Should the profits of subsidiaries be turned over to the parent company?

At the end of the year, the wholly-owned subsidiary will hand over the total annual profit to the parent company, which will pay corporate income tax, value-added tax, urban construction tax, education tax surcharge and other taxes and fees. If the income tax rate applicable to the investor's enterprise is higher than that applicable to the invested enterprise, in addition to the regular preferential tax reduction and exemption stipulated by national tax laws and regulations, the investment income obtained shall be restored as pre-tax income according to regulations, incorporated into the taxable income of the investment enterprise, and the enterprise income tax shall be paid back according to law.