Calculated and determined according to the taxable income multiplied by the applicable income tax rate. Expressed by the following formula:
1, current income tax = current taxable income x income tax rate.
2. Deferred income tax = increase in current deferred income tax liabilities+decrease in current deferred income tax assets-decrease in current deferred income tax liabilities-increase in current deferred income tax assets.
After determining the current income tax payable and deferred income tax, the income tax expense to be recognized in the income statement is the sum of the two, that is, income tax expense = current income tax+deferred income tax.
According to the topic: the operating profit is 800,000 yuan, and the net non-operating income is-50,000 yuan.
Therefore, taxable income = 800,000-50,000 = 750,000 yuan.
Furthermore, income tax expense = 750,000 * 25% =187,500 yuan.
Extended data:
The tax rate of enterprise income tax is the legal tax rate for calculating the taxable amount of enterprise income tax.
The income tax rate is 25%.
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%.
High-tech enterprises that need special support from the state shall be subject to enterprise income tax at a reduced rate of 15%.
Taiwan Province Province: The corporate income tax rate in Taiwan Province Province is 25%. After tax reduction, the median tax rate of local companies is 20%, while that of multinational companies is 18%.
Relief policy:
1, high-tech enterprises in high-tech industrial development zones approved by the State Council are subject to income tax at a reduced rate of 15%; Newly established high-tech enterprises shall be exempted from income tax for 2 years from the year of production.
2 rural industries that serve agricultural production before, during and after delivery, namely rural agricultural extension stations, plant protection stations, water pipe stations, forestry stations, animal husbandry and veterinary stations and aquatic products stations. Income from technical services or services provided by living stations, weather stations, farmers' professional technical associations and professional cooperatives.
3, and other types of urban institutions to carry out technical services or labor income temporarily exempt from income tax; Technical achievements transfer, technical training and technical consultation for scientific research units and colleges and universities serving various industries. Income from technical services and technical contracts is temporarily exempted from income tax.
4 newly established independent accounting enterprises or business units engaged in consulting (including consulting in science and technology, law, accounting, auditing, taxation, etc.). ), the information industry and technical service industry shall be exempted from income tax for 2 years from the date of opening.
5. Newly established independent accounting enterprises or business units engaged in transportation, post and telecommunications shall be exempted from income tax in the first year and levied income tax by half in the second year.
6. Newly established independent accountants are engaged in public utilities, commerce, materials industry, foreign trade industry, tourism, warehousing industry, residential service industry, catering industry, education and cultural undertakings. Enterprises or business units engaged in health undertakings may, with the approval of the competent tax authorities, reduce or exempt income tax for two years from the date of opening.
7. In addition to the products specified in the original design, the income from products produced by enterprises with the resources in the Catalogue of Comprehensive Utilization of Resources as the main raw materials in the production process, and the income from building materials products produced by enterprises using bulk coal gangue, slag and fly ash outside the enterprise as the main raw materials, shall be exempted from income tax for five years from the date of production and operation.
8. An enterprise established to treat and utilize the resources abandoned by other enterprises and listed in the comprehensive utilization catalogue of resources may, with the approval of the competent tax authorities, reduce or exempt income tax 1 year.
9. Newly-established enterprises in the "old, little, border and poor" areas designated by the state may be exempted or exempted from income tax for 3 years with the approval of the competent tax authorities.
10. Income from technology transfer, technical consultation, technical service and technical training related to technology transfer in enterprises and institutions, with an annual net income of less than 300,000 yuan, is temporarily exempted from income tax.
1 1. In case of serious natural disasters such as wind, fire, water and earthquake, with the approval of the competent tax authorities, income tax may be reduced or exempted 1 year.
12, newly established urban employment service enterprises, when urban unemployed people account for more than 60% of the total number of employees, can be exempted from income tax for 3 years after examination and approval by the competent tax authorities; After the expiration of the tax exemption period for labor employment service enterprises, if the newly placed unemployed persons account for more than 30% of the total number of original employees of the enterprise in that year, the income tax may be halved for 2 years upon examination and approval by the competent tax authorities.
12. The income from the production and operation of factories and farms run by universities, primary and secondary schools is temporarily exempted from income tax. Income from various advanced courses and training courses organized by institutions of higher learning and primary and secondary schools shall be temporarily exempted from income tax.
School-run enterprises that enjoy preferential tax treatment in institutions of higher learning and primary and secondary schools must be funded by the school itself, managed and operated by the school, and the operating income belongs to the school. The following enterprises shall not enjoy preferential tax treatment for school-run enterprises:
(1) transform the original tax-paying enterprise into a school-run enterprise;
(2) on the basis of the original school-run enterprise, the school absorbs the joint venture invested by other units;
(3) Joint ventures invested by the school to other units;
(four) enterprises jointly organized by schools and other enterprises, units and individuals;
(five) the school will sublet the school-run enterprises to enterprises operated by other units;
(6) The school contracts the school-run enterprises to individual enterprises. The scope of institutions of higher learning and primary and secondary schools that enjoy preferential tax policies is limited to general education schools organized by the education department, excluding RTVU, Polytechnic University, enterprise-run staff schools, private schools and other adult schools.
9. For welfare factories and streets organized by the civil affairs departments, social welfare production units with "four disabled" personnel accounting for more than 35% of the total number of production personnel who do not change production halfway are temporarily exempted from income tax; Where the placement of "four disabled" personnel accounts for more than 10% of the total number of production personnel, and does not reach 35%, the income tax will be levied by half.
10. Township enterprises can reduce the tax payable 10% to subsidize social expenses.
Baidu Encyclopedia-Enterprise Income Tax