two decimal places to ensure the accuracy of the calculation.
4.When filling in VAT invoices or other tax documents, pay attention to the format of filling in the tax-included amount. Generally speaking, the tax-inclusive amount should be filled in the form of "tax-excluded amount + VAT tax payable", for example, "1 million yuan + 130,000 yuan = 1.13 million yuan".
5.When conducting financial analysis, it is important to distinguish between tax-included and tax-excluded amounts. The tax-included amount includes the amount of VAT that should be paid, so it is necessary to use the tax-included amount for calculation and analysis when performing financial analysis such as costs, revenues, and profits.
6.When carrying out tax planning, it is necessary to pay attention to the rational use of tax policies. According to the provisions of national laws and regulations, enterprises can make reasonable use of tax policies for tax planning, such as reducing the VAT tax burden by reasonably selecting the best merchants and adjusting the goods.
7.When carrying out financial management, it is necessary to pay attention to the timely payment of VAT tax amounts. Enterprises shall pay VAT in a timely manner in accordance with the provisions of national laws and regulations to avoid unnecessary losses such as late fees and fines due to failure to pay in time.
8.When preparing financial reports, it is necessary to pay attention to the disclosure of the amount including tax and the amount excluding tax. Enterprises should disclose relevant information such as the amount of tax included and the amount excluding tax in their financial reports, so that investors and other stakeholders can understand the financial status and operating results of the enterprise.
In short, calculating the tax-included amount according to the tax amount is an important task in the financial management of enterprises. By mastering how to calculate the tax-included amount and the introduction to the precautions, companies can better manage their financial situation and reduce unnecessary losses.