are all meals business entertainment expenses? The answer is not necessarily. What accounting subjects should be included in the expenses incurred by enterprises such as reception fees, business trips and meetings? Mande Enterprise Service has prepared a detailed explanation for you today.

Myth 1:

All meals are business entertainment expenses

Correct way: In the normal operation of enterprises, the causes of meals are different, and many enterprises equate meals with business entertainment expenses. In fact, business entertainment expenses include meals, but meals are not necessarily business entertainment expenses.

For example:

◎ Entertaining customers for meals due to the needs of business development, and "hospitality" is listed in accounting;

◎ When employees eat on business trips, the meal expenses within the standard are listed as "travel expenses" in accounting;

◎ Employees' welfare expenses are listed in the accounting for dining in the canteen and overtime dinners;

◎ The enterprise organizes employees' vocational and technical training, and has meals during the training, and the "employee education funds" is listed in the accounting;

◎ When an enterprise holds a meeting in a hotel and eats during the meeting, the "meeting fee" is listed in the accounting;

◎ The meal expenses incurred during the preparation period of the enterprise are listed as "organization expenses" in accounting;

◎ The employee meal allowance paid in cash is listed as "salary" in accounting;

◎ The trade union organizes employee activities, and the meal expenses incurred during the activities are listed as "trade union funds" in accounting;

◎ When an enterprise holds a board meeting, the "director's membership fee" is listed in the accounting for the meal expenses incurred during the board meeting;

◎ "Meals in film and television dramas" in the filming process of film and television enterprises are included in the accounting of film and television costs.

Myth 2:

After a meal, a catering invoice must be issued with an invoice list

Correct way: the seller in the catering service industry can issue an invoice according to the commodity code of 317141111111111111 (catering service), and the list in the dishes does not need to be issued through the list of the tax control system, and consumers can use the fee-clearing receipt and the invoice as tax vouchers.

Myth 3:

All special VAT invoices obtained from travel expenses can be deducted

Correct way: No matter whether special VAT invoices are obtained or not, meals in travel expenses can not be deducted from input tax.

Relevant basis: Caishui (2116) No.36 Document: The input tax generated by the purchased passenger transportation service, loan service, catering service, daily service of residents and entertainment service shall not be deducted from the output tax.

Special reminder: Since meals can't be deducted from the input tax, the meals in employee education expenses, conference fees, board membership fees and other related costs, except travel expenses, need to be accounted for separately or listed separately.

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