Accounting of enterprise income tax of branches
According to the relevant regulations, resident enterprises without legal person status established in China across regions (referring to provinces, autonomous regions, municipalities directly under the Central Government and cities with separate plans) are cross-regional consolidated taxpayers. Unless otherwise specified, enterprise income tax shall be collected and managed by unified calculation, local prepayment, hierarchical management, merger and liquidation and financial transfer.
At the same time, the regulations also point out that the head office and the secondary branches with main production and operation functions should share and pay enterprise income tax on the spot.
The following five types of secondary branches shall not share and pay enterprise income tax on the spot, including:
1. Collect and remit the after-sales service, internal research and development, warehousing and other secondary branches that do not have the main production and operation functions and do not pay VAT and other taxes locally;
2. Last year, it was a small and meager profit enterprise;
3. Newly established secondary branches in that year;
4. Secondary branches cancelled in the current year;
5. Summarize the second-level branches established by tax paying enterprises overseas without legal person qualification.
"Independent accounting" and "subordinate accounting" of branches
When a unit taxpayer handles tax registration, when filling in the tax registration form, one item is "accounting method". Content * * * has two options, namely "independent accounting" and "subordinate accounting".
"Independent accounting" and "non-independent accounting" here refer to the branches established by enterprises without legal personality.
However, corporate enterprises must conduct independent accounting.
"Independent accounting" refers to the comprehensive and systematic accounting of the process and results of its business activities by branches alone. Set up a separate accounting organization, equipped with accounting personnel and a complete accounting work organization system.
"Non-independent accounting" means that the branch does not have a complete accounting voucher and accounting book system, but only records the accounting of some economic businesses, and the overall accounting task is completed by the head office.
Whether branches adopt "independent accounting" or "non-independent accounting" is not the requirement of tax authorities, but the requirement of internal management of enterprises.
Accounting treatment of paying enterprise income tax after final settlement
1. Accounting entry to confirm tax amount:
Debit: income tax expense (amount of supplementary tax)
Loan: Taxes payable-enterprise income tax payable (tax amount owed)
2, the actual tax accounting entries:
Borrow: taxes payable-enterprise income tax payable (tax amount)
Loan: Bank deposit (tax amount)