Attention Should Be Paid To Income Tax Deduction Before Closing.

(1) the tenth section of the enterprise income tax law stipulates that when calculating the taxable income amount, the following expenditures can not be deducted before tax: (1) equity investment income such as dividends and bonuses paid to investors; (2) enterprise income tax; (3) tax arrears; (4) penalties, fines and losses of confiscated property; (5) donation expenditure other than ninth of this law; (6) sponsorship expenditure; (7) unapproved reserves; and (8) other expenditures related to income. If the enterprise deducts the tax penalty before tax, the account should be adjusted before closing the bill, so as not to cause unnecessary trouble.

(two) the accrued expenses and the prepaid expenses are usually deducted according to the accrual basis. For the prepaid expenses directly amortized into the cost, the income tax deduction can be deducted. However, it is necessary to pay attention to the principle of certainty when the cost is withdrawn. The accrued expenses recognized by accrual basis can be deducted. With regard to the handling of the expenses, the enterprise income tax law and its implementing regulations stipulate that the following expenditures of the enterprise shall be deducted as stipulated in accordance with the regulations as follows: (1) the expenditures for the reconstruction of the fixed assets that have been fully extracted, and (2) the alteration expenses for renting fixed assets; (3) the expenditure for the repair of fixed assets; and (4) other expenses that should be paid for the long term prepaid expenses. In addition, the tax law does not allow other costs to be amortized in subsequent years.

(three) handling of fixed assets inventory losses and fixed assets inventory surplus. According to the relevant provisions of the tax law, the fixed assets inventory loss is a property loss and can be deducted before tax. According to the relevant provisions of the circular issued by the State Administration of Taxation on the annual return of enterprise income tax ([2008]101), the inventory surplus of fixed assets should be listed as "extra income" as a "income statement".

(four) the handling of sponsorship donations. The Circular of the State Administration of Taxation on the disposition of assets income tax by enterprises (tax letter [2008]828) has further refined the specific definition of sales, which is regarded as sales revenue at the same time when recognition is regarded as sales revenue. According to the ninth chapter of the second chapter of the enterprise income tax law, "the part of the enterprise's public welfare relief donations, which is within 12% of the total annual profit, is allowed to be deducted when calculating the taxable income."

(five) handling of employee benefits.

According to the notice on strengthening the financial management of staff welfare expenses (financial enterprise [2009]242), the transportation, housing and communication treatment provided by the enterprises has been monetized, and housing subsidies, transportation subsidies or subsidies for car changes and communication subsidies paid or paid by the month shall be included in the total wages of staff and workers, and will no longer be included in the management of staff welfare funds. The related expenses of enterprises that have not yet implemented monetary reform will be managed as staff welfare funds. The inclusion of transportation, housing and communications subsidies in total wages is only a change in financial accounting, and does not affect the payment of enterprise income tax, that is, transportation, housing and communications subsidies are still referred to the State Administration of Taxation on enterprises. wages The notice of deduction for salaries and staff welfare expenses ([2009]3) is used as a "staff welfare cost" and is deducted within the proportion of 14% of the total wage and salaries before tax deduction.

(six) the expenses for advertising and business publicity expenses handled by enterprises in accordance with the prescribed conditions shall not exceed the 15% of the sales (business) revenue of the current year, except for other provisions of the Department of Finance and taxation of the State Council. Tobacco advertising fees and business publicity expenses should not be calculated. Taxable income Deduction at full time.

(seven) funds for staff education Handle 。 Article forty-second of the regulations on the implementation of the enterprise income tax law stipulates that except for other provisions provided by the Department of Finance and taxation under the State Council, the expenses for the education of staff and workers, which do not exceed 2.5% of the total wages and salaries, shall be deducted. Due to the corresponding delay in the deduction time of tax law, temporary differences are formed. Accounting treatment should be carried out according to the accounting standards for Enterprises No. eighteenth - income tax.