Tax Accounting - (Third Edition)

Author: Gai Di
Publisher:
Publishing Date: 2005-03-01
Features: The second edition of this book was published and distributed in 2003, and by August 2004, it had been printed 12 times. Readers may notice that we made modifications and adjustments according to the latest regulatory changes during each printing, with some adjustments being minor and others being more substantial. Only by continuously updating can we adapt to the ever-changing environment—“Change is the only constant.” For this third edition, the main changes include: To adapt to the changes in the general VAT taxpayer declaration method (with changes to the declaration form and its supplementary materials), this revision replaces the old form with a new one (using actual tax filing data from a company) and a new filling instruction. Additionally, the basic content of the Provisions on Expanding VAT Deduction in Northeast China (No. 156 of the Ministry of Finance and State Administration of Taxation, issued on September 14, 2004) is incorporated into this book, as it is a prelude to the VAT reform in China. To align with the Enterprise Accounting System, the annual tax declaration form for foreign-invested enterprises was revised in 2003. This revision replaces the old form with actual tax filing data from a foreign-invested enterprise for the year 2003, and based on the Interpretation of Issues Related to the Implementation of the Enterprise Accounting System and Related Accounting Standards (No. 29 of the Ministry of Finance and State Administration of Taxation, issued on October 20, 2003) and the Notice on Tax Issues to Be Clarified in the Implementation of the Enterprise Accounting System (No. 45 of the State Administration of Taxation, issued on April 24, 2003), the section on income tax accounting treatment has been expanded to include tax-related accounting matters such as charitable donations, accepting donations, asset impairment, and long-term equity investments. Given that agricultural taxes are about to be fully abolished and special agricultural taxes are negligible, the original book’s “Chapter 11: Accounting for Agricultural Taxes, Pastoral Taxes, and Special Agricultural Taxes” has been removed. The chapter on “Tax Planning” has been expanded from six to eight sections, enriching the content on the principles of tax planning. Additionally, some other modifications and adjustments have been made. Since its first publication in October 1996 (the original title was Enterprise Tax Accounting), this book has matured from immature to more refined, which is inseparable from the care and support of the readers. Here, I once again express my heartfelt gratitude. At the same time, I sincerely thank Mr. Zhang Linyuan, the editor-in-chief of this book, for his years of hard work. I also thank my parents and my teacher, Professor Guan Jinkang, without them, I would have nothing. I deeply love them!