China Income Tax Accounting Standard-setting Thinking Of A Number Of Issues

Income Tax Accounting latterly come into being in our country and is still a comparatively weak link so far. Perfect unified Income Tax Accounting theory has not been built. Income Tax Accounting practice remains to be furtherly standardized and unified. On the situation of the deference between accounting revenue and tax income becoming larger day by day ,the important problem needing solved at present in accounting theory and practice according with national conditions, lay down Income Tax Accounting Standard with strong serviceability ,and coordinate the relation between Income Tax and Finacial Accounting to put forward the both healthily development. Therefore, the research on Income Tax Accounting is of great significance in both theory and practice.This paper will deeply inquire into the theory and method of Income Tax Accounting, proceeding from national situations and linking with the new achievements in Income Tax Accounting development in the world.This paper divided six parts. The frist part is about the topic and purpose of this paper. Why I select this topic? Through field study and selected 40 listing companies annual reports, through analysis 215 papers which are discussing about Income Tax Accounting, I found this topic is very interesting and very useful for the enterprises. The second part of this paper is discussing the history about Income Tax Law and Income Tax System.The third part discusses the basic theory of Income Tax Accounting, including concepts on Income tax Accounting, objectives, assumptions, principles, and the framework of Income Tax Accounting. The forth part is comparison and selection of Income Tax Accounting treatments, including Income tax accounting differences and treatments. The fifth part is introduction of IAS 12 understanding, including revise of IAS 12, how to use Balance sheet debt method, measurement and disclosure of deferred assets and deferred liabilities. The last part, chapter 6, is comparison of Income Tax Standards(ED) with IAS12 and give some suggestions for setting up our standards, including the necessary of publishing Chinese Income Tax Accounting Standards as soon as possible, analysis the Chinese Exposure draft of Income Tax Accounting. Finally I submit 4 pionts for setting up our Income Tax Accounting standards.