The asset losses that are allowed to be deducted before enterprise income tax refer to the reasonable losses (i.e. actual asset losses) that occur during the actual disposal or transfer of assets by the enterprise, and the legal asset losses that are calculated and confirmed according to the prescribed conditions although the enterprise has not actually disposed of or transferred assets.
Second, how to declare the loss of assets?
When an enterprise declares the annual final settlement of enterprise income tax, it may submit the asset loss declaration materials to the tax authorities as the schedule and annex of the annual enterprise income tax return.
According to the different contents and requirements of declaration, enterprise asset losses can be divided into two forms: list declaration and special declaration. Among them, the loss of assets declared in the list can be summarized by accounting classification, and the schedule of tax return can be filled in, and relevant accounting data and tax information can be kept for future reference; For the loss of assets that belongs to special declaration, the enterprise shall submit the application report item by item (or individually), fill in the schedule of tax return, and attach accounting information and other relevant tax information.
3. What asset losses should be declared in the list?
The following asset losses shall be declared and deducted to the tax authorities by way of list declaration:
(1) Losses from selling, transferring or selling off non-monetary assets at fair prices in the normal operation and management activities of the enterprise;
(two) the normal loss of enterprise inventory;
(three) the loss of fixed assets that the enterprise has reached or exceeded its service life and is normally scrapped and cleaned up;
(four) the loss of assets caused by normal death when the productive biological assets of the enterprise reach or exceed the service life;
(5) Losses incurred by enterprises in buying and selling bonds, stocks, futures, funds and financial derivatives through various trading places and markets in accordance with the principle of fair market transactions.
Loss of assets other than the above shall be declared and deducted to the tax authorities in the form of special declaration. If an enterprise cannot accurately determine whether it belongs to the asset loss declared and deducted by the list, it can declare and deduct it by means of special declaration.
4. What materials should be submitted for special declaration?
For the loss of assets that belongs to special declaration, the enterprise shall submit the application report item by item (or individually), fill in the schedule of tax return, and attach accounting information and other relevant tax information. Special application materials for enterprises include external evidence with legal effect and internal evidence of specific matters.
External evidence with legal effect refers to legally binding written documents issued by judicial organs, administrative organs and professional technical appraisal departments. , are related to the loss of assets of enterprises, mainly including:
(a) the judgment or ruling of the judicial organ;
(two) the closing certificate and reply of the public security organ;
(3) the cancellation, revocation and closure certificate issued by the industrial and commercial department;
(4) Announcement or liquidation documents of enterprise bankruptcy liquidation;
(5) Official documents of administrative organs;
(six) the appraisal report of the professional and technical departments;
(seven) the economic evaluation certificate of the intermediary institution with legal qualifications;
(eight) the arbitration documents of the arbitration institution;
(9) Insurance certificates such as accident investigation sheet and claim calculation sheet issued by the insurance company for the insured assets;
(ten) other evidence in accordance with the law.
Internal evidence of specific matters refers to the statement that an enterprise with a sound accounting system and internal control system has internally proved or assumed responsibility for the damage, scrapping, inventory loss, death and deterioration of various assets, mainly including:
(1) Relevant accounting materials and original vouchers;
(2) List of assets.
(3) Business contracts related to economic activities;
(four) the identification documents or materials of the internal technical appraisal department of the enterprise;
(5) The internal approval documents and relevant materials of the enterprise;
(six) the responsibility identification and compensation for the losses caused by the management responsibility of the responsible person;
(seven) the legal representative of the enterprise, the person in charge of the enterprise and the person in charge of finance shall bear legal responsibility for the authenticity of specific matters.
V. Special application materials require more application materials. What should taxpayers do if they cannot submit relevant materials within the prescribed time limit?
If an enterprise is unable to submit relevant materials within the prescribed time limit due to special reasons, it may apply to the competent tax authorities, and after approval by the competent tax authorities, it may appropriately postpone the declaration.
Six, how to manage the asset loss reporting data?
Enterprises should establish and improve the management system of internal write-off of asset losses, strengthen internal control, and collect, sort out, compile, review, declare and save the evidence materials of pre-tax deduction of asset losses in time to facilitate the inspection by tax authorities.
Seven, the taxpayer made a tax return, and then found that the loss of assets was underreported, how to deal with it?
The taxpayer made a tax return and then found that there were missing assets. They can make corrections before the end of the annual settlement (before May 30th). If it is found after the final settlement, a supplementary declaration can be made.