How much is the income tax adjustment when the project cash flow in Liquan County?
Cash flow in project investment. The income tax is adjusted when the project cash flow in Liquan County is in the project investment cash flow. Income tax is only adjusted in the cash flow statement of project investment, and income tax is adjusted in the profit and profit distribution statement, project capital cash flow statement and financial plan cash flow statement. Adjusted income tax = earnings before interest and tax × income tax rate, earnings before interest and tax = total profit+interest expense. Income tax = income tax payable × income tax rate. If there is a loss in the previous year, the pre-tax profit of this year will be used to make up for the loss. Income tax adjustment base: EBIT = operating income-business tax and surcharges-total cost+subsidy income+interest income tax base = operating income-business tax and surcharges-total cost and surcharges+subsidy income-loss of the previous year.