Difference between enterprise income tax and standard accounting:
1. Difference in the field: Enterprise income tax belongs to the tax field, which is a tax category. Standard accounting usually refers to China's traditional accounting, which belongs to the accounting field.
2. Nature difference: Enterprise income tax is a tax levied on the production and operation income and other income of enterprises and other income earning organizations in China. Standard accounting refers to a work that belongs to financial accounting and is used to calculate the daily production and operation activities of enterprises.
As corporate income tax is one of the common taxes in the daily production and operation of enterprises, corresponding accounting treatment will also be implemented for the generation and payment of corporate income tax in the accounting work of standard accounting.
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Who can tell me the difference between the income tax in accounting and the enterprise income tax in tax law in detail? thank you
The accounting income tax is the income tax expense. The income tax payable by the enterprise is calculated according to the accounting profit of the enterprise and the tax rate of 25%. The enterprise income tax in the tax law is the enterprise income tax payable calculated according to the enterprise income tax law and its implementation regulations after adjustment and the tax rate of 25%, The income tax in accounting is generally quarterly declaration and prepayment, while the enterprise income tax in tax law is final settlement of enterprise income tax at the end of the year.
What is the difference between the accounting income tax standard and the income tax law?
The differences between the accounting income tax standards and the income tax law are as follows: (1) Different legislative principles The Enterprise Income Tax System is formulated in accordance with the Income Tax Law and other relevant national laws and regulations in order to standardize the accounting of enterprises and provide true and complete accounting information. The Enterprise Income Tax Standards are formulated in accordance with the Income Tax Law and other relevant laws and administrative regulations in order to regulate the accounting recognition, measurement and reporting of enterprises and ensure the quality of accounting information. The Income Tax Law, in accordance with the requirements of "simplifying the tax system, broadening the tax base, low tax rates, and strict collection and management", is more scientific, standardized, and conducive to the design of basic elements of the tax system, the arrangement of preferential policies, and the formulation of collection and management measures in order to implement the scientific outlook on development, fair tax burden, play a regulatory role, refer to international practices, rationalize the distribution relationship, and the legislative principles conducive to collection and management Reasonable. For example, the low tax rate provisions for high-tech enterprises, the tax reduction or exemption provisions for national autonomous areas, the additional deduction of the wages of disabled persons, and the tax credits for environmental protection, energy conservation, water conservation, and safe production should all comply with the legislative principles of the Scientific Outlook on Development. （2） The different "Enterprise Income Tax System" and "Enterprise Income Tax Standards" formulated by different organs are issued by the Ministry of Finance, which belong to the third level regulations, and play a guiding and normative role in enterprise accounting. The Enterprise Income Tax Law, promulgated by the National People's Congress, is a first level law. Even the Income Tax Implementation Regulations belong to the second level of administrative regulations, which is far higher than the level of other tax laws. Even the provisions of VAT, another main body of tax like enterprise income tax, are only the third level of regulations. （3） The Enterprise Income Tax System is formulated for the purpose of standardizing the accounting of enterprises and providing true and complete accounting information. The Enterprise Income Tax Standard is to standardize the accounting recognition, measurement and reporting behavior of enterprises, ensure the quality of accounting information, reflect the performance of entrusted responsibilities of enterprise management through accounting information related to the financial situation, operating results and cash flows of enterprises, and help users of financial accounting reports to make economic decisions. The purpose of accounting policies is to standardize the accounting of enterprises, provide true and complete accounting information, and meet the needs of all parties concerned to understand the financial situation and operating results of enterprises. The Enterprise Income Tax Law was formulated in the context of the development of the world economy towards integration and the convergence of tax system reforms in various countries. It conforms to the development trend of the tax system reform of "low tax rate, wide tax base, less preferential treatment and strict management", so as to enhance the unity and foresight of China's income tax law. Through the calculation and payment of taxable income and tax payable of enterprises, enterprises can fulfill their tax obligations, ensure the realization of national financial revenue, and maintain the normal operation of society. At the same time, it reflects the national industrial policy, realizes the macro-control of the economy, and ultimately achieves social fairness and efficiency. Therefore, the Enterprise Income Tax Law defines the "four unifications": domestic and foreign-funded enterprises apply the unified enterprise income tax law; Unify and appropriately reduce the corporate income tax rate; Unify and standardize the pre tax deduction methods and standards; Unify preferential tax policies, and implement a new preferential tax system of "giving priority to industrial preferences, supplemented by regional preferences". （4） The background of "internationalization" is different. Due to the rapid development of the capital market, the internationalization of China's accounting standards should not only be based on the national conditions and international standards, but also be conducive to the development of China's enterprises. Therefore, the construction of China's accounting system and accounting standards has accelerated the convergence with international accounting standards, with an "international" background. The Enterprise Income Tax Standards - Basic Standards issued in 1992 realized the transformation of China's accounting model from the planned economy to the market economy. The introduction of the Enterprise Income Tax System in 2000 and the old 16 Enterprise Income Tax Standards shows the "coordination" with international income tax standards. Under the system, enterprises that adopt Chinese accounting standards to prepare financial reports, and issue B shares in China and H shares in Hong Kong, need less adjustment according to international accounting standards. The revision of one basic standard, 16 specific standards and the promulgation and implementation of 22 new standards in 2006 show that they are "convergent" with international accounting standards. Under the standards, most of China's accounting policies and methods are consistent with the requirements of international accounting standards, and generally maintain a high degree of convergence between the two. At the same time, due consideration has been given to China's actual situation, and some differences between China and international standards have been retained, such as the adoption of fair value, accounting treatment of business combination, accounting treatment of asset impairment, and disclosure of related party relationships and transactions. The Enterprise Income Tax Law and its implementation regulations, referring to international practices, the need to safeguard China's tax rights and interests, drawing on international anti tax avoidance legislative experience, and combining China's tax collection and management practices, have made specific provisions on special tax adjustment clauses, and established China's anti tax avoidance system for enterprise income tax, which is the first comprehensive anti tax avoidance legislation in China.
