Tax Treatment Of Inventory Loss

In dealing with the loss of inventory, the accounting system stipulates that, as foresee the possible loss of the stock market or the market price, for the sake of "caution" in accounting, enterprises should make allowance for the "depreciation of stock" at the end of the term, but the tax law does not recognize them. For normal inventory losses, the calculation will be equivalent to the tax law and be deducted directly in this year's profit. For the abnormal loss of inventory, accounting is divided into two cases, which are directly deducted from the profit this year, that is, the loss of natural disasters, which is recorded in the "extra expenses" after deducting the compensation of insurance companies, etc., and the loss of goods due to mismanagement causes the goods to be stolen, moldy and deteriorated.

According to the regulations of the State Administration of Taxation, No. thirteenth of 2005, hereinafter referred to as "thirteenth orders", the property loss shall be divided into two types, namely, self declaration, deduction and examination and approval deduction according to the procedure of declaration and deduction. The normal loss of inventory in the case of sale, sale and normal loss will no longer be required for examination and approval. The actual loss of the property actually occurs in the current period, and the abnormal inventory loss deducted before the enterprise income tax, which is subject to examination and approval by the tax authorities, refers only to the loss of stock caused by force majeure, such as natural disasters, war and other political incidents.

According to the tenth provision of the Provisional Regulations of the People's Republic of China on value added tax and the twenty-second rules for the implementation of the Provisional Regulations on value added tax in People's Republic of China, the input tax shall not be deducted from the sales tax according to the provisions of the detailed rules for the implementation of the Provisional Regulations on value added tax.

If the enterprise actually deducted the value added tax input tax of the purchased goods before the abnormal loss occurred, the input tax of the goods should be pferred out in the current period of abnormal loss of the goods.

所得税方面，对于因“管理不善”记入“管理费用”和因“自然灾害”记入“营业外支出”的存货非正常损失，如果具备第13号令中规定认定的证据，经税务机关审查批准后，准予在当期税前扣除，具体说明如下： 对盘亏的存货，扣除责任人赔偿后的余额部分，依据下列证据认定损失：存货盘点表，中介机构的经济鉴证证明，存货保管人对于盘亏的情况说明，盘亏存货的价值确定依据（包括相关入库手续、相同相近存货采购发票价格或其他确定依据），企业内部有关责任认定、责任人赔偿说明和内部核批文件； 对报废、毁损的存货，其账面价值扣除残值及保险赔偿或责任赔偿后的余额部分，依据下列证据认定损失：单项或批量金额较小的存货由企业内部有关技术部门出具技术鉴定证明，单项或批量金额较大的存货，应取得国家有关技术部门或具有

The certificate of technical appraisement issued by the intermediary organization of the technical qualification authentication shall include the statement of the claim of the insurance company, the description and examination and approval document of the insurance company's claim for loss and damage, the statement of the residual value, the description of the internal liability of the enterprise, the description of the liability compensation and the internal nuclear approval document; and the loss of the book value of the stolen stock, the balance of the liability after compensation, and the identification of the loss according to the following evidence: the record of the record to the public security organ, the proof of the public security organ's filing, case detection and case closure, and the description of the liability of the responsible person and the statement of compensation.

Next, I give an example to illustrate the tax treatment of inventory loss.

A domestic taxpayer is a general taxpayer. In 2006, the accounting profit of 2 million yuan was not included in the following economic activities. The value added tax should be paid in full. The other accounting information is as follows: 150 thousand yuan has been set aside for the sale of inventory, and the warehouse keeper has relaxed the sense of responsibility, causing the warehouse material to be stolen. After checking, the book value of the material is 50000 yuan (including the freight cost of 4650 yuan). The accidental fire causes all the inventory products to burn down, and the abnormal loss of the finished product is 400 thousand yuan.

It is known that the total consumption of inventories in the whole year is 5 million yuan, and the annual production cost is 8 million yuan. In December, a group of materials purchased in August were deducted from the amount of 90 thousand yuan, and the natural loss was accounted for in the quota. The input tax rate of the above materials was 17%, without considering other taxes and tax adjustments.

根据上述材料，该企业应进行如下账务处理： 1. 存货跌价准备只影响计税所得额，即调赠应纳税所得额15万元，并不影响会计利润额，故不必作调账分录； 2. 被盗材料进项税额转出＝（50000－4650）×17%＋4650÷（1－7%）×7%＝8059.50元， 借：待处理财产损溢 58059.50 贷：原材料50000 应交税金———应交增值税（进项税额转出）8059.50 2006年12月20日经董事会批准，由王某赔偿2万元，并报经税务机关审批同意后， 借：管理费用 38059.50 其他应收款———王某 20000 贷：待处理财产损溢 58059.50 3. 被毁产成品的进项税转出额＝（产成品的损失金额×全年耗用存货金额÷全年生

The tax payable should be paid on the 20 day of December 425002006, approved by the board of directors and approved by the tax authorities for examination and approval. After the examination and approval of the tax authorities, the loan shall be paid out: the loss of assets to be processed by the 442500, when the account is to be damaged, the loan is to be processed: the property shall be damaged by the 105300 loan: the raw material 90000 shall be paid tax, and the value added tax shall be paid (the pferred tax amount is pferred out) 15300, according to the thirteenth order, the reasonable loss in the quota is a normal loss, and it is not required to be examined and approved by the tax authorities, and is deducted directly before the current income tax. Production cost amount) * applicable tax rate = (40 * 500 * 800) x 17% = 42 thousand and 500 yuan, 442500: loan to be processed: 400000 loan.

Business, the enterprise should pay VAT = 80, 50, 9, 50 + 4, 25 billion + 15 300 yuan = 65859.50 yuan, taxable income = 200 000 + + 15 000 - 3 80, 50, 50 - 4, 4, 25, 100 - 500 300 = 1564140.50 yuan, payable income tax = 1564140.50 * 33% = 516166.37 yuan.

It should be noted that if the above abnormal losses were not approved by the tax authorities in the year, they were not allowed to be deducted in the year and subsequent years. For normal consumption, although the procedure was less approved, it should be deducted only after the evidence was conclusive.