First, according to the enterprise income tax law, enterprise income tax is paid in advance on a monthly or quarterly basis and settled annually. If there are monthly or quarterly profits, the advance enterprise income tax calculated according to the profit amount needs to make the following entries:

Borrow: tax payable-enterprise income tax payable

Loan: bank deposit or cash.

There is no need to make accrual entries, because enterprise income tax is a tax levied on an annual basis, which is based on the taxable income of enterprises in each Gregorian calendar fiscal year, and only needs to make accrual entries at the end of the year.

Second, if you don't pay in advance on a monthly or quarterly basis, you don't need to make any entries. Only at the end of the year, after you have obtained the taxable income according to the total profit of that year, can you calculate the enterprise income tax payable in that year according to the applicable tax rate, and make the following accounting treatment:

Debit: income tax expense

Loan: taxes payable-enterprise income tax payable

When paying, if it is calculated that the amount of enterprise income tax payable in the current year is greater than the prepaid amount, only the following entries will be made for the difference:

Borrow: tax payable-enterprise income tax payable

Loan: bank deposit or cash.

If it is calculated that the enterprise income tax payable in the current year is less than the amount paid in advance, you can apply for tax refund or deduct the advance payment in the next year.

If you don't pay enterprise income tax in advance as required, you will have to pay fines and late fees?

Policy basis:

1. Notice of State Taxation Administration of The People's Republic of China on Strengthening Advance Payment of Enterprise Income Tax (Guoshuihan [2009] No.34)

1. According to the Enterprise Income Tax Law of People's Republic of China (PRC) and its implementing regulations, enterprise income tax shall be paid in advance according to the actual monthly or quarterly profits; If it is difficult to pay in advance according to the actual monthly or quarterly profit, it may be paid in advance according to the monthly or quarterly average taxable income of the previous tax year, or by other methods approved by the tax authorities. In order to ensure the timely and full payment of taxes, tax authorities at all levels should, in principle, levy enterprise income tax on enterprises that are included in the management of local key tax sources.

Four. Tax authorities at all levels should further strengthen supervision and management. Failing to declare enterprise income tax in advance as required, it shall be handled in accordance with the relevant provisions of the Law of People's Republic of China (PRC) Municipality on the Administration of Tax Collection and its detailed rules for implementation.

2. Announcement of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Issuing Monthly (Quarterly) Prepaid Tax Returns for Enterprise Income Tax in People's Republic of China (PRC) (Class A, Version 20 18) and Other Statements (Announcement No.26 of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC), 20 18) 3. Line 3: "Total profit": Fill in the taxpayer's information as of the end of this tax period. Total accumulated profits this year calculated in accordance with the provisions of the national unified accounting system. 4. Line 4, "Taxable income calculated by specific business": Taxpayers engaged in specific business such as real estate development should fill in the taxable income calculated by specific business according to tax regulations. The pre-sale income obtained by real estate development enterprises from selling unfinished development products shall be filled in according to the estimated taxable gross profit margin stipulated by the tax. After the products developed by the enterprise are completed, the estimated gross profit of the unfinished pre-sale link calculated according to the estimated taxable gross profit rate stipulated by the tax shall be adjusted at the time of final settlement. Monthly (quarterly) withholding tax return will not be adjusted. The amount reported by the bank shall not be less than the amount reported in the last issue of this year. 5. "Non-taxable income" in line 5: the cumulative amount of non-taxable income included in the "total profit" column of this table by taxpayers this year. 6. In line 6, "preferential amount of tax-free income, tax reduction and exemption": the cumulative amount of tax-free income, tax reduction and exemption and exemption in this year. The bank shall fill out the list according to the preferential list of tax-free income, income deduction and income reduction (A20 10 10). 8. Line 8, "Make up the losses of previous years": Fill in the accumulated amount of the taxpayer's losses before enterprise income tax in previous years as of the end of the tax period.

How to calculate the enterprise income tax paid in advance by real estate development enterprises?