Tax Deductible Items Without Invoices Or Deductions

The enterprise income tax law of the People's Republic of China does not stipulate that a formal invoice must be obtained for income tax deduction items.

Some items can still be deducted without invoices.

The following are listed below.

I. wages

A reasonable wage and payroll expenditure for an enterprise refers to the remuneration paid by an enterprise to all employees in the form of cash or non cash in every tax year, including basic wages, bonuses, allowances, allowances, year-end pay increases, overtime wages, and other expenses related to the employee's employment or employment.

Taxpayers should formulate a more standardized system of staff salaries and salaries, define the scope of wages and salaries and correctly collect them.

The "reasonable wages and salaries" as referred to in the thirty-fourth section of the regulations on the implementation of the enterprise income tax law refers to the actual wages and salaries paid to the employees according to the wage and salary system formulated by the shareholders' meeting, the board of directors, the remuneration committee or the relevant management organizations.

The basis of payroll deduction is: (1) standardized wage and salary system; (2) payroll; (3) payment of social security; (4) personal tax details; (5) labor contract.

Two. Social insurance expenses and trade union funds shall be deducted from basic social insurance premiums, basic medical insurance premiums, unemployment insurance premiums, work-related injury insurance premiums, maternity insurance premiums and other basic social insurance premiums and housing provident funds paid by the enterprises in accordance with the scope and standards stipulated by the competent departments of the state Council or the provincial people's governments.

The supplementary pension insurance premium and supplementary medical insurance premium paid by an enterprise for investors or employees shall be deducted within the scope and standards stipulated by the competent department of Finance and taxation under the State Council.

The trade union funds appropriated by enterprises shall not be more than 2% of the gross salary.

social security

The deductions for trade union funds are as follows: (1) social security payment vouchers; (2) special receipts for trade union funds income; (3) the evidence of labor union funds issued by the Inland Revenue Department.

Three, the enterprise income tax law stipulates that the expenses of the staff and workers' welfare expenses that do not exceed 14% of the total salary will be deducted.

In actual work, the welfare cost paid by enterprises in cash, such as the payment of workers' subsidies (such as the only child allowance), relief fees, settling expenses, funeral expenses, pensions, visiting relatives fees, and living allowance for workers, is not required by the standard.

What we need to remind is that we should get legal invoices to purchase physical assets belonging to the range of employee benefits.

Four, property loss, property loss refers to the loss of assets, inventory losses, damage, scrapping, loss of property, loss of bad debts, natural disasters and other losses caused by the production and operation of enterprises in the production and operation activities, such as the loss of inventory, inventory, cash and theft.

In September 23, 2012, the State Council issued the decision on the Sixth Batch of cancellation and adjustment of administrative examination and approval items, abolished and adjusted a total of 314 items of administrative examination and approval, and the examination and approval of the enterprise's deduction of property losses before paying the income tax was included.

That is to say, enterprises do not need to report to the Inland Revenue Department for examination and approval when they deal with the relevant treatment before deduction of property losses.

Five.

The penalty for breach of contract, including the penalty paid by the taxpayer in accordance with the economic contract (including bank penalty), can be deducted from fines and litigation costs.

The deduction is based on: (1) court judgment or conciliation statement; (2) the ruling of the arbitration agency; (3) the agreement signed by the two sides for the provision of taxable goods or taxable services; (4) the indemnity agreement signed between the two parties; (5) the invoice or receipt issued by the receiver.

It needs to be reminded that taxpayers' production and operation are in violation of national laws, regulations and rules, and fines imposed by relevant departments and losses of confiscated property shall not be deducted, and the late fees, fines and fines for all taxes shall not be deducted.

Six. Depreciation of fixed assets (1). The recipient shall accept the gift of the real estate as the taxable income of the current period.

The sixth provision of the enterprise income tax law stipulates that the income earned by enterprises from various sources in monetary and non monetary means includes income from donations.

The twenty-first provision of the regulations on the implementation of the enterprise income tax law stipulates that the acceptance of donated income by the sixth item and eighth item of the enterprise income tax law refers to the monetary assets and non monetary assets that enterprises receive from other enterprises, organizations or individuals without compensation.

Accept the donation income and confirm the realization of the income according to the date of the actual receipt of the donated assets.

On the confirmation of the taxable price, the enterprise accepts the donated non monetary assets, and recognizes the income according to the fair value of the assets donated at the time of donation, and incorporates them into the taxable income of the current period, and calculates depreciation according to the provisions.

(2) a fixed asset that has reached a predetermined usage state but has not yet completed final accounts, shall determine its cost according to the estimated value and calculate depreciation; after the final accounts are completed, the original provisional assessment value will be adjusted according to the actual cost, but the old depreciation amount should not be adjusted.

(3) the fixed assets that have not been completed and settled but have been put into use should be depreciated according to the provisional valuation value.

(4) the fixed assets of inventory surplus are based on the full value of the replacement of similar fixed assets.

(5) the fixed assets that are pferred into investment shall be the tax basis based on the fair value of the asset and the related taxes and fees paid.

Seven. The labor costs involved in the labor costs paid to overseas enterprises all occur outside the territory, so they do not need to pay business tax or corporate income tax in China. Therefore, no formal invoice is required.

The enterprise can rely on the bills issued by overseas enterprises, and the foreign exchange certificates and contracts provided by the foreign exchange administration for pre tax deduction.

Eight, "travel expense reimbursement list" is also more commonly used as a reimbursement voucher.

Among them, in addition to the invoices of vehicle and aircraft, such as vehicle and aircraft, travel allowance, meal allowance, mileage subsidy and so on are calculated and filled in accordance with certain quota standards. As long as the actual occurrence and compliance are legal, it can be used as a voucher for expenses.

Nine, "air pport electronic ticket itinerary" is used as a payment voucher or reimbursement certificate for passengers to purchase electronic tickets.

Itinerary is included in the invoice management of the tax department, and is supervised by the State Administration of taxation. However, the invoice is not overprinted.

Ten, the financial receipt is a legal certificate with a relatively large amount of usage outside the invoice, which is supervised by the financial department and used by the administrative institutions and the charging units to collect various fees.