How to account for the vehicle purchase tax paid by the company when buying a car
How to make an account of the vehicle purchase tax paid by the company when buying a car is a common problem in accounting work. The vehicle purchase tax is collected once and has a special purpose, which is conducive to the rational planning of construction funds. This article introduces how to account for the vehicle purchase tax paid by the company when buying a car. Let's follow the editor to understand!
How is the vehicle purchase tax paid by the company when buying a car accounted for?
The vehicle purchase tax paid by the company for the purchase of vehicles shall be included in the cost of fixed assets, and the accounting treatment is as follows:
At the time of purchase:
Debit: fixed assets
Credit: tax payable - vehicle purchase tax payable
When submitting:
Debit: tax payable - vehicle purchase tax payable
Credit: bank deposit
Frequently asked questions about vehicle purchase tax
1. How are the taxpayers of vehicle purchase tax regulated?
A: Taxpayers of vehicle purchase tax include units and individuals who purchase automobiles, motorcycles with an exhaust volume of more than 150ml, trams and auto trailers in China.
2. Is it necessary to pay the vehicle purchase tax when buying second-hand cars?
Answer: Since the vehicle purchase tax is collected once, there is no need to pay the vehicle purchase tax when purchasing vehicles that have already collected the vehicle purchase tax.
3. What is the tax rate of vehicle purchase tax?
Answer: The tax rate of vehicle purchase tax is 10%.
Is the vehicle purchase tax accounted for through taxes payable?
Answer: Vehicle purchase tax can be calculated through taxes payable. In the course of Tax Substitution, except for stamp duty and farmland occupation tax, which are not accounted through "taxes payable", other taxes should be accounted through "taxes payable".
Can vehicle purchase tax be deducted?