Analysis of Differences Between Enterprise Accounting Standards and Tax Laws for Foreign-Invested Enterprises

Author: Gao Jinping
Publisher:
Publish Date: 2003-08-01
Features: Taxation and accounting are two distinct fields, yet they are closely intertwined. How to effectively combine them involves both institutional-level issues and technical aspects. Tax laws, to a certain extent, focus on achieving fair and reasonable tax burdens and ensuring the timely collection of state taxes, while the goal of accounting is to provide financial information that aids decision-making for accounting stakeholders. Although both utilize some concepts, rules, and methods with significant consistency, due to their fundamental differences in objectives, there are inevitably divergences and discrepancies.