How deferred tax gains and deferred tax expense should be recognized

1. Deferred income tax income.

1) The ** subsidy related to assets of the enterprise shall be debited to "other receivables", "bank deposits", "xx assets" or other asset class accounts according to the amount receivable or received, and this account shall be credited. When deferred earnings are allocated over the useful life of the relevant asset, this account is debited and the "other income" account is credited, and when the asset is disposed of, the balance of the deferred income account corresponding to the asset is transferred to the asset disposal income (non-operating income) account.

2) ** subsidy related to income, according to the amount receivable or received, debit "other receivables", "bank deposits" and other accounts, and credit this account.

When the relevant expenses are recognized in subsequent periods, this account is debited and the "non-operating income" account is credited according to the amount to be compensated; If it is used to compensate for the relevant expenses or losses that have been incurred, this account shall be debited and the accounts of "non-operating income" and "management expenses" shall be credited.

3) When returning the ** subsidy, according to the amount to be returned, this account, the "non-operating expenses" account, and the "bank deposits", "other payables" and other accounts will be credited.

2. Deferred income tax expense.

1. Confirm deductible temporary differences:

Debit: Deferred tax assets;

Credit: Tax Payable - Income Tax Payable.

2. Deductible temporary difference reversed:

Debit: Deferred tax expense;

Credit: Deferred tax assets.

Deferred tax liabilities are the opposite.

Deferred income tax = (closing deferred tax liabilities - opening deferred tax liabilities) - (closing deferred tax assets - opening deferred tax assets).

It should be noted that the deferred income tax arising from the recognition of deferred tax assets and deferred tax liabilities of an enterprise shall generally be recorded in income tax expense, except in the following two cases:

First, if a transaction or event should be included in the owner's equity in accordance with the accounting standards, the deferred tax assets or deferred tax liabilities arising from the transaction or event and their changes should also be included in the owner's equity and do not constitute deferred tax expense (or income) in the income statement.

For example, if an enterprise holds an asset with a cost of 10 million yuan, and its fair value is 15 million yuan at the end of the accounting period, if the tax basis remains unchanged at 10 million yuan, the difference between the tax basis and its book value of 5 million yuan is a taxable temporary difference.

The applicable income tax rate for the business is 25%. It is assumed that there are no other accounting and tax differences for the business other than this event, and that there are no opening balances for deferred tax assets and deferred tax liabilities.

At the end of the accounting period, when the change in fair value of $5 million was recognized:

Borrow: 5 million financial assets can be provided.

Credit: Capital Reserve - Other Capital Reserve 5 million.

When recognizing the income tax impact of taxable temporary differences:

Borrow: capital reserve - other capital reserve 1.25 million.

Credit: Deferred income tax liability of 1.25 million.

Second, if the carrying amount of the assets and liabilities acquired in the business combination is different from the tax base, and the relevant deferred income tax should be recognized, the recognition of the deferred income tax will affect the goodwill generated in the merger or the amount recorded in the profit or loss for the current period of the merger, but will not affect the income tax expense.

Hello! Deferred tax expense = increase in deferred tax liabilities + decrease in deferred tax assets.

Deferred tax income = decrease in deferred tax liabilities + increase in deferred tax assets.

Deferred Income Tax Definition: A liability arising from an income that has been recorded in accounting but has not yet been recorded for tax purposes, which is recorded in assets and liabilities.

Deferred tax refers to the temporal difference between the accounting profit (total profit, the same below) and the taxable income due to the difference in the time at which the income, expense or loss is recognized by the tax law and the accounting system. The difference is recognized under the Tax Impact Accounting Act and not under the Tax Payable Act.

Deferred tax refers to the temporal difference between the accounting profit (total profit, the same below) and the taxable income due to the difference in the time at which the income, expense or loss is recognized by the tax law and the accounting system. The difference is recognized under the Tax Impact Accounting Act and not under the Tax Payable Act.

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1. Deferred income tax income The decrease of deferred tax liabilities + the increase of deferred tax assets = (the closing balance of deferred tax assets - the opening balance of deferred tax assets) - (the closing balance of deferred tax liabilities - the opening balance of deferred tax liabilities).

2. Deferred income tax expense: increase in deferred tax liabilities + decrease in deferred tax assets = (closing balance of deferred tax liabilities - opening balance of deferred tax liabilities) - (closing balance of deferred tax assets - opening balance of deferred tax assets).

3. Deferred income tax = increase in current deferred tax liabilities + decrease in current deferred tax assets - decrease in current deferred tax liabilities - increase in current deferred tax assets.

The positive number derived from this formula is the deferred income tax expense; A negative number is a deferred income tax income. The above-mentioned deferred tax assets and deferred tax liabilities must correspond to "income tax expense" in order to affect deferred tax expense or deferred tax income.

First, the front. Deferred income tax expense refers to the income tax payable by an enterprise to obtain pre-tax profits. Deferred tax expense** is debited to deferred tax assets when deductible temporary differences occur, debited to deferred tax expense and credited to income tax assets when deductible temporary differences are reversed.

2. Formula for calculating deferred income tax expense.

Deferred income tax expense = deferred income tax liability occurrence amount - deferred income tax asset occurrence amount - deferred income tax liability reversal amount + deferred income tax asset reversal amount, deferred income tax is when there is a time difference between the taxable income of the joint venture and the total profit in accounting, in order to adjust the accounting difference, the total book profit can be calculated and disbursed as the total profit, and the income tax is calculated as the income tax payable in accordance with the provisions of the tax law, and the difference between the two is the deferred income tax.

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3. Current income tax, deferred income tax and income tax expense are different in terms of the reason for the trip, the calculation method and the items of the accounting account.

1. The reasons for the formation are different.

Current income tax is calculated from the perspective of tax law, the current income tax payable, and the reason for the formation of deferred income tax is more due to the temporary difference between accounting treatment and tax treatment. Income tax expense is an income tax expense calculated from the accounting perspective of the income statement in the balance sheet.

2. The calculation formula is different.

Income tax payable for the current period = taxable income income tax rate. Deferred income tax = (closing deferred tax liabilities - opening deferred tax liabilities) - (closing deferred tax assets - opening deferred tax assets).Income tax expense = income tax payable for the current period - deferred tax assets + deferred tax liabilities.

3. The items of the accounting subjects are different.

On the basis of the accounting profit, the current income tax account shall be adjusted in accordance with the requirements of applicable tax laws and regulations to calculate the taxable income for the current period. Deferred income tax shall be accounted for in detail according to the taxable temporary difference items. The balance of the subject shall be transferred to the "Profit of the Year" account for the calculation of income tax expense, and there is no balance in this account after the carry-forward.

Income tax expense = income tax payable for current period - deferred tax assets + deferred tax liabilities. Experience.

Deferred income tax = (end of the period deferred tax liabilities - opening of the period deferred tax liabilities) - (end of the period deferred tax assets - beginning of the period deferred tax assets).