Article 43 of the Regulations for the Implementation of the Enterprise Income Tax Law of the People's Republic of China stipulates that entertainment expenses incurred by an enterprise related to production and business activities shall be deducted according to 61% of the amount incurred, but the maximum amount shall not exceed 5‰ of the sales (business) income of the current year.
It can be handled as follows:
Debit: management expenses/sales expenses-business entertainment expenses
Loan: cash
If taxes are involved, you can do this:
Debit: management expenses-business entertainment expenses (cost price)
Loan: raw materials, salaries payable to employees, etc.
Regulations for the Implementation of the Enterprise Income Tax Law. As well as the use of goods, property and services for donation, debt repayment, sponsorship, fund-raising, advertising, samples, employee welfare or profit distribution, it shall be regarded as selling goods, transferring property or providing services, except as otherwise provided by the competent departments of finance and taxation of the State Council. " The 9 listed items do not include social intercourse and entertainment, therefore, the income tax on hospitality in the hotel does not need to be regarded as sales.
Extended information
Working procedures of cost and accounts payable group
Cost and accounts payable group is an important organ for making good use of and managing funds. Strengthening the management and supervision of funds is one of the important responsibilities of cost accountants. Every accountant should understand and master the ins and outs of funds, control the standard of cost expenses, and make the funds turn around and be used normally. The main contents of his work are as follows:
(1) Collecting and closing the check
The buyer will send the purchase invoice and inspection list to the finance department for closing the account according to the specific contents of the purchase that day, after being approved by the head of the purchasing department. At the time of checkout, the cost accountant should check the invoice issuing date and purchase name; Purchase quantity and unit price;
whether the size and amount are consistent; E. official seal of the ticket holder. Check whether the inspection certificate is consistent with the invoice amount, whether the signatures of the agent, the inspector and the consignee are complete, and cancel the purchase order. After verification, the amount and purchase contents will be filled in the check collection register, which can be transferred to daily bank expenditure statistics.
(II) Statistics of daily bank expenditures
The expenditure cashier should provide the daily bank expenditures to the income cashier to prepare the daily bank report. Before the statistics, first, fill in the expenditure register according to the check number sequence and the occurrence time of the transfer acceptance form, indicating the date of bank expenditure, the name of the payer, the payment amount and the purchase content. After checking according to the closing procedure, you can prepare the expenditure table of each bank. Statistical tables are made in duplicate, one of which is submitted to the income cashier as the basis for the preparation of daily bank statements, and the other is used for review and reference. The amount of expenditure of each bank in the statistical table should be consistent with the amount filled in the expenditure register every day.
(3) Procedures for compiling expenditure vouchers
Expenditure vouchers are accurately reflected in the accounts according to the accounting principles of accrual basis and the instructions for the use of accounting subjects. The procedures for compiling expenditure vouchers are:
1. Fill in the name of the payer;
2. Fill in the date of payment;
3. Fill in the summary of economic business;
4. Fill in the account and account number;
5. Fill in the amount of economic business.
Baidu Encyclopedia-Regulations for the Implementation of the Enterprise Income Tax Law of the People's Republic of China