China's Corporate Income Tax Accounting Research

The Ministry of Finance of China promulgated the new principle of enterprise accountancy on 15, February, 2006 and the principle has been put into practice since 1, January,2007, which marks that the Chinese accountancy system has come into accord with the international and the American accountancy systems. Compared with the former rules, the new < EnterpriseAccountancy Rules No.18--Income Tax> has changed most. This principle has a thoroughlychange for a new dealing method in capital debts. It is worth of a further study on the correct understanding and mastering the new methods in dealing with the income tax after the principle has been into practice for more than one year.This essay contains five chapters. The first chapter is an introduction to the aims and study background about home and abroad. It also deals with some investigations of the uses of the new accountancy principles. The Chapter II focuses on the income-tax accountancy. The third chapter is to introduce the situations and differences between Chinese and American accountancies, the development and innovation of the income-tax accountancy on the conditions of the different countries. Chapter IV is about the disadvantages of the former principle and the advantages of the new one and some general business methods. It also discusses the necessity of the accountancy principle reform. The last chapter introduces mainly the present situation of the income-tax accountancy and its improvement and development. The chapter makes an introduction to the means and methods in dealing with the debt law of capital debts list.