Can changes in the fair value of trading financial assets be deducted in the calculation of corporat

According to the regulations of the Ministry of Finance and the State Administration of Taxation, the fair value change gains and losses recognized during the holding period are not considered in the tax calculation, and only at the time of actual disposal, the price obtained is included in the taxable income during the disposal period after deducting its historical costs. Tradable financial assets.

The basis of taxation is historical cost, and the change in fair value of the trading financial asset will cause a temporary difference during the period of holding the financial asset, and the difference will only be reversed when it is actually disposed of. That is, the fair value change gains and losses arising during the holding of trading financial assets are taxable temporary differences or deductible temporary differences, which shall be subject to the applicable enterprise income tax.

Income tax expense calculated by tax rate, debited or credited to the Income Tax Expense account, credited to the Deferred Tax Liabilities account, or debited to the Deferred Tax Assets.

Subjects. So, it can't be deducted.

Hello. According to the relevant provisions of the tax law, the change in the fair value of financial assets, financial liabilities and investment real estate measured at fair value of an enterprise during the holding period shall not be included in the taxable income, and the difference between the price obtained from the disposal after deducting its historical cost shall be included in the taxable income during the disposal or settlement period when it is actually disposed of or settled. Therefore, the fair value change profit and loss in the question shall not be included in the taxable income and shall be adjusted for tax purposes in accordance with the law.

Impact, for example, if you buy it for 100 yuan, and it falls to 60 at the end of the period, you should have paid 10 yuan less in tax, but the tax law does not recognize it, so you can't pay 10 yuan less in tax. However, it affects income tax expense.

Fixed assets should be treated in different cases: fixed assets that are still in use are valued at the current replacement cost of fixed assets of the same production capacity, unless it is expected that future use of these assets will result in a lower value for the purchasing enterprise.

For fixed assets that will be held, or held for a period of time (but not used), they can be valued at net realizable value; For fixed assets that are temporarily used for a period of time and then **, they are valued on the net realizable value after the depreciation of the future use period is recognized.

Determination method: 1. Valuable** is determined according to the net realizable value at that time (see "net realizable value");

2. Accounts receivable and notes receivable are determined by the amount expected to be collected in the future, discounted at the actual interest rate at that time, minus the estimated bad debt loss and collection cost;

3. The inventory of finished products and commodities shall be determined according to the balance of the estimated selling price minus the realization cost and reasonable profits;

4. The balance of the product inventory shall be determined according to the estimated product selling price after deducting the costs, realization expenses and reasonable profits that need to be incurred at the time of completion;

5. Raw materials are determined according to the current replacement cost.

Effect. There are deductible temporary differences, which of course will affect income tax expenses.

The tax basis is from the perspective of the balance sheet, and the difference between the tax basis and the book value is used to calculate the deferred tax assets and liabilities. The tax basis of a trading financial asset is the ** at the time of purchase, and the carrying amount is the fair value at the end of the period.

From the perspective of the income statement, changes in the fair value of trading financial assets are included in a new separate account: gains and losses on changes in fair value. The taxable income of a trading financial asset shall be calculated at the time of **-original purchase**, and the fair value change profit or loss due to the change in fair value shall be adjusted when calculating the taxable income when it is not actually**.

Provisions on the tax basis of assets:

The tax law clearly stipulates that the depreciation, amortization, cost and net value of various assets such as inventory, fixed assets, intangible assets, investments and other assets of an enterprise can be deducted in the calculation of taxable income in accordance with the specific tax treatment methods prescribed by the competent financial and tax authorities.

In contrast to the accounting "book value", the Accounting Standard for Business Enterprises No. 18 - Income Tax stipulates that in the process of recovering the book value of assets, the amount that can be deducted from the taxable income according to the provisions of the tax law is called the "tax basis" of the asset.

Trading financial assets will produce fair value changes, for the change part, accounting is included in the fair value change profit or loss, so it is included in the current accounting profit, but the tax law says, I do not recognize the change in your holding period, and when you actually dispose of it, it is how much, so there is a difference between accounting and tax law, and it is necessary to adjust the change part included in the accounting profit according to the requirements of the tax law. Accounts receivable are mainly bad debts and impairment provisions, and the provision for bad debts and impairment provisions will affect accounting profits, but the tax law says that the bad debts of your question must be mentioned according to the requirements I specify, otherwise I don't admit the extra part, I don't recognize the impairment provision you mentioned, and I will admit it when you actually have an impairment... That's it, because of the difference between accounting and tax law, so there is a deferred income tax.

1. The tax law does not recognize the fair value change of trading financial assets, so the fair value change profit or loss recognized by trading financial assets is not included in the taxable income, and tax adjustment needs to be made in the income tax declaration, so it does not affect the income tax.

2. After the change in the fair value of the financial assets available for sale is determined, there is a temporary difference between the book value and the tax basis of the financial assets available for sale, and the accounting requires the recognition of deferred income tax, which is included in other comprehensive income on the book, so the impact of the change in the fair value of the financial assets on other comprehensive income is the net amount after tax, so the impact of income tax should be considered.

Available for ** Book value of financial assets = fair value.

Tax basis available for ** financial assets = cost acquired at the beginning of the period.

1. Recognize changes in fair value.

Borrow: Available for ** Financial Assets - Changes in Fair Value.

Credit: Other comprehensive income.

2. The issue of deferred income tax.

Borrow: Income tax expense.

Borrow: Other comprehensive income.

Credit: Tax Payable - Corporate Income Tax Payable.

Credit: Deferred tax liability.

3. Example questions. On December 31, 2011, Company A recognized deferred tax assets of RMB 100,000 and deferred tax liabilities of RMB 200,000 respectively due to changes in the fair value of trading financial assets and available financial assets. The amount of income tax payable by Company A for the current period is 1.5 million yuan.

Assuming that no other factors are considered, the amount of "income tax expense" in the company's 2011 income statement should be (1.4 million) yuan.

Debit: Income tax expense 140

Debit: Deferred tax assets 10

Credit: Tax Payable - Income Tax Payable 150

Borrow: Other comprehensive income 20

Credit: Deferred tax liability 20

Note that the deferred income tax that can be recognized for changes in the fair value of financial assets corresponds to other comprehensive income, not income tax expense.

No. The fair value change loss of trading financial assets shall not be deducted before tax, and the income shall not be subject to income tax, so the fair value change gain shall be reduced and the loss shall be increased when the tax is adjusted.

If the fair value change gain or loss is on the credit side, it is the fair value change gain, and if it is on the debit side, it is the loss.

Recognition of Taxable Income:

The basis of enterprise income tax is the taxable income of the enterprise, which refers to the balance of the total income of the taxpayer in each tax year minus the amount of allowable deductions.

The calculation of taxpayers' taxable income is based on the principle of accrual accounting, and the correct calculation of taxable income is closely related to the accounting of costs and expenses, which directly affects the state fiscal revenue and the tax burden of enterprises.

Whether the change in fair value of the trading financial asset is recognized only in the current year: not only the current year. According to the Accounting Standard for Business Enterprises No. 23 - "Financial Instruments:

Recognition and Measurement, when recognizing gains or losses caused by changes in the fair value of financial assets or financial liabilities, the corresponding deferred tax assets or deferred tax liabilities must be recognized. The transfer of deferred tax assets and deferred tax liabilities should reflect the potential tax consequences of the unrealised financial instruments and should be considered on a case-by-case basis.

Is the change in fair value of trading financial assets recognized as deferred tax assets recognized only in the current year?

Changes in the fair value of trading financial assets are recognized as deferred tax assets, and whether the number of deferred tax assets is recognized only in the current year: not only in the current year. According to the Accounting Standard for Business Enterprises No. 23 - "Financial Instruments:

Recognition and Measurement, when recognizing a gain or loss caused by a change in the fair value of a financial asset or a change in the fair value of a financial asset's first debt, the corresponding deferred tax asset or deferred tax liability must be recognized. The transfer of deferred tax assets and deferred tax liabilities should reflect the potential tax consequences of the unrealised financial instruments and should be considered on a case-by-case basis.

The recognition of deferred tax assets by fair value changes is not necessarily only recognized in the current year, and decisions should be made based on the actual situation. The so-called deferred tax assets or deferred tax liabilities simply refer to the fact that there is a difference between the book value and the tax value of the assets or liabilities held by the enterprise, resulting in the consequences of tax recognition in the future when the enterprise recognizes the income tax, so it needs to be recognized in the financial statements. For disposal assets, as long as the disposal is complete, i.e., **, write-down or liquidation, the asset impairment provision or deferred tax asset or deferred tax liability should be transferred.

As for the holding assets, the actual tax is uncertain, so it is necessary to judge whether it is Hui Roll for confirmation according to the specific situation. Therefore, when recognizing deferred tax assets, it is necessary to judge based on the actual situation, whether to only recognize the current year or long-term recognition, and comprehensively consider the company's financial status, tax policy, market and other aspects. <>