Chapter Tax Accounting.docVIP

Chapter 2 Tax Accounting ? 　　Now let’s come to Section 2　　Accounting for Income Taxes　　Section 2 Part 1 　　Background and Definitions of Key Terms　　IAS means international accounting standard .The principal issue in accounting for income taxes is how to account for the current and future tax consequences of　　1.The future recovery of the carrying amount of assets （liabilities） that are recognized in an entity’s statement of financial position.　　2.Transactions and other events of the current period that are recognized in an entity’s financial statements.　　Income taxes include all domestic and foreign taxes which are based on taxable profits. Income taxes also include taxes, such as withholding taxes, which are payable by a subsidiary, associate or joint venture on distributions to the reporting entity.　　The tax base of an asset is the amount that will be deductible against any taxable economic benefits that will flow to an entity when it recovers the carrying amount of the asset. The tax base of a liability is its carrying amount, less any amount that will be deductible in respect of that liability in future periods.　　Language Points　　1. If it is probable that recovery or settlement of that carrying amount will make future tax payments larger （smaller） than they would be if such recovery or settlement were to have no tax consequences, this Standard requires an entity to recognize a deferred tax liability （deferred tax asset） with certain limited exceptions.　　除了规定中可不确认递延所得税负债或递延所得税资产的情况以外，如果与在没有所得税影响的情况下相比，（资产或负债的）账面价值的收回或清偿会导致未来期间应交所得税增加或减少，则本准则要求企业确认相关的递延所得税负债或递延所得税资产。　　2. Taxable temporary differences, which are temporary differences that will result in taxable amounts in determining taxable profit （tax loss） of future periods when the carrying amount of the asset or liability is recovered or settled;　　应纳税暂时性差异，是指在确定未来收回资产或清偿负债期间的应纳税所得额时，将导致产生应纳税金额的暂时性差异。　　3. Deductible temporary differences, which are temporary differences that will result in amoun