New friends pay attention to the “real estate tax service network” to automatically obtain the compilation: 269 tax related issues of equity
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The application of the new income standard in the construction business of construction enterprises, Gansu Guiqin tax agent continues to explain through specific examples
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[use case] a construction enterprise has undertaken the second bid section of national highway reconstruction and upgrading project with a total contract amount of 340 million yuan and a construction period of 2 years
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The commencement date indicated in the commencement permit is July 1, 2020
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The total cost of the project is expected to be 210 million yuan
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After signing the contract, 24000 yuan of travel expenses, 150000 yuan of bidding agency fee and 24 million yuan of contract Commission were incurred
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In June 2020, 40 million yuan of project funds will be collected in advance, 5.65 million yuan of oil will be paid in the same month, and special VAT invoice will be obtained
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In July 2020, the material and labor cost of the project will be 34 million yuan, and the project progress in that month will be 15%
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In August 2020, the progress of the project will be 20%, and the cost of materials and labor will be 9.2 million yuan
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In September 2020, if a production safety accident occurs, RMB 1.8 million will be paid as compensation, RMB 200000 as administrative penalty, 30% of the project progress this month, and RMB 11 million as material and labor cost
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Analysis, the contract is carried out in strict accordance with the construction party’s design, quality, progress and other requirements, that is, the customer can control the construction project
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According to Article 11 of the income standards, “if one of the following conditions is met, the performance obligation shall be performed within a certain period of time; otherwise, the performance obligation shall be performed at a certain point of time: (2) the customer can control the goods under construction in the process of performance”, the performance obligation shall be performed within a certain period of time.
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