In terms of value-added tax, foreign investment with non-monetary assets (for example, an enterprise is a manufacturer of certain machinery and equipment, and its own equipment is invested with another enterprise in exchange for equity) should be regarded as sales, and the output tax or value-added tax should be confirmed. At the same time, special VAT invoices can be issued to the investee. If the investee is a general taxpayer, the VAT can be deducted by obtaining a special ticket.
In terms of corporate income tax, the ownership of non-monetary assets has been transferred, and it is necessary to pay corporate income tax as the proceeds of sales confirmation transfer.
In terms of enterprise income tax, the income from the transfer of non-monetary assets that residents are allowed to invest in foreign countries with non-monetary assets is included in the taxable income of the corresponding year on average within a period of no more than five years (consecutive years), that is, they can enjoy deferred tax benefits. Because non-monetary assets invest in stocks, they actually do not get cash inflows, but get equity on the books. For non-monetary assets with relatively high transfer income, if it is difficult to pay all the enterprise income tax at one time, it is allowed to pay by installments.
For example:
Company A (resident enterprise) is an excavator manufacturer. First, invest 10 excavators in Company A, and acquire 40% shares of Company A (a resident enterprise). The external price of an excavator is 654.38+00,000 (excluding tax), and the production cost of an excavator is 800,000. Company A chooses to postpone tax payment in five installments.
Accounting treatment:
Borrow: long-term equity investment 1 130
Loan: main business income 1000.
Taxes payable-VAT payable (output tax) 130
Borrow: the main business cost is 800.
Credit: 800 goods in stock
The transfer profit confirmed by accounting is 65,438+0,000-8,000 = 2,000,000, and the enterprise income tax should be regarded as sales, which is consistent with the accounting treatment. Company A chooses to postpone tax payment in five phases, and the amount included in taxable income each year is 200,000 = 400,000. When calculating taxable income in the first year, it is necessary to reduce the accounting profit by 65,438+0,600.
The rights and interests gained by investment in non-monetary assets are adjusted year by year in tax basis, and the original tax basis of non-monetary assets plus the income from the transfer of non-monetary assets confirmed every year, that is, according to the matching principle, the tax law on transfer income is confirmed in years, and the rights and interests in tax basis are also adjusted year by year.
In this case, the transfer income of 400,000 yuan is confirmed in the tax law of the first year, the tax basis of long-term equity investment is 800+40+130 = 9.7 million yuan, the accounting book value is 1 130 yuan, and the book value of assets is greater than that of tax basis, resulting in taxable temporary differences, so it needs to be 20 10.
Debit: income tax expense 40
Credit: deferred income tax liabilities 40
If an enterprise transfers its equity to the outside world while holding the equity, it should stop the deferred tax policy, and the income from the transfer of non-monetary assets that has not been confirmed during the deferred period will be calculated and paid in one lump sum at the annual settlement of the enterprise income tax in the year of equity transfer; When calculating the income from equity transfer, the equity tax basis is also adjusted at one time.
For example, in the third year, Company A will transfer all its shares in Company A, and the tax law has confirmed that the transfer income in two years is 800,000 yuan, and the remaining 1.2 million yuan, and the transfer income will be taxed and increased. At the same time, when calculating the transfer income, the long-term equity investment tax basis will be adjusted to RMB 654.38+065.438+03 million at one time.