| Summary: | 碩士 === 國立臺灣大學 === 會計學系研究所 === 86 === This study uses many examples to demonstrate the accounting
of income tax integration which was adopted in Taiwan in 1998.
Most importantly, the study illustrates the accounting of long-
term investment in stocks under the new tax system, the most
complicated accounting issues never discussed in Taiwan.
The major viewpoints raised in the study are:
1.The statement of financial accounting standards NO.22 in ROC
should continue to be the authoritative principles of the
income tax accounting.
2.After implementation of tax integration, enterprises should
disclose five items related to the information about the
stockholders'' credit accounts.
3.Whether the accounting of liquidation dividends is treated
correctly has influence on stockholders'' credit rights.
Besides, the treatments of temporary investments changing from
and to long-term investment in stocks offer opportunities to
enterprises to manipulate the ratio of tax credit.
4.After implementation of tax integration, the capital gain of
selling the tax-deferred stock dividends obtained before 1997
should increase the balance of retained earnings. The
accounting treatments are indifferent between tax-deferred
stock dividends after 1998 and non-deferred stock dividends.
5.Except financial accounting, enterprises should calculate or
keep records of the unit costs of both temporary and long-term
investments in tax accounting under the tax integration. This
can avoid incorrectly calculating the tax base of retained
earnings.
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