The Comparative Study Of Tax System And Accounting System In China

The tax system and accounting system belong to the professional field in regulating economic conduct. The tax system serves the State which through the form of taxation to raise funds for the whole community to provide public goods and to compensate for market failures, serving the public interest, with the objective of enhancing social welfare; accounting system serves the public, and its accounting information users are multi-directional including owners, operators, employees and other external users. Since both services are different, there are many differences in the tax system and accounting system, and those differences will inevitably increase taxpayer' cost compliance with the tax system and accounting system, increase difficult of tax personnel, financial accounting personnel understanding and implementation of specific policies and regulations. And because they belong to the scope of economic law, a prerequisite for the same relative to the same things with different provisions would cause the loss of system efficiency. Because of this, this paper use theory of the tax and accounting, as a starting point to the relationship between the tax system and the accounting system and their evolutions, based on the current tax system and accounting system, and contrast tax system with accounting system from both basic level, such as the purpose, principles, the development agencies, procedures and methods, and from the accounting elements including assets, liabilities, owner's equity, income, expenses, profits and so on; from the real aspect as an example for income tax and value added tax to empirical analysis, from the time difference on recognizing income and deducting cost between the permanent and timing differences by comparisons. Analysis of the impact of...