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1、Chinas accounting system and tax differences and co-ordination Abstract: Over the past two years, Chinas accounting system and a larger tax changes, which makes the accounting system and tax the difference between becoming increasingly apparent. The existence of such differences is an inevitable phe
2、nomenon of economic development, however, this situation will also exist in the enterprises financial accounting and tax departments to bring the cost of the increase in tax collection and other negative effects. Key words: accounting system; tax law; differences and co-ordination First, an overview
3、 of Along with the deepening reform of Chinas market economy development and deepening of fiscal reform, Chinas accounting system and tax laws become increasingly apparent difference in performance. The existence of such differences in different periods of Chinas economic system changes have a large
4、r connection. We know that the accounting system is to be followed accounting rules and procedures of the general term, while the tax laws is the relationship between national laws to adjust the tax laws and regulations, and thus the two work in the accounting practice there must be some differences
5、. In particular, the new income tax since its inception, this difference is even more obvious, according to incomplete statistics, the new income tax law and accounting system, the difference has increased by 20 compared to many. For the existence of such differences should be an objective analysis
6、and coordination, the following will be a detailed analysis of the differences between these two manifestations, causes, and the coordination of specific measures. Second, Chinas accounting system and the performance of different forms of tax law (A) the accounting system and tax provisions of the d
7、ifferences in principle The basic guidelines provide, the Chinas Enterprise Accounting Standards, provides that the corporate accounting to accrual accounting should be based on the current period has been achieved by companies that have taken place in the income and expenses, regardless of whether
8、the money collection and payment, should be as current income and expense processing. However, the provisions of tax law is not fully recognized the applicability of accrual, and its corporate revenue recognition on an accrual inclined, and in recognition of the cost was more inclined to use the cas
9、h basis of accounting. For example, in the enterprise value-added tax accounts processing, business subjects in the details still must be set to value-added tax payable - the amount of input tax, value-added tax due - has to pay tax money, due VAT - input tax turns out and other sub-projects, we can
10、 see that their accounting treatment is not entirely confirmed in accordance with accrual accounting is based on the cash basis of accounting principles. This is the accounting system and tax provisions, in principle, reflect the differences. (B) the accounting system and the new tax has been elimin
11、ated the difference The implementation of the new tax law, combined with the new accounting standards implemented within the next year, the larger, both of which will inevitably be accompanied by increased corporate accounting and tax treatment more difficult. Therefore, it is necessary to understan
12、d the new tax law and accounting system has been implemented before and after the elimination of the differences, which will help enterprises to be more clearly existed in the past differences between the tax and accounting impact. The new tax laws and the implementation of new accounting standards
13、to eliminate the original difference between the 20 items, more typical are: paid to employees of these enterprises the enterprise products, non-monetary exchange out of stock, repayment of debt restructuring, inventory and so on, the original corporate income tax France regarded as sales, the forme
14、r accounting standards system is not regarded as sales, but under the new guidelines should be regarded as sales, so that differences in tax and accounting be eliminated. (C) the new tax law and tax law after the implementation of the new accounting system differences and elements of its assets, and
15、 other projects dealing with the differences The new tax law comes into force, the enterprise income tax accounting issue, he also created new differences, such as new business accounting standards require enterprises to the end of the fair value of assets of measurement should be applied the way ac
16、counting measurement, and the fair value and book value of related assets among the differences included in current profit and loss account or the owners equity, but in the new tax law which does not make provisions in this regard, it is this accounting method has not yet been recognized in the tax law. In addition, the ele
