兩稅合一會計處理準則與相關建議

Near the end of 1997 our Income Tax Act was substantially amended to adopt
the tax integration system, which was put into effect from the beginning of 1998.
The new tax system allows the business income taxes paid by businesses to be
deducted against the shareholders’ individual income tax liabilities. However,
unlike most other countries that adopted tax integration systems, our new Tax Act
imposes an additional 10% tax on earnings retained after the implementation of tax
integration. It has been widely argued that the additional tax makes our tax system
extremely complicated, and will have adverse impact on company's accounting and
tax compliance cost. This paper uses various series of accounting illustrations to
explain how the accounting and tax treatments should change to adapt to the new tax
laws and regulations. This paper also proposes suggestions regarding how the tax
laws could be refined to improve our tax integration systems.