How to calculate business taxes and surcharges in the tourism industry

Those engaged in the tourism business shall deduct the accommodation fees, meals, transportation fees, tickets to tourist attractions paid to other units or individuals on behalf of tourists and the fees paid to other recipients from the entire price and extra-price expenses. The balance after the travel fees of a group tourism enterprise is the turnover; the turnover of the tourism industry is calculated based on the balance, that is, the amount after all the income obtained - tickets - food and accommodation is the turnover, and the tax rate is 5%

Business tax = Turnover*5%

Urban construction tax = Business tax*7% (7% in urban areas, 5% in counties, and 1% in towns and villages)

Education fee surcharge = Business tax*3%< /p>

Local education surcharge = business tax * 2%

Debit: business tax and surcharge

Credit: tax payable - business tax, etc.