The items that need to be adjusted in the final settlement of enterprise income tax are as follows:
Because accounting and taxation are quite different in accounting purpose, accounting caliber, measurement method and time, there is a difference between the pre-tax accounting profit calculated by accounting method and taxable profit calculated by tax law in the same period, and the adjustment of this difference has become an important part of income tax settlement. This paper intends to discuss the reasons, nature, contents and accounting treatment methods of this difference, so as to provide useful reference for income tax settlement.
I. Income items that need to be adjusted in the final settlement of income tax
1, non-taxable income. Financial appropriation, administrative fees, government funds and other non-taxable income stipulated by the State Council, which are collected according to law and incorporated into financial management.
2. Income of debt interest. It is not included in the income tax payable, but the income from the transfer in the middle should be taxed.
II. Expenditure items that need to be adjusted in the final settlement of income tax
1, employee welfare. The employee welfare expenses incurred by the enterprise that do not exceed 14% of the actual total wages and salaries are allowed to be deducted. The excess is subject to tax adjustment, and it is a permanent business accounting.
2. Trade union funds. The part of the trade union funds allocated by the enterprise that does not exceed 2% of the total wages and salaries shall be deducted. The Announcement of State Taxation Administration of The People's Republic of China on the Proof of Pre-tax Deduction of Enterprise Income Tax for Trade Union Funds (No.24 of State Taxation Administration of The People's Republic of China Announcement No.20 10) stipulates that from July 20 1 0/day, the trade union funds paid by enterprises shall be deducted before enterprise income tax on the basis of the Special Receipt for Trade Union Funds Income issued by trade union organizations.
3. Staff education funds. The part of employee education expenditure incurred by the enterprise that does not exceed 2.5% of the total wages is allowed to be deducted; The excess is allowed to be carried forward and deducted in future tax years. At this time, timing difference will be generated, and the tax increase project should be handled.
4. Five insurances and one gold. Enterprises pay for employees in accordance with the scope and standards stipulated by the relevant competent departments of the State Council or the provincial people's government? Five insurances and one gold? , allowing deduction; Supplementary old-age insurance premiums and supplementary medical insurance premiums paid by enterprises for investors or employees, and the insurance premiums paid by the competent departments of finance and taxation in the State Council are allowed to be deducted. According to the relevant policies and regulations of the state, the supplementary old-age insurance premium and supplementary medical insurance premium paid by an enterprise for all employees who are employed or employed in the enterprise shall be deducted when calculating the tax payable, and the excess part shall not be deducted.
5. Interest expense. The following interest expenses incurred by an enterprise in its production and operation activities are allowed to be deducted: (1) interest expenses incurred by non-financial institutions in borrowing from financial institutions, interest expenses incurred by financial institutions in various deposits and interbank lending, and interest expenses incurred by enterprises in issuing bonds upon approval; (2) The interest expenses of non-financial institutions borrowing from non-financial institutions shall not exceed the amount calculated according to the interest of similar loans of financial institutions in the same period; (3) The interest expenses incurred when the proportion of bond investment and equity investment accepted by an enterprise from its related parties exceeds the prescribed standard shall not be deducted in the current and subsequent years. The specific ratio of bond investment to equity investment is: financial enterprises 5:1,other enterprises 2:1.
6. Business entertainment expenses. The business entertainment expenses related to the production and business activities of the enterprise shall be deducted according to 60% of the amount incurred, but the maximum amount shall not exceed 0.5% of the sales income (business income) of the current year. At the same time, it is necessary to strictly distinguish between illegal expenses such as kickbacks and bribes to customers, which should not be treated as business entertainment expenses but should be directly adjusted. Pay special attention to Article 8 of Guoshuihan [2010] No.79, which stipulates that for enterprises engaged in equity investment business (including the headquarters of group companies and venture capital enterprises, etc.), the deduction limit of business entertainment expenses can be calculated according to the prescribed proportion from the dividends, bonuses and equity transfer income distributed by the invested enterprises.
7. Advertising expenses and business promotion expenses. Except as otherwise provided by the competent departments of finance and taxation of the State Council, the eligible advertising expenses and business promotion expenses incurred by enterprises are allowed to be deducted if they do not exceed the sales revenue (business) 15% of the current year, and the excess is allowed to be carried forward for deduction in future tax years, resulting in timing difference.
8, fines, fines, fines. (1) Tax late payment refers to the late payment imposed by the tax authorities by taxpayers in violation of tax laws and regulations, which cannot be deducted and should be increased; (2) Fines, fines and financial losses confiscated refer to fines imposed by relevant departments by taxpayers in violation of relevant national laws and regulations, as well as fines and financial losses confiscated by judicial organs, which are all administrative fines and shall not be deducted, and should be subject to tax increase.
9. Donation. Donation expenses incurred by enterprises for public welfare undertakings, which do not exceed 12% of the total annual profit, are allowed to be deducted, while non-public welfare donations are not allowed to be deducted, and tax should be increased.
The above is the adjustment project of final settlement compiled by Xiaobian, which is comprehensive and I hope it will be useful to you.
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