The total income of an enterprise in each tax year

Taxable income is the total income of an enterprise in each tax year, after deducting non-taxable income, tax-free income, various deductions and losses allowed to make up in previous years.

The taxable income of an enterprise multiplied by the applicable tax rate, after deducting the tax reduced or credited according to the preferential tax provisions of this Law, is the payable income tax.

enterprise

Calculation of income tax prepayment and final settlement

(1) Calculation and collection method: annual levy, installment payment, year-end final settlement and payment, and the method of refunding more and paying less.

(2) Calculation method of monthly (quarterly) advance income tax.

When taxpayers pay income tax in advance, they should pay in advance according to the actual taxable income within the tax payment period; If it is difficult to pay in advance according to the actual amount, the income tax can be paid in advance according to112 or 1/4 of the taxable income of the previous year, or by other methods recognized by the local tax authorities. The calculation formula is:

Income tax payable = monthly (quarterly) taxable income × 25%

Or = taxable income of the previous year ×112 (or 1/4)×25%.

(3) Calculation method of year-end income tax.

Annual income tax payable = annual taxable income ×25%

Overpayment and underpayment of income tax = annual income tax payable-monthly (quarterly) advance income tax.

Enterprise income tax is calculated in RMB. If the income is in foreign currency, it shall be converted into RMB according to the foreign exchange quotation published by the State Administration of Foreign Exchange.

Deduction of overseas income tax

Taxpayers' income from sources outside China and the income tax actually paid abroad are allowed to be deducted from their taxable amount at the time of consolidated tax payment, but the credit limit shall not exceed the taxable amount of their overseas income calculated according to the enterprise income tax regulations of China.

The calculation process of income tax is as follows:

(1) Determine the income tax actually paid by overseas income A..

The range of deductible foreign taxes must be the income tax actually paid by taxpayers abroad on their income from abroad, excluding tax reduction and exemption, compensation after tax payment or taxes borne by others instead.

(2) Calculate the total taxable amount of domestic and overseas income.

According to the relevant provisions of the current annual tax return of enterprise income tax, the after-tax investment income obtained from overseas should be deducted and included in the total taxable income of the enterprise, and the total taxable income should be calculated together.

When calculating the total taxable income of domestic and overseas income, it should be noted that the profits and losses between overseas businesses of enterprises can make up for each other, but the profits and losses between domestic and overseas enterprises cannot make up for each other.

(3) calculate the tax credit limit m

The tax credit limit should be calculated by country (region), not by project. The calculation formula is:

Tax credit limit = the sum of taxable income of domestic and foreign income calculated according to tax law × the sum of income of a certain country/domestic and foreign income.

(4) Compare M and M to determine the actual tax allowance: the former is small and deducted according to the actual amount; If the former is large, credit will be granted according to the latter.

(5) Calculate the tax payable after the credit.

The tax payable after the credit; Total taxable amount of domestic and overseas income calculated according to tax law-actual tax credit

(6) Handling of the part exceeding the credit limit.

When the actual income tax paid by taxpayers from overseas sources is higher than the credit limit calculated according to the regulations, the excess part shall not be deducted in this year, nor shall it be classified as expenses, but the balance that does not exceed the limit may be deducted in future years, with a maximum period of five years.

(7) Income obtained by an enterprise from abroad can be deducted according to the proportion of overseas taxable income 16.5% without distinguishing between tax-free and non-tax items.

Calculation of taxable amount of after-tax profits distributed from invested units

If there are differences in the applicable tax rates of income tax between regions, the taxable amount of profits (dividends) obtained by taxpayers from other enterprises needs to be adjusted when calculating the enterprise income tax. The adjustment method is as follows:

(1) Income from tax-free investment:

A. If the investor's corporate income tax rate is lower than the after-tax income of the invested enterprise, the income tax will not be refunded.

B. If the income tax rates applicable to the investing enterprise and the invested enterprise are the same, no supplementary tax will be paid;

C although the investor enterprise and the invested enterprise are subject to the same income tax rate, if the actual tax rate of the invested enterprise is lower than that of the investor enterprise, the after-tax income obtained by the investor enterprise from the invested enterprise.

According to the current regulations, investors should first restore the divided investment income to taxable income (or pre-tax profit) and include it in the total income, and then deduct the tax-free investment income when calculating the taxable income.

(2) taxable investment income.

If the investor's corporate income tax rate is higher than that of the invested enterprise, according to the current regulations, when the investor enterprise returns the after-tax investment income, it will be written down as taxable income (or pre-tax profit), included in the total income, and the payable corporate income tax will be calculated. Then deduct the enterprise income tax paid by the invested enterprise. The calculation formula is:

① taxable income of the invested enterprise = after-tax income of the invested enterprise ÷( 1- applicable tax rate of the invested enterprise).

② Tax deduction of the investee: the taxable income of the investee× the applicable tax rate of the investee.

After-tax profits distributed by China enterprises from Sino-foreign joint ventures located in special economic zones, Pudong New Area, Economic and Technological Development Zone, coastal economic open zone and other specific areas approved by the State Council (excluding high-tech industrial development zones) shall be subject to the income tax rate of/kloc-0.5% or 24% for Sino-foreign joint ventures, and China enterprises shall calculate the supplementary tax according to regulations.

(3) Calculation of tax payable.

1) Scope of application of enterprise income tax: 6 cases, please pay attention to multiple-choice questions.

2) The approved collection methods include quota collection and approved taxable income rate collection, as well as other reasonable methods.

3) Basic requirements for approving collection: 5 points.

(4) the determination of the procedures and methods of the approved collection.

(1) By filling in the Appraisal Form of Enterprise Income Tax Collection Method, the taxpayer will apply and the tax authorities will examine and determine its collection method.

② If all five items in the appraisal form are qualified, enterprise income tax can be levied by taxpayers' self-declaration and tax authorities' audit collection; If one item is unqualified, enterprise income tax can be levied by means of approved collection. If the approved collection method is implemented, if one of the appraisal forms 1, 4 and 5 is unqualified, or the second and third items are unqualified, the enterprise income tax can be collected by fixed collection method; 2. If one of the three items is qualified and the other is unqualified, enterprise income tax can be levied by checking the taxable income rate.

(3) The competent tax authorities shall report the appraisal form to the tax authorities at the county (city, district) level. The tax authorities at the county (city, district) level shall, after receiving the appraisal form, examine and confirm them one by one in a timely manner in accordance with relevant regulations and requirements.

(4) The Appraisal Form of Enterprise Income Tax Collection Method is made in triplicate, one for the competent tax authorities and the county-level tax authorities respectively, and the other for taxpayers.

(5) Identification of approved collection methods

① Evaluation of enterprise income tax collection methods is conducted once a year, from 1 year to the end of March. When the new enterprise should be completed within 3 months after receiving the tax registration certificate.

(2) Once the method of enterprise income tax collection is determined, it may not be changed within a tax year unless there are special circumstances.

(3) The competent tax authorities shall, according to the characteristics of the taxpayer's industry, tax payment, financial management, accounting, profit level and other factors, combined with local actual conditions, and in accordance with the principles of fairness, justice and openness, classify and approve the taxable amount or taxable income rate on a household-by-household basis.

(4) Where the quota collection method is implemented, the competent tax authorities should investigate and study the relevant situation of taxpayers, queue up by classification, and carefully calculate. On this basis, the taxable income of taxpayers should be directly verified from the high level every year.

(6) The method for verifying the collection of taxable income rate.

Where the approved taxable income rate is levied, the formula for calculating the payable income tax is as follows:

Income tax payable = taxable income × applicable tax rate

Taxable income = total income × taxable income

Or: = cost ÷ (1-taxable income rate) × taxable income rate.

Note that there will be related multiple-choice questions.

(7) Measures for the administration of declaration and payment.

(1) In case of quota collection, the competent tax authorities will decompose the approved tax payable into months or quarters, and taxpayers will fill in the enterprise income tax return according to the monthly or quarterly approved tax payable, and make tax returns within the prescribed time limit.

(two) the implementation of the approved taxable income rate collection method, taxpayers can make tax returns in accordance with the provisions:

(3) Taxpayers who implement the approved collection method shall not enjoy the preferential policies of enterprise income tax.

The tax authorities should strengthen the inspection of taxpayers who implement the approved collection method.

⑤ Taxpayers who implement the approved collection method shall not enjoy the preferential policies of enterprise income tax.

Calculation method of taxable amount of liquidation income

The content of liquidation income has been mentioned earlier, and the specific calculation method is as follows:

(1) Liquidation gains and losses of all liquidated property = realized gains and losses of inventory+realized gains and losses of non-inventory+inventory gains of liquidated property.

(2) Net assets or surplus property = realized gains and losses of all liquidated property-unpaid wages and labor insurance premiums, etc. -liquidation expenses-unpaid taxes-outstanding debts-collection of creditor's rights loss income+repayment of liabilities.

(3) Liquidation income = net assets or surplus property-accumulated undistributed profits-balance of funds withdrawn after tax-enterprise capital reserve fund-surplus reserve fund+legal property appraisal surplus+property value accepted for donation-registered capital of the enterprise.

(4) Taxable amount of liquidation income = liquidation income × applicable tax rate

individual

The calculation process of personal income tax payable is as follows:

(1) Clarify the tax preference and whether there is tax-free income;

(two) determine the applicable tax items;

(3) Determine the taxable income according to the income; Be sure to pay attention to the problem of deduction;

(4) If the tax rate is progressive, the applicable tax rate and quick deduction shall be determined according to the taxable income;

(5) Calculation of tax payable: calculated according to the threshold standard of 3,500 yuan/month.

Excess progressive tax rate: tax payable = taxable income × applicable tax rate-quick deduction

Proportional tax rate: tax payable = taxable income × applicable tax rate.

(6) If there are tax incentives, pay attention to tax relief.