According to the income tax accounting method required by China's Accounting Standards for Business Enterprises, the details are as follows:
1, small enterprises can choose "tax payable method"
It is clearly stipulated in the Accounting System for Small Enterprises that small enterprises are allowed to adopt the "tax payable method" because of their simple business, low accounting cost and low quality requirements of accounting information.
2, large and medium-sized enterprises should choose "tax impact accounting method"
Enterprises that implement the Enterprise Accounting System must use the Tax Impact Accounting Method, which specifically belongs to the Income Statement Liability Method.
3. China's listed companies can only choose the "balance sheet debt method".
Enterprises that implement the Accounting Standards for Business Enterprises 2006 (mainly listed companies and some large state-owned enterprises at present) must use the "balance sheet liability method" to ensure the quality of accounting information.
Extended data:
Expenses that shall not be deducted when calculating taxable income:
(1) Capital expenditure. Refers to the taxpayer's expenditure on purchasing and constructing fixed assets and investing abroad. The capital expenditure of an enterprise shall not be deducted directly before tax, but shall be amortized gradually by depreciation.
(2) Expenditure on the transfer and development of intangible assets. Refers to the expenses of taxpayers purchasing intangible assets and developing intangible assets by themselves. Expenditures for the transfer and development of intangible assets shall not be deducted directly, but shall be amortized in installments during the benefit period.
(3) Asset impairment reserve. The provision for impairment of fixed assets and intangible assets is not allowed to be deducted before tax; The provision for impairment of other assets is not allowed to be deducted before tax before it is converted into substantial losses.
(4) fines for illegal business operations and losses of confiscated property. Taxpayers violate national laws. Laws and regulations, fines imposed by relevant departments and losses of confiscated property shall not be deducted.
5] Late fees, fines and fines for various taxes. Late payment fees and fines imposed by the tax authorities, fines imposed by the judicial departments, and fines other than the above shall not be deducted before tax.
(6) The part with compensation for losses caused by natural disasters or accidents. If a taxpayer suffers from natural disasters or accidents, the compensation paid by the insurance company shall not be deducted before tax.
(7) Donations for public welfare and relief, as well as donations for non-public welfare and relief, which exceed the allowable deduction by the state. Donations used by taxpayers for non-public welfare and relief purposes, as well as donations exceeding 12% of the total annual profit, are not allowed to be deducted.
Being all kinds of sponsorship expenses.
(9) Other expenses unrelated to income.
Baidu Encyclopedia-Accounting Standards for Enterprises
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