◎ Indeed contract works have been completed, are reported income for projects shall.
South IRS said that profit-seeking enterprise within the accounting period to determine whether the occurrence of income for projects shall have no charge recorded. Part of the construction industry who mistakenly contracted for projects already fully charged whether, as judged by its engineering revenues are reported when standard annual operating income, resulting in virtually completed part of the project because of money reasons delay, litigation has not been charged, and the project classified as construction in progress, resulting in underreporting of income circumstances.
Description council, the council Check 2012 annual business income tax cases found within the jurisdiction of a company's project revenue leakage current year completed the undeclared more than 700 million, a company described by the contractor of the project engineering retention monies controversial part of the project models not yet been charged, and therefore account listed under construction. Check out his contract, but only in the council of the project, found that the outsourcers and Company B has been completed acceptance, Company B has been completed and included in the current year project, in accordance with the provisions of accrual accounting and business income tax Check Standards 24, paragraph 3, of the Engineering revenue has been achieved should be presented operating income for 2012; because the company can not prompt the relevant books, vouchers for nuclear, industry profits are on the council approved standard back taxes and impose fines.
Reminded the council, profit-seeking enterprise contract works, such as acceptance has been completed, regardless of whether the project has received funds shall presentation of the annual revenue, profit-seeking enterprise income tax declaration, so as to avoid false negatives who were overdue tax penalties.
