What Are The Tax Bases Of Assets?

Assets Taxation Basis refers to the amount deducted from the economic benefits of the tax payable according to the tax law when the enterprise recoveries the book value of the assets, that is, the amount deducted before an asset is taxed in the future period. From the point of view of Taxation, the tax base of assets is assumed that the amount of assets provided in the balance sheet provided by an enterprise in accordance with the provisions of the tax law should be assumed. The tax base of the asset accounting basis is equivalent to the future taxable income.

The enterprise shall calculate and determine the tax base of assets in accordance with the applicable tax laws and regulations. For example, the tax base of fixed assets and intangible assets can be determined as follows:

(1) fixed assets

In the subsequent measurement of fixed assets during holding period, the basic accounting measurement mode is "cost accumulated depreciation, fixed assets depreciation reserve", and the basic measurement mode of taxation is "cost one accumulated depreciation calculated according to the tax law". The difference between accounting and tax treatment mainly comes from depreciation methods, depreciation years and fixed assets depreciation reserves.

(two) intangible assets

Except for intangible assets formed by internal research and development, in other ways Obtain Intangible Assets There is no difference between the value of entry and the cost stipulated by the tax law.

In the subsequent measurement of intangible assets, the difference between accounting and taxation arises mainly from the calculation of whether the intangible assets need to be amortized and the impairment of intangible assets be prepared.

1. for the intangible assets formed by the internal research and development, the accounting standards stipulate that the research and development expenditure should be divided into two stages. The expenditures in the research stage should be included in the profits and losses of the current period, while the expenditures that meet the capitalization conditions in the development stage should be included in the cost of the intangible assets formed. For the deduction of research and development expenses, the tax law stipulates that the cost of research and development for the development of new technologies, new products and new technologies is not included in the tax law. If the intangible assets are not included in the profits and losses of the current period, it will be deducted from 50% of the research and development expenses on the basis of the actual deduction on the basis of the regulations, and the intangible assets will be amortized according to the 150% cost of intangible assets.

For the intangible assets formed by the internal research and development, in general, the cost determined by the accounting standards should be the same as the tax base when initially recognized. For the research and development expenditure that enjoys tax preferences, when the intangible assets are formed, the cost determined according to the accounting standards shall be the expenditure that occurs before the capitalization conditions reach the intended purpose in the course of research and development. And the tax law stipulates that the tax base should be added to 50% on the basis of the accounting personal value based on the 150% amortization of the intangible assets cost, resulting in the difference between the book value and the tax base at the initial confirmation, but if the recognition of the intangible assets does not arise from the merger transaction, and at the same time, when confirmation does not affect the accounting interest nor affect the taxable income, the income tax effect of the temporary difference is not recognized according to the provisions of the income tax accounting standards.

2. in the subsequent measurement of intangible assets, the difference between accounting and taxation arises mainly from the calculation of whether the intangible assets need to be amortized and the impairment of intangible assets be prepared.