Tax late fees shall not be deducted before tax.
Article 10 of the Enterprise Income Tax Law of People's Republic of China (PRC) stipulates:
When calculating taxable income, the following expenses shall not be deducted:
(1) Dividends, bonuses and other equity investment income paid to investors;
(2) enterprise income tax;
(3) tax late fees;
(four) fines, fines and confiscation of property losses;
(5) Donation expenditures other than those specified in Article 9 of this Law;
(6) sponsorship expenditure;
(7) Unapproved reserve expenditure;
(eight) other expenses unrelated to income.
The above is about whether the tax late fee can be deducted before tax. Pay attention to accounting net for more information.
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