Input tax account
The input tax account is a financial accounting account on which the deductible input tax is posted for a purchased service. In terms of the matter, input tax represents a claim against the tax authorities for reimbursement of input tax. It is an active inventory account .
accounting
As a rule, several input tax accounts are kept for different tax rates, the account numbers of which vary in financial accounting depending on the chart of accounts used.
Example : An entrepreneur entitled to full input tax deduction purchases goods worth EUR 11,900 on account. The booking rate is as follows:
Wareneinkauf 10.000 EUR (netto) Vorsteuer 19% 1.900 EUR an Lieferantenkonto 11.900 EUR (brutto)
Closing the input tax accounts
At the end of the year , the balances of the input tax and sales tax accounts are transferred to the sales tax payable account. If there is a debit balance after the transfer, there is an input tax surplus, which is reimbursed by the tax authorities. If there is a credit balance after the transfer , it is a sales tax burden that has to be paid to the tax authorities. During the year, no transfer is made to submit the advance VAT return, but the balance is determined statistically via the input tax and VAT accounts.
See also
Individual evidence
- ↑ Bornhofen, Manfred u. a., bookkeeping 1 DATEV accounting framework, chap. 3.9.2.1 and 3.9.3
- ↑ cf. DATEV chart of accounts SKR04 for 2014
