The second form is a branch company with independent accounting. If the branch and the head office are not in the same company, China enterprises need to abide by the principle of territoriality when paying local taxes, that is, the company pays local taxes to the local tax authorities. Therefore, if the head office and the branch office are not in the same area, then the branch office needs to declare enterprise income tax independently. In this case, the branch needs to adopt independent accounting financial management. The so-called independent accounting refers to the establishment of a new fiscal and taxation system in the branch. Of course, although the branch has established a new fiscal and taxation system, it does not have the qualification of an independent legal person after all, and needs to be supervised by the head office in the process of tax management and financial management.
When paying income tax, independent accounting branches are generally separated from the corporate income tax paid by the head office. Therefore, branches need to open separate accounts before paying enterprise income tax. When opening a separate tax account, we need to pay attention to some problems: First, we need to know the information needed for tax registration of the branch through various channels, and prepare the information according to the information, which is the basis for the company to successfully pass the tax audit. Second, we should fill in the tax registration form carefully. When filling in the tax registration form, the staff should always maintain a serious work style so that the tax registration form can pass the examination.
Of course, for branch companies, when paying enterprise income tax, they can also make their own tax planning. Through tax planning, the amount of enterprise income tax can be reduced, which is of great help to the capital accumulation of branches. If a branch wants to improve its own tax planning quality, it must first understand the basic knowledge of tax planning. Because enterprises can achieve the goal of high-quality tax planning only by understanding the basic knowledge of tax planning, it is very necessary for branch financial managers to strengthen their understanding of tax planning expertise.
Legal basis: Branch companies can be established in Article 14 of People's Republic of China (PRC) Company Law. The establishment of a branch company shall apply to the company registration authority for registration and obtain a business license. A branch company does not have legal person status, and its civil liability shall be borne by the company. A company may set up subsidiaries, which have legal personality and independently bear civil liabilities according to law.