1, this month export declaration, and documents (customs declaration, verification, bill of lading, etc.) collected, issued a special export invoice, according to the foreign exchange price and settlement amount on the first day of the month, calculate export sales revenue and exchange profit and loss, make entries: borrowing: advance collection of accounts management costs - exchange profit and loss credit: main business income - export business
2, according to the export sales income * (tax rate - tax rebate rate) calculate the non-exempt and deductible tax, make an entry: borrowing: main business cost credit: tax payable - VAT input tax transfer out
3, this month purchased materials, make entries: borrow: materials payable tax - VAT input tax credit: cash, bank deposits, accounts payable, etc
4, calculate this month's tax credit: last month's tax credit for this month's input tax - not exempt and deduction of tax
5. Next month, according to the approved export tax rebate declaration summary table, the tax credits, tax credits, tax credits are listed, and the entry is borrowed: allowances receivable - Export tax rebates receivable (tax refunds) taxes payable - decreasing taxes payable on domestic sales (tax credits exempted - tax refunds payable) Credit: Taxes payable - export tax rebates (tax credits exempted)
6, when receiving tax refund, make entries: borrowing: bank deposit loans: subsidies receivable - export tax rebates receivable according to tax requirements, the declaration must be FOB, so 1, FOB, do not consider freight, full income. 2, CIF, minus freight and insurance, as income. The freight and insurance can be treated as expenses first, and then deducted after recovery, or treated as other receivables to break even. 3, CFR, refer to CIF processing. When goods are exported and income is recognized, the following accounting treatment is done based on the export sales (FOB price) : Debit: accounts receivable (or bank deposits, etc.) Credit: main business income (or other business income, etc.)