Company income refers to enterprise income. Enterprise income refers to the budget income formed by state-owned enterprises and institutions in the form of turned-over profits. Before 1986, the budget revenue and expenditure account used to be a category of budget revenue account, which mainly included: (1) profits and capital occupation fees (fixed capital occupation fees and circulating capital occupation fees) paid by state-owned enterprises; (2) Adjustment tax, contract fee and lease fee for profit form transformation; (three) the state budget to make up for the losses of enterprises and the negative benefits of financial price subsidies; (4) all kinds of income paid by institutions to the state budget and foreign service income of service enterprises and institutions affiliated to the foreign affairs department and overseas personnel. In different budget years, the specific scope of such income is not completely consistent.
Development history
Most of the profits realized by state-owned enterprises in China are turned over to the state in the form of "profits", except that some of them can be retained by enterprises according to state regulations. Enterprise income and taxes are listed as the two main sources of national fiscal revenue. The proportion of enterprise income in the national fiscal revenue ranged from 1959 to 1978, which was above 50% in most years, and reached 63.9% in 1960. Since 1978, enterprise fund system and profit retention system have been implemented one after another, and the part of profits left to enterprises has increased. Especially since 1983, the tax has been changed to profit tax, and income tax has been levied on state-owned enterprises. The profits originally turned over were turned over through tax channels, and the proportion of enterprise income in the national budget revenue dropped sharply, from 1985 to 1990, accounting for only about 2%.
After the two-step tax reform, the content of enterprise income has changed many times. For example, the contents stipulated in 199 1 mainly include: ① profits paid by enterprises that have not implemented tax reform, fixed capital occupation fee and working capital occupation fee; (two) the contract fees and rental fees paid by small industrial enterprises that implement the tax reform; (3) Profits turned over to the state budget by Chinese investors in Sino-foreign joint ventures; (4) according to the provisions of the state to sell and merge the property rights income of state-owned enterprises.