There Are Differences Between Tax And Accounting Treatment.

The tax law treats investment real estate as a general fixed asset or intangible asset accounting. The fifty-sixth regulation of the enterprise income tax law stipulates that assets of the enterprise, including fixed assets, biological assets, intangible assets, long-term prepaid expenses, investment assets and inventories, are based on historical cost. The enterprise income tax law stipulates that when calculating the taxable income, the depreciation of the fixed assets and the amortization expenses of the intangible assets calculated according to the regulations are allowed to be deducted.

The subsequent measurement of investment real estate includes cost mode and fair value mode. Generally, enterprises can use the cost mode to carry out subsequent measurement of investment real estate on the balance sheet date. However, there is strong evidence that the fair value of investment real estate can be sustained and reliable, and the fair value model of investment real estate can be used for subsequent measurement. Moreover, the new accounting standards stipulate that for the investment real estate that is calculated by the fair value model, the depreciation value should be adjusted on the balance sheet date. The book value should be adjusted on the basis of the fair value of the investment real estate, and the difference between the fair value and the book value should be included in the profits and losses of the current period.

For investment real estate, the fair value is measured on the balance sheet date, and the "fair value change profit and loss" subject is set up in the accounting to calculate the investment real estate changes under the fair value mode. On the balance sheet date, according to the difference between the fair value of the investment real estate and its book balance, the enterprise debit "investment real estate - fair value change" subject, credited the "fair value change profit and loss" subject; the balance sheet value is below the balance of its book balance to do the opposite accounting entry, that is, to borrow the "fair value change profit and loss" and credit the "investment real estate - fair value change" subject.

The tax law stipulates that the historical assets of fixed assets are taken as the basis of tax calculation. When calculating the taxable income, the depreciation of fixed assets as stipulated by the enterprise is allowed to be deducted before tax. The income tax law does not confirm the "fair value change profit and loss" in accounting, and the difference between income tax and accounting treatment. The calculation of enterprise income tax should confirm the taxable income of the year in accordance with the provisions of the tax law. Therefore, the difference between the tax law and the accounting should be adjusted when calculating the annual taxable income at the end of the year.

When an enterprise calculates the taxable income on the basis of accounting profits, if there is a credit amount occurring in the current "fair value change profit and loss", it is necessary to carry out tax reduction; if the current period is " Fair value change gains and losses "The amount of debit incurred appears to require tax adjustment. At the same time, in accordance with the relevant provisions of the enterprise income tax law, such assets can be depreciated, and there are differences between corporate income tax and accounting treatment. Income tax The difference between accounting treatment and accounting treatment is temporary difference. In the fair value mode, the difference between the subsequent measurement accounting treatment and the tax treatment of the investment real estate should be adjusted when calculating the taxable income. The following is an example.

For example, in January 1, 2011, the above-mentioned enterprises will rent out an office building. The initial cost of the office is 5 million yuan, and the service life is 20 years. The net residual value is estimated to be 5%.. The fair value of the investment real estate is measured at the end of the term. In December 31, 2011, the fair value of the investment real estate is 5 million 200 thousand yuan.

(1) accounting treatment In order to, (1) the accounting treatment of the enterprises when the office was rented out in early 2011: Debit: investment real estate, cost 5000000; Credit: fixed assets 5000000. (2) accounting standards stipulate that for the investment real estate that adopts the fair value measurement mode, the book value should be adjusted on the basis of the fair value of the investment real estate on the balance sheet day, and the difference between the fair value and the book value should be included in the current profits and losses. The accounting treatment of enterprises in December 31, 2011 is: Debit: investment real estate - fair value change 200000; Credit: fair value change profit and loss 200000.

(two) enterprise income tax treatment and enterprise income tax and accounting difference adjustment.

The enterprise income tax law confirms that office buildings are fixed assets. The accounting treatment using the fair value model is not confirmed on the enterprise income tax. The measurement of enterprise income tax law should be based on the historical cost, and the depreciation part of the enterprise income tax law is allowed to be deducted before tax, and the enterprise income tax and accounting treatment are different, the nature of the difference is temporary difference.

In 2011, the depreciation allowable before enterprise income tax was 500 x (1-5%) 20=23.75 (10000 yuan).

Therefore, when calculating the taxable income of enterprise income tax in 2011, the difference between the fair value and the book value of the enterprise income tax on the accounting office shall be transferred to the current account profit of 200 thousand yuan by the credit of the fair value change profit and loss account. It is not recognized that the current accounting profit should be reduced. The reduction amount should be 200 thousand yuan. In addition, the enterprise income tax is recognized as a fixed asset in the investment property in this case, and the depreciation is 237 thousand and 500 yuan. The tax reduction should be made in the current period, and the reduction amount should be 237 thousand and 500 yuan. The total tax deduction for this business is 437 thousand and 500 yuan.