Study On The Tax Treatment Of Assets And Accounting Differences And Coordination

In 2006, a paper by the basic norms of 38 specific criteria and an application guide and other three parts of our new business system and accounting standards adopted in 2007 the "PRC Enterprise Income Tax Law" and "People's Republic of China Corporate Income Tax Law Ordinance, "have been implemented in the background. In the tax treatment of foreign and on the issue of differences in accounting treatment and tax and accounting separation of the development process and review and sum up the research results, based on the combination of accounting theory and tax theory from the target, the basic premise, the quality of legislative principles and accounting information requirements briefly described several aspects of the "Enterprise Income Tax Law" and the differences between accounting standards system, and inventory, fixed assets, intangible assets, long-term equity investment project in its initial measurement of assets, subsequent disposal of part of the measurement and tax treatment compared with the accounting treatment where specific differences obtained. At the same time, sum up the experience of difference and the lack of coordination, proposed differences in the coordination of proposed tax would be followed unity, independence and operational principles, and on this basis, made from the microscopic properties of asset measurement, various types of impairment of fixed assets and non-business specific recommendations. At the same time strengthening the macro level, the enterprise agency guidance, supervision and inspection, strengthening of tax-related information disclosure and improve the quality of employees, and strengthen internal control and other three recommendations.