Disapproved. According to a query on the Jiangsu Accounting Information Network, taxation does not recognize future applicable laws, and tax affairs work is implemented and executed based on the country’s existing tax guidelines and policies. The prospective application method refers to the method of applying the changed accounting policy to transactions or events that occur on or after the change date, or the method of recognizing the impact of changes in accounting estimates in the current period of the change in accounting estimates and future periods. Future applicable laws are full of variables, and taxation focuses on the present, so it does not recognize them.