Accounting involves: the balance after the travel expenses paid to other tour companies and the accommodation, catering, transportation, visa and ticket fees collected from the buyers of travel services and paid to other units or individuals is sales.

It is stipulated in the latest camp reform:

When providing tourism services, pilot taxpayers can choose to use the total price and extra-price fees obtained, and deduct the travel expenses paid to other tour companies and the accommodation, catering, transportation, visa and ticket fees collected from the buyers of tourism services and paid to other units or individuals as sales.

its accounting treatment

(I) accounting for differential taxation of general taxpayers

According to the Notice on Printing and Distributing the Provisions on Accounting Treatment of Enterprises in the Pilot Project of Changing Business Tax to Value-added Tax, if the relevant expenses are allowed to be deducted from sales to record the output tax reduced by the enterprise due to the deduction of sales according to regulations, the "output tax deduction" should be added under the subject of "Taxes payable-Value-added tax payable". When an enterprise accepts taxable services, it is allowed to deduct the sales amount and reduce the output tax according to the regulations. The entries are as follows:

Debit: Taxes payable-VAT payable (output tax deduction) [according to the difference between the amount actually paid or payable and the above-mentioned VAT ]

Main business cost [according to the amount actually paid or payable ]

Loan: bank deposits/accounts payable

Assuming that Company A is a general taxpayer, tax-included sales should be separated by 6%.

1. Accounting treatment when obtaining tourism service income

Debit: bank deposit

Loan: main business income

Taxes payable-Value-added tax payable (output tax)

2. Accounting treatment when paying tourism service subcontract of Company B:

Debit: main business cost

Taxes payable-Value-added tax payable (output tax). Accounting treatment when booking the entrance fee:

Debit: main business cost

Taxes payable-VAT payable (output tax deduction)

Loan: bank deposit

Extended information:

I. Formula and tax rate

For the pilot taxpayers to choose the difference tax for providing tourism services, in addition to the expenses that have been deducted from the sales,

the sales amount of tourism differential tax = the total price obtained and the extra expenses-the travel expenses paid to other tour companies and the accommodation, catering, transportation, visa and entrance fees charged from the buyers of tourism services and paid to other units or individuals.

current output tax = sales amount ÷(1+6%)×6%

VAT payable by small-scale taxpayers = sales amount ÷(1+3%)×3%

II. Invoice issuance

Among them, the above fees collected and paid by the pilot taxpayers who choose the difference tax method to calculate sales amount from the buyers of tourism services.

It is stipulated in the latest announcement of the pilot reform of the camp: "If the differential taxation method is applied to pay the value-added tax according to the current policies and regulations, and the full value-added tax invoice is not allowed (unless otherwise stipulated by the Ministry of Finance and the State Administration of Taxation), when the taxpayer issues the value-added tax invoice by himself or the tax authority issues it on his behalf, the tax-included sales amount (or tax-included assessment amount) and deduction amount will be entered through the differential taxation invoicing function in the new system, and the tax amount and tax-excluding amount will be automatically calculated by the system, and the words' differential taxation' will be automatically printed in

Reference:

Baidu Encyclopedia-Tourism Enterprise Accounting