Can real estate enterprises accrue costs?

Can real estate enterprises accrue costs?

Article 32 of Guo Shui Fa (2009) No.31stipulates that in addition to the following accrued (payable) expenses, the actual cost shall be the taxable cost.

(1) If the project has not been finally settled and the full invoice has not been obtained, the insufficient invoice amount may be accrued on the premise of sufficient supporting information, but the maximum amount shall not exceed 65,438+00% of the total contract amount.

(2) If the public facilities have not been built or completed, the construction cost can be reasonably accrued according to the budgeted cost. Such public facilities must meet the irrevocable conditions that they have explicitly promised to build in housing sales contracts, agreements or advertisements and models, or must be built in accordance with laws and regulations.

(3) The construction fee and property improvement fee that should be reported to the government but not reported may be accrued according to regulations. Property improvement fees refer to property management funds, public building maintenance funds or other special funds that should be borne by enterprises according to regulations.

Whether the relevant provisions of Article 6 of Announcement No.34 can be applied to such matters of real estate development enterprises.

The items listed in Article 32 of the Measures for the Treatment of Enterprise Income Tax in Real Estate Development Business are supplementary provisions to Article 34 of the Actual Expenditure. In other words, except for the items specified in Article 32, all other costs and expenses must actually occur and obtain legal evidence.

Announcement No.34 of People's Republic of China (PRC) State Taxation Administration of The People's Republic of China 20 1 1 is also applicable to real estate enterprises, but the expenses accrued by real estate enterprises according to Article 32 of Document No.31are not restricted by obtaining corresponding valid vouchers before final settlement. In other words, the expenses accrued by real estate enterprises according to Article 32 of Document 3 1 are clearly defined as items that can be accrued and deducted.

What are the accounting entries of real estate development cost withholding?

Pre-entrustment is divided into two situations:

1. Create the following entries for cost components without warehousing and outbound links:

Debit: main business cost (or other business cost)

Credit: accounts payable

2. There are two kinds of warehousing links that cost components need to go through:

(1) Use the original inventory materials (or finished products) to make the following entries:

Debit: main business cost (or other business cost)

Loan: raw materials (or finished products, etc. )

(2) Use the newly purchased (or newly produced) materials (or finished products) that have not gone through warehousing procedures to make the following entries:

First, make an estimated warehousing entry:

Borrow: raw materials

Credit: accounts payable

Then create a library entry.

Debit: main business cost (or other business cost)

Loan: raw materials (or finished products)

When the actual cost can be determined, the transaction can be offset, and entries can be made according to the actual amount, or related entries can be made according to the difference.