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Audit of taxation

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Movement of Current taxation – Profits tax
Statement of financial position P&L
Tax payable (recoverable) B/F
(a) Add: Provision for profits tax for current year (b) Less: Over-provisions in prior years (c) Less: Profits tax (paid)/refunded in current year Total: Tax payable (recoverable) C/F
Income tax for the year Over-provisions in prior years Under-provisions in prior years
Total: Current tax for the year
**Under-provisions in prior years will not be reflected in movements of tax payable It is because when you settle the tax: Dr. Tax payable (Limited to L/Y’s recorded amt) Dr. P&L (Under-provisions in prior year) Cr. Bank (Based on amt stated in tax return)
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(a) Profits tax for C/Y
Linkage between tax computation, tax reconciliations and deferredthe taxcurrent tax rate. If not necessary
Match with tax rate expected to the enacted at the date of realization, but this is the case, the difference between current tax rate and tax rate to be enacted will be reflected under the category of “Effect of changes in tax rate” in current tax reconciliation
Background When an entity pays dividends to its shareholders, it may be required to pay a portion of the dividends to taxation authorities on behalf of shareholders. In many jurisdictions, this amount is referred to as a withholding tax. Such an amount paid or payable to taxation authorities is charged to equity as a part of the dividends
If WDV b/f is revised, the figure in “Under/over-provisions in prior year” category in current tax reconciliation shall be spilt into 2 figures/ The under/overprovisions related to WDV should be reflected here
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Withholding tax on distributions of earnings
Accounting treatments Illustrative example Company S is a PRC company. On 30 June 2016, Company S declares an interim dividend of RMB1,000,000 to his holding company, Company H, which is a HK company. 5% of withholding tax is charged by PRC tax authority on remittance of earnings. The interim dividend is remitted to Company H at 31 Dec 2016, the year end date of Company S and Company H.
(2) Compare the draft tax computation by us with the final tax computation calculated by tax representative • Corroborate with tax representative for tax treatments in case of significant differences • Discuss with MIC/DIC in case the significant differences are unresolved. We do not need to 100% follow tax treatments of the tax representative • Document the reasons of differences in WPs • Pass the unresolved to SUAD/Adj list
(a) Profits tax for C/Y
Remember:
Linkage between tax computation, tax reconciliations and deferred tax
Negative bal = Deferred tax asset Positive bal = Deferred tax liability
Withholding tax on distributions of earnings
Accounting treatments • For Company S: When the dividend is declared on 30 June 2016: Dr. Equity RMB1,000,000 Cr. Other payables – Withholding tax RMB50,000 (RMB1,000,000 x 5%) Cr. Dividend payables to Company H RMB950,000 • For Company H: When the dividend is declared on 30 June 2016:
Accounting treatments • In consolidation level: When the dividend is declared on 30 June 2016: Dr. Withholding tax – P&L Cr. Other payables RMB50,000 RMB50,000 (RMB1,000,000 x 5%)
10/11/2016
Audit of taxation
Part 1 – Current taxation
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Composition
Composition • Withholding tax • Profits tax
Withholding tax on distributions of earnings
(a) Profits tax for C/Y
Linkage between tax computation, tax reconciliations and deferred tax
Movement shall tie to Deferred tax WP
Figures can be positive or negative
Dr. Withholding tax – P&L RMB50,000 Dr. Dividend receivables from Company S RMB950,000 Cr. Dividend income RMB1,000,000
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Withholding tax on distributions of earnings
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(a) Profits tax for C/Y
Linkage between tax computation, tax ay attention of the natures of the under/over-provisions. In case they are related to items that have deferred tax effects and W.D.V b/f is revised, you have to allocate part of the under/overprovisions to the category “Deferred tax impacts”
Match with “Deferred tax impacts” category in tax reconciliation WP
(a) Profits tax for C/Y
Linkage between tax computation, tax reconciliations and deferred tax
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(a) Profits tax for C/Y

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税务外文文献

税务外文文献

1944]
BOOK REVlEW^S
177
The author has made no attempt to treat this most recent program for taxing the excess profits of business in an extended manner, nor has he undertaken a detailed analysis of the shifting and incidence of the tax. He is, however, well justified in delimiting his treatment of the subject^ for it will be some little time before the history of this latest American venture into the field of excess profits taxation can be properly appraised, and it will most certainly be necessary for someone to undertake extensive research of an inductive character before many of the uncertainties which obscure the economic effects of this tax are clarified. Measured by the criterion of yield, the excess profits tax of World War I was highly successful, and there is no substantial evidence that it inflicted serious economic injury upon any group of taxpayers, in spite of^ the many annoyances which resulted from the defective character of the legislation and from poorly coordinated attempts at enforcement. No doubt the evolution of other taxes, some of them now major components of the federal revenue system, will reveal difficulties in definition and practice quite as perplexing as many of those which limited the effectiveness of the first excess profits tax laws. The whole situation has been complicated by the fact that there has been little inclination on the part of business men to accept the excess profits tax on any other basis than as a purely emergency levy to be discarded as soon as the pressing need for additional public revenues has passed. Furthermore, as the author makes clear, there has been no substantial agreement among legislators and taxpayers as to what constitutes an appropriate measure of excess profits. It may well be said that if this levy becomes a fixture in the national tax system, excess profits will be variously measured according to whether the government has under consideration peacetime or wartime revenue needs, for there is abundant evidence that profits of a so-called nonnal period cannot be taxed fairly by the same standards as those which apply to periods of war. If these distinctions w^ere given legal sanction it would contribute substantially to sound administration and economic justice, both of which were sadly lacking during the early history of the excess profits tax, but it would also introduce an element of long-range fiscal planning which has not been a conspicuous feature of federal finances up to this time.
个人所得税 税务审核流程

个人所得税 税务审核流程

个人所得税税务审核流程英文回答：Personal Income Tax Audit Process.The personal income tax audit process is a review of an individual's tax return by the tax authority. The purpose of an audit is to ensure that the taxpayer has reported their income and deductions accurately and has paid the correct amount of tax.There are two main types of audits:Field audits: These audits are conducted at the taxpayer's home or business.Office audits: These audits are conducted at the tax authority's office.The tax authority typically selects returns for auditbased on a number of factors, including:The taxpayer's income level.The complexity of the taxpayer's return.The taxpayer's history of compliance with tax laws.The audit process typically involves the following steps:1. The tax authority sends the taxpayer a letter notifying them that they have been selected for an audit.2. The taxpayer gathers the necessary documents and records.3. The taxpayer meets with the auditor to discuss the audit findings.4. The auditor makes a determination as to whether the taxpayer owes additional tax.5. The taxpayer has the right to appeal the auditor's decision.The audit process can be stressful, but it is important to remember that the tax authority is only trying to ensure that the taxpayer has paid the correct amount of tax. By cooperating with the auditor and providing all of the necessary documents and records, the taxpayer can help to ensure that the audit is completed quickly and efficiently.How to Prepare for an Audit.If you have been selected for an audit, there are a few things you can do to prepare:Gather all of the necessary documents and records. This includes your tax return, W-2s, 1099s, and any other documents that support your deductions and credits.Review your tax return carefully. Make sure that all of the information is accurate and complete.Be prepared to discuss your tax return with the auditor. Be prepared to explain any deductions or credits that you have claimed.If you are not comfortable dealing with the auditor on your own, you can hire a tax professional to represent you.中文回答：个人所得税税务审核流程。

税务相关英文单词

税务相关英文单词

TAX营业税： business tax or turnover tax消费税： excise tax or consumption tax增值税： value added tax关税： custom duty印花税： stamp tax土地增值税： land appreciation tax or increment tax on land value个人所得税： individual income tax企业所得税： income tax on corporate business外商投资企业所得税： income tax on foreign investment enterprises城市维护建设税： city maintenance construction tax资源税： resource tax房产税： house property tax土地使用税： land use tax车船使用税： operation tax of vehicle and ship耕地占用税： farmland use tax教育费附加： extra charges of education fundsState Administration for Taxation国家税务总局Yangzhou Taxation Training College of State Administration of Taxation国家税务总局扬州税务进修学院Local Taxation bureau地方税务局外汇管理局： Foreign Exchange Control Board海关： customs财政局： finance bureau统计局： Statistics Bureau工商行政管理局：Administration of Industry and Commerce出入境检验检疫局：Administration for EntryExitInspection andQuarantine中国证监会： China Securities Regulatory Commission (CSRS)劳动和社会保障部： Ministry of Labour and Social Securitytax returns filing纳税申报tax payable应交税金the assessable period for tax payment the timing of tax liability arising纳税期限纳税义务发生时间consolidate reporting合并申报the local competent tax authority当地主管税务机关the outbound business activity外出经营活动Tax Inspection Report纳税检查报告tax avoidance逃税tax evasion 避税tax base税基refund after collection先征后退withhold and remit tax代扣代缴collect and remit tax代收代缴income from authors remuneration稿酬所得income from remuneration for personal service劳务报酬所得income from lease of property财产租赁所得income from transfer of property财产转让所得contingent income 偶然所得resident居民non-resident非居民tax year纳税年度temporary trips out of临时离境flat rate比例税率withholding income tax预提税withholding at source源泉扣缴State Treasury国库tax preference税收优惠the first profit-making year第一个获利年度refund of the income tax paid on the reinvested amount再投资退税export-oriented enterprise出口型企业technologically advanced enterprise先进技术企业Special Economic Zone经济特区accept受理accounting software会计核算软件affix盖章application letter申请报告apply for reimbursement申请退税apply for a hearing申请听证apply for nullifying the tax registration税务登记注销apply for reimbursement of tax payment申请退税ask for征求audit审核author ’s remuneration 稿酬；稿费averment 申辩bill/voucher票证bulletin公告bulletin board公告牌business ID number企业代码business license营业执照call one ’s number 叫号carry out/enforce/implement执行check核对check on the cancellation of the tax return注销税务登记核查checking the tax returns审核申报表city property tax城市房地产税company-owned 公司自有的conduct an investigation/investigate调查construction contract建筑工程合同 ]cconsult; consultation咨询 <consulting service/advisory service咨询服务contact联系contract承包copy 复印；副本deduct扣除delay in filing tax returns延期申报（缴纳）税款describe/explain说明document 文件；资料examine and approve审批extend the deadline for filing tax returns延期税务申报feedback反馈file tax returns(online)（网上）纳税申报fill out/in填写foreign-owned enterprise外资企业hearing听证ID(identification)工作证 `Identical with the original与原件一样IIT(Individual income tax)个人所得税Implementation稽查执行income 收入；所得inform/tell告诉information desk咨询台inspect稽查inspection notice稽查通知书instructions使用说明invoice book(purchase)发票购领本invoice发票invoice tax control machine发票税控机legal person法人代表letter of settlement for tax inspection稽查处理决定书list 清单local tax for education教育地方附加费lunch breakmake a supplementary payment补缴make one’s debut in handling tax affairs初次办理涉税事项manuscript底稿materials of proof举证材料material资料modify修改modify one ’s tax return税务变更登记Nanjing Local Taxation Bureau南京市地方税务局Notice告知nullify注销office building办公楼office stationery办公用品on-the-spot service上门服务on-the-spot tax inspection上门稽查opinion意见original value原值pay an overdue tax bill补缴税款pay 缴纳penalty处罚penalty fee for overdue payment滞纳金penalty fee罚款personal contact面谈post/mail/send sth by mail邮寄procedure/formality手续proof material to backup tax returns税收举证资料purchase 购领real estate房产receipt回执 ; 反馈单record记录reference number顺序号register outward business administration外出经营登记relevant materials of proof举证资料rent 出租reply/answer答复sell and pay foreign exchange售付汇service trade服务业settlement 处理settle结算show/present出示special invoice books of service trade服务业发票stamp 公章submit a written application letter提供书面申请报告supervision hotline监督电话tax inspection bureau稽查局tax inspection permit税务检查证tax inspection税务稽查tax law税法tax officer办税人tax payable/tax applicable应缴税tax payment assessment纳税评估tax payment receipt完税凭证tax payment税款tax rate税率tax reduction or exemption减免税tax registration number纳税登记号tax registration certificate税务登记证tax registration税务登记tax related documents涉税资料tax return/tax bill税单tax return forms and the acknowledgement of receipt申报表回执tax returns纳税申报表tax voucher凭证the accounting software会计核算软件the acknowledgement of receipt送达回证the application for an income refund收入退还清单the author ’s remuneration稿费the business ID number企业代码the certificate for outward business administration外出经营管理证明the certificate for exchange of invoice换票证the deadline规定期限the inspection statement/report检查底稿the legal person法人代表the letter of statement and averment陈述申辩书the online web address for filling tax returns纳税申报网络地址the penalty fee for the overdue tax payment税款滞纳金the penalty notice处罚告知书the real estate房产the registration number of the tax returns纳税登记号the special invoice of service trade服务业专用发票the special nationwide special invoice stamp发票专用章the special nationwide invoice stamp发票专用章the State Administration of Taxation国家税务局supervision of taxation税收监督tax inspection department税务稽查局tax inspection permit税务检查证tax officer办税人员tax return form纳税申报表格tax voucher application for the sale and purchase of foreign exchange售付汇税务凭证申请审批表the use of invoice发票使用trading contract购销合同transportation business运输业under the rate on value method从价urban house-land tax城市房地产税VAT(value-added tax, value added tax)增值税Written application letter书面申请报告。

税务专业英语常用词汇整理

税务专业英语常用词汇整理

税务专业英语常用词汇整理随着全球经济的发展和国际贸易的增加，税务专业英语的重要性日益凸显。

无论是从事税务工作的专业人士，还是对税务有兴趣的学习者，掌握一些常用的税务专业英语词汇是必不可少的。

本文将整理一些常用的税务专业英语词汇，帮助读者更好地理解和运用。

一、税收类型(Types of Taxes)1. Income Tax - 所得税2. Value Added Tax (VAT) - 增值税3. Corporate Tax - 企业所得税4. Sales Tax - 销售税5. Property Tax - 房产税6. Excise Tax - 特别消费税7. Customs Duty - 关税8. Gift Tax - 赠与税9. Inheritance Tax - 遗产税10. Payroll Tax - 工资税二、税务部门(Tax Authorities)1. Tax Administration - 税务管理机构2. Internal Revenue Service (IRS) - 美国国内税务局3. Her Majesty's Revenue and Customs (HMRC) - 英国国家税务和海关总署4. State Tax Department - 州税务部门5. Tax Inspectorate - 税务检查机构6. Tax Court - 税务法院三、纳税申报(Tax Filing)1. Tax Return - 纳税申报表2. Taxpayer Identification Number (TIN) - 纳税人识别号3. Taxable Income - 应税收入4. Deductions - 扣除项5. Tax Exemptions - 免税额6. Tax Refund - 税款退还7. Tax Evasion - 逃税8. Tax Avoidance - 避税四、税务审计(Tax Auditing)1. Tax Audit - 税务审计2. Audit Trail - 审计轨迹3. Tax Compliance - 税务合规4. Taxpayer's Rights - 纳税人权益5. Tax Assessment - 税务评估6. Tax Penalty - 税务罚款7. Tax Fraud - 税务欺诈五、国际税务(International Taxation)1. Double Taxation - 双重征税2. Tax Treaty - 税收协定3. Transfer Pricing - 转让定价4. Base Erosion and Profit Shifting (BEPS) - 基地侵蚀和利润转移5. Controlled Foreign Corporation (CFC) - 受控外国公司6. Permanent Establishment (PE) - 永久机构7. Thin Capitalization - 薄资本化六、税务报告(Tax Reporting)1. Financial Statements - 财务报表2. Tax Provision - 税务准备3. Taxable Year - 纳税年度4. Taxable Period - 纳税期间5. Taxable Event - 应税事件6. Withholding Tax - 预扣税7. Taxable Gain - 应税收益8. Tax Loss - 税务损失七、税务筹划(Tax Planning)1. Tax Incentives - 税收激励措施2. Tax Credits - 税收抵免3. Tax Shelters - 避税港4. Offshore Tax Planning - 离岸税务筹划5. Tax Optimization - 税务优化6. Tax Haven - 避税天堂八、税务法律(Tax Laws)1. Tax Code - 税法典2. Tax Regulations - 税法规定3. Tax Treaties - 税收协定4. Tax Court Rulings - 税务法院裁决5. Tax Dispute Resolution - 税务争议解决结语：以上是一些常用的税务专业英语词汇，涵盖了税收类型、税务部门、纳税申报、税务审计、国际税务、税务报告、税务筹划和税务法律等方面。