Regarding the calculation of the additional deduction, this article summarizes 5 knowledge points for you to share, as follows:
1. Policy provisions
The additional deduction policy is a preferential tax policy implemented by the state in order to promote the development of the service industry, support small and micro enterprises, and support the steady growth of foreign trade. According to the policy, eligible general taxpayers can add and deduct the tax payable according to a certain proportion when calculating VAT.
2. Scope of application
The additional deduction policy is applicable to general taxpayers who provide postal services, telecommunication services, modern services and life services. These services include, but are not limited to, postal express services, telecommunications services, information technology services, financial services, cultural and sports services, entertainment services, tourism services, education and medical services, catering and accommodation services, etc.
3. Calculation method
The calculation of the additional deduction is as follows:
1.Determine the deductible plus deductible amount for the current period: calculated according to the lower of the tax payable for the current period and the tax payable before the deduction, multiplied by the additional deduction ratio.
2.The tax payable before the deduction is equal to the tax payable for the current period plus the tax payable before the deduction plus the tax payable before the deduction.
3.If there are more than one tax payable before the deduction in the same fiscal year, the deductible plus deductible amount for the current period shall be determined according to the principle of whichever is lower.
4.At the end of each tax period, the deductible plus deductible amount for the current period is summarized, and the deductible plus deductible amount for the current period after the summary is deducted.
5.If the deductible plus deductible amount in the current period after deduction is less than 0, the balance shall be carried forward to the next tax period to continue the deduction.
4. Precautions
1.The additional deduction policy is only applicable to general taxpayers, and small-scale taxpayers cannot enjoy this policy.
2.The additional deduction policy is a preferential tax policy, and enterprises should judge whether they meet the policy conditions according to their actual situation, and calculate and declare in accordance with the policy provisions.
3.When calculating the additional deduction, it is necessary to pay attention to the determination of the tax payable for the current period and the tax payable before the deduction, as well as the determination of the deductible additional deduction for the current period according to the principle of whichever is lower.
4.At the end of each tax period, it is necessary to summarize and deduct the deductible plus deduction amount of the current period in time to avoid the situation that the balance is carried forward to the next tax period.
5.If an enterprise enjoys other preferential tax policies at the same time, it should pay attention to the superimposed effect of the policies to avoid excessive tax incentives.
5. Case analysis
Suppose that the tax payable of a general taxpayer enterprise A in April 2023 is 1 million yuan, and the tax payable before the deduction is 800,000 yuan, and the additional deduction ratio is 10%. Then the deductible plus deduction amount of enterprise A in the current period is 80,000 yuan (the lower of 1 million yuan and 800,000 yuan is multiplied by 10%). If the tax payable of enterprise A in May 2023 is 800,000 yuan, then the deductible plus deduction for enterprise A in the current period is 80,000 yuan (800,000 yuan multiplied by 10%). In June 2023, Company A should summarize the deductible plus deductible amounts for the previous two months and make deductions. If the sum of the deductible plus deductible amount for the previous two months is less than 800,000 yuan, the deduction will be made according to the actual deductible amount.
Through the above case analysis, we can see that the calculation method of the additional deduction policy is relatively simple, and only a few key points need to be noted. In practice, enterprises can calculate and declare according to their own actual conditions, and enjoy the state's preferential tax policies.
Okay, that's it! I wish you all, account Changhong! Remember to follow, like, **leave a comment if you have a question, let's discuss it together!
Kunpeng Project