How does the property company calculate the rent of public rental housing?

How does the property company calculate the rent of public rental housing?

1. Receive the rent in one lump sum.

Debit: bank deposit

Loan: accounts received in advance/contractual liabilities (the new income standard is implemented, the same below).

Taxes payable-VAT payable (output tax)/Taxes payable-Simple tax calculation

2. If the location of the house and the location of the institution are not in the same county or city, the value-added tax shall be paid in advance at the location of the house.

Borrow: Taxes payable-VAT paid in advance/Taxes payable-Simple taxation

Loans: bank deposits

Income carried forward by installments during the lease term.

Debit: accounts received in advance/contractual liabilities

Loan: income from main business (mainly housing rental, the same below)/other business income.

3. If the location of the house and the location of the institution are in the same county and city, directly declare the tax on the rental of the house.

Debit: accounts received in advance/contractual liabilities

Loan: Taxes payable-VAT payable (output tax)/Taxes payable-Simple tax calculation.

Income carried forward by installments during the lease term.

Debit: accounts received in advance/contractual liabilities

Loan: main business income/other business income.

4. It is not a one-time advance rent, and the rent is charged according to the contract.

(1) Pay the rent in advance

collect the rent

Debit: bank deposit

Loan: accounts received in advance/contractual liabilities (the new income standard is implemented, the same below).

Taxes payable-VAT payable (output tax)/Taxes payable-Simple tax calculation

Income carried forward by installments during the lease term.

Debit: accounts received in advance/contractual liabilities

Loan: income from main business (mainly housing rental, the same below)/other business income.

(2) Rent collection (such as once every six months)

Income carried forward by installments during the lease term.

Debit: accounts receivable

Loan: income from main business (mainly housing rental, the same below)/other business income.

Taxes payable-taxes to be written off

Date of receipt of rent or contract.

Debit: Taxes payable-Taxes to be written off

Loan: Taxes payable-VAT payable (output tax)/Taxes payable-Simple tax calculation.

Collect rent

Debit: bank deposit

Credit: accounts receivable

5. Staged carry-over costs during the lease term (excluding fair value model).

Debit: main business cost/other business cost.

Loan: accumulated depreciation of investment real estate.

Value-added tax treatment of house rental

1. The applicable tax rate is 9% (general taxpayer)/the collection rate is 5% (simple taxation or small scale).

2. Simple taxation of ordinary taxpayers

(1) General taxpayers can choose to rent out the real estate they acquired before April 30, 20 16 by applying the simple tax calculation method, and calculate the tax payable at the tax rate of 5%.

The general taxpayer rents out the real estate acquired after May/20 1 6, and the general taxation method is applicable.

Real estate time judgment:

-Obtained by direct purchase, gift, investment, equity participation or debt repayment, and the date when the ownership of the real estate changes is the acquisition time.

-If the taxpayer leases or transfers the self-built real estate, the commencement date indicated in the construction project permit shall be the time to acquire the real estate. If there is no construction permit, the commencement date indicated in the contract shall be the time when the real estate is acquired.

(2) On the issue of how to pay taxes on subletting real estate, the General Administration clearly determines it according to the taxpayer's renting real estate. If the general taxpayer sublets the real estate leased before April 30, 20 16, he can choose the simple method to pay taxes; If the real estate leased after May 1 is subletted, the simple tax calculation method cannot be selected.

3. Prepaid VAT

(1) General taxpayers can choose to rent the real estate acquired before April 30, 20 16 by applying the simple tax calculation method, and calculate the tax payable at the tax rate of 5%. Taxpayers who rent out the real estate that is not in the same county (city) as the institution before April 30, 20 16 should pay taxes in advance at the place where the institution is located according to the above taxation method.

Withholding tax = sales including tax ÷( 1+5%)×5%

(2) If the general taxpayer rents out 1 the real estate acquired after May, 2065438 and the place where the institution is located is not in the same county (city), the tax shall be paid in advance at the place where the real estate is located at the withholding rate of 3%, and then the tax declaration shall be made to the competent tax authorities where the institution is located.

Withholding tax = sales including tax ÷( 1+9%)×3%

(3) Small-scale taxpayers should calculate the tax payable at the tax rate of 5% if they rent the real estate they have acquired (excluding individual rental houses). Taxpayers renting out real estate that is not located in the same county (city) as the institution should pay taxes in advance in the place where the real estate is located according to the above-mentioned taxation method, and file tax returns with the competent tax authorities where the institution is located.

Withholding tax = sales including tax ÷( 1+5%)×5%

(four) individual industrial and commercial households renting houses (applicable to simple taxation) shall calculate the prepaid tax according to the following formula:

Withholding tax = sales including tax ÷( 1+5%)× 1.5%.

(5) Small-scale taxpayers who should pay VAT in advance according to the current regulations do not need to pay VAT in advance in the current period on the premise that the monthly sales realized at the prepayment place do not exceed 6,543,800 yuan (if 654.38+ 0 quarters are 654.38+0 tax periods, the quarterly sales do not exceed 300,000 yuan).

(6) If a taxpayer needs to pay taxes in advance when leasing real estate, it shall pay taxes in advance within the tax declaration period of the next month of leasing or within the tax payment period approved by the competent tax authorities where the real estate is located.

(7) The value-added tax paid in advance to the competent tax authority where the real estate is located can be deducted from the value-added tax payable in the current period. If it cannot be fully deducted, it will be carried forward to the next period for further deduction. Taxpayers should use tax payment vouchers as legal and valid vouchers for deducting tax payable.

4. Invoice issuance

When renting real estate, taxpayers should indicate the detailed address of real estate in the remarks column when issuing VAT invoices by themselves or tax authorities.

5. The time when the tax obligation occurs

(1) If a taxpayer provides rental services in advance, its tax obligation will occur on the day when it receives the advance payment.

(2) The day when the taxpayer conducts taxable activities and receives the sales price or obtains the certificate for claiming the sales price; If the invoice is issued first, it is the day of invoice issuance.

According to the different ways of collecting rent, the accounting treatment is also different. The above explanation about how the property company collects the rent of public rental housing is over, and everyone should master the value-added tax treatment of housing rent. We provide professional financial information and practical knowledge of accounting and taxation for the majority of fiscal and taxation partners. For more information about accounting treatment of property companies, please visit our website to choose the practical course of property companies.