There are two ways to collect corporate income tax, one is audit collection and the other is verification collection.
1. Audit collection: It is calculated and paid according to the "actual profit amount" and the applicable tax rate, and the actual profit amount = total profit - the amount of losses to be made up in previous years - non-taxable income - tax-free income. Among them: total profit = operating income - operating costs - business taxes and surcharges - administrative expenses - sales expenses - financial expenses, other business profits, non-operating income and expenses, investment income.
2. Approved collection: Calculated and paid based on sales (business) income *approved income rate *applicable tax rate. Among them: sales (operating) income includes: taxable sales, other business income and deemed sales. The approved income rate is set in advance by the competent tax authorities according to different industries (generally the range is between 5-30, but the specific range is between 50 and 30). The company shall calculate based on the income rate determined by the competent tax authority, and the applicable tax rate of 25 shall not apply to the tax rate of 20).
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