First of all, you should be clear that in the year before the completion and settlement of the development project, even if the final settlement is made at the end of each year, it is only prepaid. After the development project is completed and sold, the final enterprise income tax will be settled, and the prepaid enterprise income tax will be refunded more and replenished less.
According to the tax law, the purpose of adjusting the gross profit difference in the final accounts of completed projects is to prevent some enterprises from deliberately evading paying taxes without making final accounts. To put it bluntly, it is to collect taxes in advance.
Regarding the relationship with the verification report of completion settlement, it is mandatory for real estate development enterprises to submit the verification report of intermediary agencies at the end of each year. . .