What is the billing tax rate for utilities charged by the property company?

What is the billing tax rate for utilities charged by the property company?

If the property management company collects electricity charges in its own name and issues invoices for customers, it is a resale behavior, and issues a special VAT invoice or an ordinary VAT invoice in full, with the tax rate of 17%.

Fill in the information attached to the VAT tax return (1), item 1, item 1.

The special invoice receipt issued by the electric power bureau to your company can be certified and deducted.

The property company collects and pays the water and electricity fees, which is recorded in the "other receivables" subject and set up the second-level subject of "collecting water and electricity fees". Borrow when collecting money: other receivables, offset when turned over to the electric power bureau: other receivables. If the electricity fee is charged in advance, it can be recorded as "other receivables", and then it can be deducted in advance according to the monthly electricity fee receivable from the owner, such as "other receivables" until it is reduced to zero.

At the time of collection:

Debit: Cash on hand.

Loan: other receivables-collecting water and electricity fees.

When handing over to the electric power bureau:

Borrow: other receivables-charge for water and electricity.

Credit: Cash on hand.

If the property company only collects and pays taxes on behalf of the owners, and the power company issues invoices to the owners, the property company does not need to pay taxes. If the property management company collects service fees, the tax rate of general taxpayers is 6%, and that of small-scale companies is 3%. If the property management company issues invoices to the owners, the tax rate of general taxpayers is 13%, and that of small-scale taxpayers is 3%.

How to invoice the property for water and electricity charges?

1. If the unit that collects water and electricity charges has not signed an agreement with the water and electricity supply unit to entrust the collection of water and electricity charges, it is regarded as selling water and electricity, and VAT is required. At this time, the unit that collects water and electricity charges must issue a VAT invoice to the owner;

2. The unit collecting water and electricity charges signs an entrustment contract with the water and electricity supply unit. If the unit collecting water and electricity charges is only responsible for collecting water and electricity charges at a fair price, the water and electricity supply unit shall issue invoices to the business households, and the unit collecting water and electricity charges does not need to issue invoices.