| New Accounting Standards was issued in February 2006,which pioneered in public company and totally executed in central large enterprises from year 2008. In March,2007, the Income Tax Law of People's Republic of China was approved on the Fifth Session of the Tenth National People's Congress and the State Council release income tax enforcement regulation in December 2007 and was put into effect from January First,2008. Accounting Standards is to standardized enterprise accounting confirmation, computation and report, and enterprise income tax is to specify the levy of the enterprise income tax, the two are different in many points as object, applicable scope, the basic assumption, and Accounting Standards and computation attribute, tax legislation and accounting information requirement, which resulted in great puzzle for enterprises to tell from and coordinate the accounting and tax nonconformity. This article select electric power construction enterprise as object of study, analyze their current income tax accounting state in details and point out the solution, that is, tie with Accounting Standards NO.18 ----income tax; choose the great deviation items( financial assets, inventory, long-term equity investments, fixed assets, investment real estate, development expense, Long-term deferred expenses, Advances to suppliers,accrued payroll, estimated liabilities,etc ) according to liability law of balance sheet; and then compare these items on deviation of book value and income tax base for the reason of difference of accounting principal and income tax law, finally put out the measures. Also for those items which are not listed in balance sheet but have deferred income tax assts or liabilities resulted from the inherent discrepancy of accounting principal and income tax law are explained and concluded in this article. This article select one representative thermal power construction company as a case analysis, and details the dealing method of its income tax accounting. |
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