The Research On Discrepancy And Reconciliation Between China Accounting System And Tax Regulations Exampling Income Tax Based On The Issuance Of The New Accounting Standards

Both the reformation of China Accounting Standards and Taxation and the economy's market-directing & globalization enlarged the discrepancy between Tax Regulations and Accounting Standards. The discrepancy had become an urgent problem for the management of taxation and the work of accounting.By demonstrating the reasonableness of separating Accounting System and Taxation through the comparison of their inherited relationship and the international practices, the writer covers the relevant topics of the discrepancy and the reconciliation of Accounting System and Taxation in China. During the field work, the writer samples the income tax to analyze the discrepancy and the reconciliation inductively and deductively by integrating the modified Accounting Standards which were issues in 2006 by Ministry of Finance. Consequently the writer categorizes and summarizes part of the income tax discrepancy which shows an excellent combination of the theory and the practice.Based upon the discussion by integrating the theory and the practice, the necessity and applicability of reconciling income tax discrepancy are analyzed. Also recommendations are made about the thoughts of reconciling the income tax discrepancy and how to reconcile the discrepancy through Tax accounting.