How to make an account of social security late fees

According to the tax law, the calculation method of overdue fine is overdue fine payable = taxable amount × days ×0.05%.

Therefore, when an enterprise has financial transactions with late payment fees, it is clear which account this account should belong to. The general treatment method is to charge it to the "non-operating expenses" account, and the late payment fee is a punitive expense.

The late payment fee exceeds the prescribed payment period and is a kind of liquidated damages charged to the payer. Generally, according to the number of days exceeding the prescribed time limit, a certain percentage of the amount payable is charged every day.

The accounting entries are as follows:

1. Debit: non-operating expenses-tax late fee

? Loans: bank deposits

2. When paying late fees, you can directly

Debit: previous year's profit and loss adjustment

Loans: bank deposits

Extended data

Conditions for paying taxes and late fees

1. Failure to pay taxes as required.

2, due to the taxpayer and withholding agent calculation error, resulting in less tax.

3. Tax evasion.

4. Failure to declare tax payment, failure to pay or underpay tax payable.

5. Tax arrears.

6. Refusing to pay taxes.

Baidu encyclopedia-non-operating expenses