Fiscal And Tax Practice Of Cross Year Invoices

The so-called cross year invoices usually refer to invoices in the following two situations:

The first is: the invoice time is the previous year, but for various reasons, it failed to make reimbursement (payment) in the previous year, but the reimbursement (payment) and the account making time were in the following year.

For example, the travel expenses of travel agents in January were reimbursed in December of the previous year.

The second one: economic business took place in the previous year, and the payment was also made in the previous year, but it did not receive the invoice in the previous year.

For example, advertising at the cattle fork TV station needs to be paid first. In December, advertising money was also advertised. It could be that the advertisement fee receipts had not yet been received before December 31st, but before the new year's day, the invoice was received.

By the end of the year, many financial staff are worried about the invoice over the years, and fear that the invoice will cause trouble in the year.

Because accountants say "accrual basis" and "substance is more important than form", they fear that the tax official says, "invoice is the legitimate evidence for pre tax deduction"; conversely, if an accountant says, "invoice is the legitimate evidence for pre tax deduction", it also fears that the tax officer stresses "accrual basis" and "substance is more important than form".

Therefore, many accountants will be in a dilemma.

It is fear and fear that brings trouble to enterprises and themselves.

First, the invoice which belongs to the advance payment nature -- how does it cross the year?

According to the invoice rules, the invoice issued by the seller or the service provider in advance is lawful.

Therefore, we first need to distinguish clearly the economic matters corresponding to the invoice and see whether it is the nature of prepayment.

If it belongs to the prepaid nature invoice, even if it is over the years, it is also acceptable.

For example, enterprises and television stations signed the first quarter advertising contracts in 2017. The contract agreed that television stations began to broadcast corporate advertisements from January 1st 2017.

If the enterprise paid the advertising fee before the end of December 2016, the television station also issued the invoice in December 31, 2016.

If the financial personnel receive the invoice only after January 15, 2017, they can make the invoice in the accounts for January 2017, and then deduct the tax in 2017, which should be deducted before 2017, even in 2016.

Two. Invoices belonging to inventory purchases - normal across the year

For inventories, even receipt of invoices does not mean that they can be deducted immediately before tax, because inventory must be deducted before tax deduction through warehousing, requisitions, production and sales.

If the invoice is last year's, but the inventory will be completed in the next year, and so on, of course, the invoice of last year can also be done in the next year.

For example, an enterprise received a shipment in December 31, 2016, and the invoice arrived with goods. The goods were put into storage after acceptance in January 3, 2017.

Here, the invoice is in 2016, but it can be done normally in 2017, and there is no tax adjustment.

In the same way, if the fixed assets purchased by enterprises are over the years due to the acceptance and installation of invoices, it will be possible.

When we see this problem, many people will think of it immediately.

The Circular of the State Administration of Taxation on the tax treatment of the taxable income of enterprise income (the fifteenth announcement of the State Administration of Taxation No. 2012) provides that, in accordance with the relevant provisions of the law of the People's Republic of China on tax collection and administration, the enterprises shall find that the expenses incurred before the enterprise in the past year actually should be deducted from the enterprise income tax and are not deducted or deducted in accordance with the provisions of the tax law. After making special declarations and explanations, the enterprises are allowed to make a supplement to the annual calculation deduction, but the confirmation period of the supplementary compensation shall not exceed 5 years.

This is too much trouble, at least I think so.

So we can look at another rule:

The notice of the State Administration of Taxation on certain issues concerning enterprise income tax (the 34 announcement of the State Administration of Taxation No. 2011) stipulates that the relevant costs and expenses actually incurred in the year of the enterprise are not valid for obtaining the valid certificate of cost and cost in a timely manner because of various reasons. If the enterprise pays quarterly income tax in advance, it can temporarily calculate the amount of the book amount. However, when the settlement is paid, the effective certificate of the cost and cost should be supplemented by the enterprise. "Sixth"

With the Announcement No. 34, it is true that the cost or expense is indeed the same year, but the invoice received is the next year.

(1) of the current cost.

If a contract is signed and the relevant payment is paid, it is estimated that the invoice can not be collected before the end of the year when payment is made.

If the invoice is received before May 31st next year, even if the invoicing time is the next year, it can still be deducted according to Announcement No. 34 when the enterprise income tax is settled in the next year.

Of course, if we do not receive the invoice by May 31st of next year, we will proceed with the tax adjustment. Then, when will we receive it and then slowly make up for it.

(two) belonging to those used for consumption and sale.

For the purchased inventory, whether the invoice is received or not, according to the normal procedures, the procedures for checking and entering the warehouses are processed, and then the leading and outgoing stores are sold, the sale of the sales outlets is carried out, and the cost of the normal handling of stock at the end of the month is carried forward.

At the end of the month or at the end of the year, the invoices have not been received, and in accordance with the temporary assessment of warehousing, the loan will be credited to the "accounts payable".

In the same way, the invoice can be deducted before the next year before May 31st, and if tax has not yet been received, tax adjustment will be made.

(three) belonging to those purchased in the year.

The national tax letter (2010) 79 stipulates that after the enterprise's fixed assets are put into use, due to the fact that the amount of the project has not yet been cleared and the total invoice has not been obtained, it can be calculated on the basis of the amount stipulated in the contract for depreciation on the basis of the fixed assets tax basis, and be adjusted after the invoice has been obtained.

However, the adjustment should be carried out within 12 months after the use of fixed assets.

Therefore, whether or not there is an invoice, the enterprise will deal with it in accordance with the accounting standards, and then depreciate the fixed assets after a provisional estimate, and then deduct the tax according to the national tax letter (2010) 79.

The national tax letter (2010) 79 is longer than the 34 announcement, but it is possible that the end of 12 months should be noted before the settlement is made.

Four, if it is 2016 fees, the opening time is also 2016, but the reimbursement time and payment time is 2017.

How should we deal with it? Can we only make up for it?

This situation often exists, for example, sales personnel travel on business in December, knowing that after new year's day, they only come to reimburse their travel expenses.

In view of this situation, enterprise accountants need to do two things, inform departments to reimburse as much as possible before the end of the year, if the account can not be reimbursed for various reasons, the Department of finance should provide the expected date of invoice in the account of 2016.

On the one hand, the finance department will confirm the relevant expenses according to the estimated amount, and on the other hand, confirm the related liabilities.

In 2017, the relevant personnel will then reduce the related liabilities and adjust the related expenses.

This is also to meet the requirements of Announcement No. 34.

Therefore, the cross year invoice is not so terrible!

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