Borrow: administrative expenses and other subjects,
credit: payable employee compensation - welfare expenses;
Borrow: payable employee compensation - welfare expenses,
credit: bank deposits and other subjects.
Article 3 of the State Administration of Taxation's Circular on the Deduction of Salaries and Wages and Employee Welfare Expenses of Enterprises (Guo Shui Han [2009] No. 3) explicitly identifies the subsidy for employee canteen expenses as an element of employee welfare expenses of enterprises.
The Ministry of Finance "on the enterprise to strengthen the financial management of employee welfare costs notice" (Caiqi [2009] No. 242), Article 1 will be the same subsidies for self-managed staff canteens or staff canteens do not have a unified supply of lunch expenditures as a component of the accounting of employee welfare costs.
At the same time, the second paragraph of the second article of the document Caiqi [2009] 242, in particular, pointed out that the subsidies for lunch expenses that are not uniformly supplied on a monthly basis are not part of the accounting for employee welfare expenses, and should be included in the management of the total wage bill. In addition, if it is cooperating with other restaurants to provide employee lunches.? then the subsidy paid by the enterprise to the cooperative restaurant is, in essence, the other party's operating income.
Expanded Information:
According to the "People's Republic of China*** and State Invoice Management Methods Article 20 provides that units engaged in business activities, external business operations to collect money, the payee shall issue invoices to the payer. Article 22 also stipulates that invoices that do not comply with the regulations shall not be used as financial reimbursement vouchers, and any unit or individual has the right to refuse to accept them.
The tax treatment of this employee lunch expenses is as follows:
For the standard of pre-tax deduction of subsidies for employee cafeteria funds, the Enterprise Income Tax Law does not give a fixed amount of range, the practical treatment of enterprises can be grasped from two aspects:
One is to comply with the principle of reasonableness of the tax law (in line with the routine of production and business activities);
The second is that Subsidies in line with the provisions of the actual occurrence of the first in the welfare expenses, pre-tax deductions in accordance with the "Regulations for the Implementation of the Enterprise Income Tax Law" Article 40 "enterprises incurred employee welfare expenditure, not more than 14% of the total wages, salaries, are allowed to deduct the portion of the deduction," the provisions of the deduction.
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