Problems Needing Attention In Accounting Invoice Processing

Invoice work has always been a top priority for accountants. Accountants are extremely prone to make mistakes when dealing with invoices.

The summary of the current invoice problems is summarized below.

[q] how do I receive foreign form invoices? Do I need to register with the tax department?

[answer] according to the provisions of the People's Republic of China invoice management regulations (No. sixth of the Ministry of finance of the People's Republic of China), the tax authorities concerned may obtain the tax related invoices or vouchers obtained by the units and individuals from abroad. If the tax authorities have any doubt about the tax inspection, they can provide the certification of the overseas notarial institutions or certified public accountants, and be approved by the tax authorities before they can be used as accounting vouchers.

Therefore, your company can obtain overseas vouchers, but when the tax authorities review, you need to provide confirmation by your company.

[problem] in tax inspection, it is found that a company has obtained several invoices. The enterprise has been included in the cost and has been deducted before the enterprise income tax.

After sending a letter to the tax authorities of the issuing party, we have received a reply to confirm that the business and payment are true. Only the invoice issuing party has issued a "big and small tail" invoice. If the invoice content of the enterprise is consistent with the business and payment amount, will it be necessary to deduct the invoice from the invoicing party before deducting the income tax?

[answer] if a taxpayer has a real paction and a bona fide acquisition of "big and small tail" invoices, if the tax authorities of the place where the drawer Party's taxpayers are located, the invoice must be issued by the issuing party.

The purchase, and the purchaser, the issuing party, the business paction and the receivables belong to the same party, and the actual paction amount is the same as the amount listed on the invoice, and the invoice obtained is granted as a proof of the pre tax deduction.

[q] When taxpayers issue special invoices for value-added tax, how should they make invoices when there are more varieties of goods?

[answer] according to the Circular of the State Administration of Taxation on the revision of the provisions on the use of special invoices for value-added tax ([2006]156), the general taxpayers can distribute and issue special invoices for the sale of goods or the provision of taxable services.

When the special invoice is collected, the list of goods sold or the taxable labor service shall be issued with the use of the anti-counterfeiting tax control system, and the financial special seal or the invoice special seal shall be affixed.

[q] our company has obtained the invoice of the express company, but has not filled out the name of the company, and the financial personnel have filled it in handwritten form.

Can the real and reasonable expenses in this case be deducted before the enterprise income tax?

[answer] the eighth provision of the enterprise income tax law stipulates that the actual expenses related to the acquisition of income, including costs, expenses, taxes, losses and other expenses, are allowed to be deducted when calculating the taxable income.

The Circular of the State Administration of Taxation on Issuing the notice on Further Strengthening the specific measures for tax collection and Administration (sixth of the national tax [2009] 114) stipulates that the management of pre tax deduction of enterprise income tax shall be strengthened.

Legal and valid credentials not obtained according to the regulations shall not be deducted before tax.

The twenty-second provision of the invoice management regulation stipulates that invoices that do not conform to the regulations shall not be used as financial reimbursement vouchers, and any unit or individual has the right to refuse to accept them.

The twenty-third article stipulates that the invoice should be opened in accordance with the time limit and order of the laws and regulations, and it should be put into reality in one time and all, and the financial seal of the unit or the special stamp of the invoice should be added.

Therefore, when Invoicing an invoice, an enterprise must pay attention to its legality when obtaining invoices. It must not claim any invoices which do not conform to the regulations, such as incomplete items, untrue contents, no financial seals or special invoices, etc., and any unit that has not complying with the regulations shall have the right to refuse to accept the invoice or to deduct it before the enterprise income tax.

[question] the court ordered the enterprise to pay the compensation, but could not get the invoice. Could the expenditure be deducted before tax?

[answer]

"The eighth provision provides that when a company actually has a reasonable expenditure related to income, including costs, expenses, taxes, losses and other expenses, it is permitted to calculate the taxable income.

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Therefore, if the payment of the compensation is related to the production and operation of the enterprise and belongs to the enterprise due to the contract behavior, it can be deducted before tax.

The court decides that the enterprise shall pay the compensation, and the enterprise can deduct the evidence from the receipt issued by the court's judgment document and the payee.

According to the regulations of the Ministry of Finance and the State Administration of Taxation on the carrying out of the pilot scheme for the implementation of the value-added tax in the pportation industry and some modern service trades in Shanghai (fiscal 2011 [111]), the value added tax specified in the VAT invoices obtained from the seller or the supplier is deducted from the output tax.

However, the input tax of the following items shall not be deducted from the output tax: (1) for the application of simple tax calculation method, non value-added tax items, exemption from value-added tax items, collective welfare or personal consumption of goods purchased, processing repair and repair services or taxable services.

Among them, fixed assets, patented technology, non patented technology, goodwill, trademark, copyright and tangible movable property lease refer only to fixed assets, patented technology, non patented technology, goodwill, trademark, copyright and tangible movable lease that are specifically used for the above projects.

(two) the purchase of goods with abnormal losses and related processing, repair and repair services and pportation services.

(three) the purchase of goods (excluding fixed assets), processing repair and repair services, or pportation services consumed by products and finished products in abnormal losses.

(four) passenger pport services accepted.

(five) motorcycle, motor vehicle and yacht, which are used for consumption tax, except for the means of pport and rental services.

Therefore, the general tax payers who convert the business tax to the VAT can accept the taxable service if they belong to the scope of the permitted deduction and obtain the legal tax deduction certificate, which can deduct the input tax; if the scope of the above mentioned deduction is not deductible.