Payable enterprise income tax = current taxable income * applicable tax rate
Taxable income = total income-deductible item amount
The tax rate of enterprise income tax is the legal tax rate for calculating the taxable amount of enterprise income tax. According to the Provisional Regulations of People's Republic of China (PRC) on Enterprise Income Tax, the new
Where a non-resident enterprise establishes an institution or place in China, it shall pay enterprise income tax on the income obtained by its institution or place from China and the income generated outside China but actually related to its institution or place.
Small and low-profit enterprises that meet the requirements shall be subject to enterprise income tax at a reduced rate of 20%.
Extended data:
When calculating taxable income, the following expenses shall not be deducted:
(1) Capital expenditure. Refers to the taxpayer's purchase and construction of fixed assets and foreign investment. The capital expenditure of an enterprise shall not be deducted directly before tax, but shall be amortized gradually through depreciation.
(2) Expenditure on intangible assets transfer and development. Refers to the taxpayer's expenditure on purchasing intangible assets and developing intangible assets. Expenditure on the transfer and development of intangible assets shall not be deducted directly, but shall be amortized in installments during the benefit period.
(3) Asset impairment reserve. The provision for impairment of fixed assets and intangible assets is not allowed to be deducted before tax; The provision for impairment of other assets shall not be deducted before tax before it is converted into a major loss.
(four) illegal business fines and confiscation of property losses. Taxpayers violate national laws. Laws and regulations, the relevant departments of fines and confiscation of property losses shall not be deducted.
5] Late fees, fines and penalties for various taxes. Late payment fees and fines imposed by tax authorities, fines imposed by judicial departments, and fines other than the above shall not be deducted before tax.
(6) Compensation for losses caused by natural disasters or accidents. If a taxpayer suffers from natural disasters or accidents, the compensation paid by the insurance company shall not be deducted before tax.
(seven) public welfare and relief donations, as well as non-public welfare and relief donations, which exceed the amount allowed by the state to be deducted. Donations made by taxpayers for non-public welfare and relief purposes, as well as donations exceeding 12% of the total annual profit, are not allowed to be deducted.
Various sponsorship fees.
(9) Other expenses unrelated to income.
Baidu Encyclopedia-Enterprise Income Tax