The non-collection of foreign exchange for export goods belongs to the situation of customs declaration and gift of export, and the accounting entries for the transfer of input tax are handled by borrowing sales expenses and crediting inventory goods. In this case, the accounting treatment of the exported goods is treated as a sale, and the input tax is not transferred.
Specifically, one is a sample advertising product, and the accounting entries are as follows:
Borrow: Selling expenses (advertising expenses).
Credit: Tax payable (output tax).
Credit: Inventory of goods.
Another situation is that the import and export are free, and the accounting entries are as follows:
Borrow: Non-operating expenses (donation expenses).
Credit: Tax payable (output tax).
Credit: Inventory of goods.
It should be noted that in the case of donation expenditure, if the donation expenditure of a social welfare organization that has not been recognized by the national tax authority is not allowed to be deducted before tax, and tax adjustment is required.
In practice, there may also be other types of export goods that do not collect foreign exchange, such as:
1.Preferential giveaways:When the company exports the goods, it comes with a gift of a certain value, in which case it may be necessary to consider the cost accounting and tax treatment of the gift.
2.Return Issues:If the export goods are returned after the foreign exchange is not collected, it is necessary to consider how to deal with the accounting of the return, which may involve the adjustment and tax treatment of the inventory goods.
3.Damaged goods:If the export goods are damaged or lost during transportation, it is necessary to consider how to account for the loss and whether it will affect the processing of input tax.
When dealing with these situations, accountants need to formulate corresponding accounting treatments according to the actual situation, ensure compliance with relevant financial regulations and tax regulations, and ensure that the company's financial position is truly and accurately reflected. February** Dynamic Incentive Program