How to deal with the tax of selling virtual currency
according to the relevant sources of Beijing Local Taxation Bureau, the tax rate of indivial income tax calculated according to the "income from property transfer" project is fixed at 20%, and Beijing Local Taxation Bureau will also introce relevant measures to verify the original value of virtual currency property sold by indivials
about virtual currency:
virtual currency refers to the substitute currency circulating in the network virtual world. In addition to the virtual currencies issued by major online game companies with various names, Tencent Q currency is also widely used
at present, the online transaction in the virtual world has greatly exceeded people's imagination, and has formed a huge online transaction market of proction, supply and marketing. Moreover, a group of professional workers specialized in "coin printing" came into being; There are also special exchange shops for various game currencies.
in response to the Beijing Local Taxation Bureau's request for instructions on the issue of indivial income tax on the income derived from the sale of virtual currency through the Internet, the State Administration of Taxation has made the above reply, clearly stipulating that the income derived from the purchase of virtual currency through the Internet and the sale to others after the price increase belongs to the taxable income of indivial income tax, The indivial income tax shall be calculated and paid according to the item of "income from property transfer"
at the same time, the State Administration of Taxation emphasizes that the original value of the property of an indivial selling virtual currency is the price and related taxes paid for his purchase of network virtual currency. If an indivial is unable to provide evidence of the original value of his property, the original value of his property shall be verified by the competent tax authorities
according to the relevant sources of Beijing Local Taxation Bureau, the tax rate of indivial income tax calculated according to the project of "income from property transfer" is fixed at 20%. Beijing Local Taxation Bureau will also introce relevant measures to verify the original value of virtual currency property sold by indivials, but there is no timetable for the implementation of the policy at present.
then, when bookkeeping, adjust the local currency to the current common currency, and select the corresponding account when recording revenue and expenditure. You can query details and reports by selecting currency conditions
the specific rich owners can go to the dig money forum to have a look at the dig money section. The rich owners of dig money all communicate with each other on how to use dig money to keep accounts
we have received your request for instructions on the issue of personal income tax collection for indivials who obtain income from online sales of virtual currency (jdsge [2008] No. 114). The reply is as follows:
1. The income obtained by an indivial from purchasing a player's virtual currency through the Internet and selling it to others after a price increase belongs to the taxable income of personal income tax, which should be calculated according to & quot; Income from property transfer; Indivial income tax is calculated and paid
2. The original value of an indivial's property selling virtual currency is the price and relevant taxes paid for his purchase of network virtual currency< 3. If an indivial is unable to provide the original value certificate of the property, the original value of the property shall be verified by the competent tax authority<
State Administration of Taxation
September 28, 2008
Pay sales rebate Party:
if the sales rebate is in the form of Monetary Fund, pay the sales rebate party and treat it as expenses according to the "purchase withdrawal or claim discount certificate"
But in practice, there are different accounting treatment methods for this kind of rebate, some accountants do the following treatment:debit: main business income
Credit: bank deposit
because the cash rebate occurs after the purchase date, it cannot be indicated on the same VAT invoice. Therefore, rebate can't offset VAT, it can only offset main business income
party receiving sales rebate:
party receiving sales rebate shall offset the sales cost. If the other party issues a red ink invoice, the input tax shall be transferred out
debit: bank deposit
Credit: main business cost
tax payable value added tax (input tax transferred out)
extended data:
there are two standards to distinguish according to the rebate form, one is based on money finance, the other is based on time, It can be divided into two types according to money finance:
1, cash
can be cashed in the form of cash, check or offset payment according to the requirements of dealers. If the amount of cash is relatively large, the enterprise can ask to cash it in the form of check. Before cash rebate is cashed, the enterprise may dect the corresponding tax according to the prior agreement
2. Goods
the so-called goods rebate is that enterprises use the same procts sold by dealers or other best-selling procts suitable for dealers as rebate. It should be noted that the procts must sell well, otherwise the rebate will be difficult to play its role
According to the time limit, there are three types of rebate:
1, current rebate
rebate suitable for special procts or special stages, which can exist alone or coexist with accumulated sales or sales rebate
2. Quarterly return is suitable for construction machinery procts with large sales volume, which can increase the working capital of dealers and enhance their trust in the enterprise, but it is not a small test for the enterprise's cash ability and financial settlement ability
3, annual return
the most common rebate period. It can effectively relieve the pressure caused by the popular installment payment and mortgage loan in the construction machinery instry to the enterprise settlement, and is concive to the enterprise capital turnover. However, for dealers, more patience is needed