Accounting Knowledge Helps You Understand The Tax Information Contained In The Financial Statements.

Xiangyun Technology Co., Ltd. is a production enterprise. The enterprise income tax is under the jurisdiction of the State Taxation Bureau. The company's annual financial audit report reflects that the urban maintenance and construction tax paid by the value-added tax has been paid, the land use tax and the property tax have been paid in full, the stamp duty has been paid in full, the annual business tax has been declared to be 0 yuan, and the personal income tax on wages and salaries has been withheld in full.

When assessing the company's tax payment by a local tax bureau assessor, it is found that the changes in the balance between the beginning and the end of the following items of the balance sheet in December 2014 may cause tax related problems.

The subject of "sale of financial assets" was 9845678.62 yuan at the beginning of the year, with a balance of 5322421.26 yuan at the end of the year.

"Long term equity investment" subjects, the balance at the beginning of 7175394.08 yuan, the final balance of 5767567.78 yuan.

"Investment real estate" subjects at the beginning of the balance of 231521.83 yuan, the final balance of 6236420 yuan.

1. accounts for sale of financial assets, accounting for the fair value of the assets available for sale by enterprises, including financial assets classified as available for sale, stock investment and bond investment.

There is a significant change in the end balance of this subject, which means that there are stocks and bonds and other financial commodities trading business.

2. long term equity investment refers to the equity investment of the investor in controlling the invested entity, and the equity investment in its joint venture.

This account calculates foreign equity investment, and the reason for its reduction is

The liquidation of the invested enterprise resulted in the loss of shares and the recovery of investment.

In the equity investment calculated by this subject, there is a special effect of equity, that is, the share that investors obtain before the stock company is allowed to go public. After a certain period of investment, the share of the stock is non tradable shares without circulation rights, which is called the restricted stock because of the limitation of the circulation period and the ratio of circulation.

After the pfer of restricted shares, the long-term equity investment will also be reduced.

Therefore, the reduction in the final amount of the two subjects may involve the pfer of financial products, and the company has paid a business tax of 0 yuan, so there may be a problem of paying less business tax.

3. according to the provisions of "accounting standards for Enterprises No. third - investment real estate", investment real estate refers to the real estate held for rent or capital appreciation, or both, including the land used for lease, the land that is held and ready for increment, and the right to use and the lease of the building.

The company's investment real estate account has increased considerably, and there may be economic activities such as rental housing, and the company has not paid the property tax according to the rent.

Therefore, there may be a shortage of property tax and business tax.

In view of the above doubts identified by the appraisal, the interviews with the financial personnel of the enterprises confirmed the assessment personnel's judgement.

After the tax assessment was conducted by the assessors, the enterprise immediately checked and corrected the business tax and the additional tax payable on the pfer of the stock (including restricted stock), and the property tax and business tax and additional tax payable on the rental housing.

In the case of no taxpayer entering the household inspection, comprehensive information comparative analysis, data logical analysis, business nature analysis and other methods are applied to taxpayers.

In order to find out the tax related doubtful points in the information submitted by the parties, and make qualitative and quantitative judgments on the authenticity, integrity and timeliness of the tax payment obligations of the parties, this requires that the assessors not only be familiar with the tax law, but also must fully grasp and accurately apply the knowledge of financial accounting so as to be able to read the tax information contained in the financial statements.

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