1. In most countries, enterprise income tax is levied according to a certain proportion of the company's taxable income. Taxable income is the net amount of the company's total income MINUS the allowable deduction in a certain period of time. The corporate income tax rates vary from country to country, generally ranging from 10% to 30%.
In addition to enterprise income tax, companies also need to pay other taxes, such as value-added tax, consumption tax and customs duties. The calculation methods and tax rates of these taxes also vary from country to country.
3. Taking China as an example, the calculation formula of enterprise income tax is: taxable income = total income-deductible item amount. Taxable income = total profit+tax adjustment increase-tax adjustment decrease. Taxable amount = taxable income tax rate. Monthly advance payment = 25% of monthly taxable income. Monthly taxable income = taxable income of the previous year *112. Taxpayers of enterprise income tax include all kinds of enterprises, institutions, social organizations, private non-enterprise units and other organizations engaged in business activities. A sole proprietorship enterprise or partnership enterprise is not a corporate income tax payer.
Matters needing attention in enterprise tax calculation are as follows:
1. Comply with tax laws and policies to ensure the accuracy and legality of tax calculation.
2. Pay attention to preferential tax policies and relief measures, so as to enjoy preferential tax and reduce the tax burden.
3. Establish and improve the internal control system to prevent tax risks and fraud.
4. Keep good communication and cooperation with tax authorities, so as to understand tax requirements and solve tax problems in time.
To sum up, the advantage of corporate taxation is that it can help companies plan tax arrangements reasonably, reduce tax burden and improve economic benefits. At the same time, tax calculation is also helpful to improve the financial management level and compliance of the company and reduce tax risks and disputes.
Legal basis:
People's Republic of China (PRC) tax collection management law
Article 25
Taxpayers must truthfully file tax returns in accordance with the time limit and content specified by laws and administrative regulations or determined by tax authorities in accordance with the provisions of laws and administrative regulations, and submit tax returns, financial and accounting statements and other tax payment materials required by tax authorities according to actual needs. Withholding agents must truthfully submit the tax withholding and collection report form and other relevant materials required by the tax authorities according to the actual needs in accordance with the time limit and contents of the declaration stipulated by laws and administrative regulations or determined by the tax authorities.