Debit: income tax

Loan: tax payable-enterprise income tax payable

2. When paying quarterly income tax:

Borrow: tax payable-enterprise income tax payable

Loan: bank deposit

3. The annual income tax payable shall be deducted from the prepaid tax, and the positive number shall be the supplementary tax.

Debit: adjustment of profit and loss in previous years

Loan: tax payable-income payable to enterprises

4. Pay the annual final tax payable:

Borrow: tax payable-enterprise income tax payable

Loan: bank deposit

5. Redistribution of profits

Debit: profit distribution-undistributed profit

Credit: adjustment of profit and loss in previous years

6, the annual settlement, if the annual income tax payable is less than the prepaid tax:

Debit: tax payable-enterprise income tax payable (other receivables-overpaid income tax receivable)

Credit: adjustment of profit and loss in previous years

7. Redistribution of profits

Debit: adjustment of profit and loss in previous years

Credit: profit distribution-undistributed profit

8. Refund of overpaid taxes upon examination and approval by the tax authorities:

Debit: bank deposit

Loan: tax payable-enterprise income tax payable (other receivables-overpaid income tax receivable)

9. No tax refund will be applied for the overpaid income tax to offset the income tax paid in advance in the next year:

Debit: income tax

Loan: tax payable-enterprise income tax payable (other receivables-overpaid income tax receivable)

10, tax-exempt enterprises should also make entries:

Debit: income tax

Loan: tax payable-income tax payable

Borrow: tax payable-income tax payable

Loan: capital reserve

Debit: profit this year

Credit: income tax