Consult tax experts: on the changes in fair value in the new standards and the gains and losses in the new tax law
The newly revised Basic Accounting Standards for Business Enterprises has added the subject of "Gains and Losses from Changes in Fair Value", which is a subject for accounting the gains or losses caused by changes in fair value of trading financial assets, trading financial liabilities and investment real estate measured by the fair value model and should be included in the current profits and losses. The economic business accounted for in this account involves the provisional regulations on value-added tax, the laws and regulations on additional tax levied with it, and the items that are allowed to be deducted when calculating the payable income tax as stipulated in Article 8 of the Enterprise Income Tax Law.