Separation of accounting and tax leads to permanentdifference and timing difference;
财务与税收的分离导致了永久性差异和时间性差异的产生;
2
The profit for taxes purposes may differ from the profit shown by the financial statements. Such a difference may be categorized as permanentdifference and temporary difference.
There is permanentdifference and timing difference between pre-tax accounting profits and income after tax because of the calculating caliber and temporal difference between them.