What is the electricity tax rate?

According to Article 5 of the Provisional Regulations on Value-added Tax in People's Republic of China (PRC), taxpayers selling goods or taxable services shall calculate the value-added tax according to the sales amount and the prescribed tax rate, and collect the value-added tax from the buyer.

Enterprises should refer to the contents of the invoice issued by the billing unit when paying the water and electricity related tax rates. Usually you can get a special ticket for electricity consumption, and the tax rate is 13%. Generally, the water fee is 6%.

How to make accounting entries when paying electricity bills?

Pay for this month's expenses

If you receive the water and electricity invoice first, then pay.

Borrow: management fee-utilities

Credit: other payables

Debit: Other payables

Loans: bank deposits

Pay last month's utilities:

Borrow: management fee-utilities

Loans: bank deposits

When collecting utilities in advance

Borrow: bank deposit or cash.

Loan: other payables-* * * (name of company paying water and electricity charges) (if the income from water and electricity charges is the main business income, it should be included in the accounts received in advance)

When recognizing water and electricity fee income

Debit: Other payables-* * * (name of the company that pays utilities) (or accounts received in advance)

Loan: other business income (or main business income)

Accounting entries of the property company for collecting water and electricity charges:

Collection time

Debit: bank deposit

Loan: other payables-name of power supply bureau or water supply company

2. When paying

Borrow: other payables-name of power supply bureau or water supply company

Loans: bank deposits

Expenses incurred by enterprises in the process of sales. For industrial enterprises, sales expenses refer to the expenses incurred in the process of selling products, self-made semi-finished products and providing industrial services, as well as the expenses of setting up sales organizations to sell their products.

Specifically, it includes transportation fees, loading and unloading fees, packaging fees, insurance fees, exhibition fees, sales commissions, handling fees, advertising fees, rental fees, sales service fees, as well as salaries, welfare fees, travel expenses, office expenses, depreciation fees, repair fees, material consumption, amortization of low-value consumables and other expenses of personnel of specialized sales organizations.

However, the internal sales department belongs to the administrative department, and the expenses incurred are not included in the sales expenses, but should be included in the management expenses.

What is the electricity tax rate? The sales revenue of electric power enterprises and the VAT rate when issuing VAT invoices have been introduced to you in the above article. I hope our analysis and analysis of national policies can help you understand. For more wonderful accounting knowledge analysis, please continue to pay attention to the update of our website.