1. What are other incomes in corporate income tax?

1. Other incomes in corporate income tax include:

(1) Corporate asset surplus income;< /p>

(2) Income from deposits for overdue packages;

(3) Accounts payable that cannot be repaid, etc.

2. Legal basis: Article 22 of the "Regulations on the Implementation of the Enterprise Income Tax Law of the People's Republic of China" stipulates that other income referred to in Item (9) of Article 6 of the Enterprise Income Tax Law is Refers to other income obtained by an enterprise in addition to the income stipulated in Items (1) to (8) of Article 6 of the Enterprise Income Tax Law, including income from enterprise asset surplus, income from deposits for overdue packages, and payables that cannot be repaid. Accounts receivable that have been recovered after handling bad debt losses, debt restructuring income, subsidy income, liquidated damages income, exchange gains, etc.

2. How to calculate corporate income tax

According to the regulations: corporate income tax is calculated on an annual basis and is prepaid monthly or quarterly. It is prepaid within 15 days after the end of the month or quarter: at the end of the year The final settlement will be made within the next 4 months, and the excess will be refunded and the less will be compensated. The formula for calculating the corporate income tax payable is: corporate income tax payable = taxable income × 25%.

According to regulations: When enterprises prepay income tax, they should prepay according to the actual amount during the tax period. If it is difficult to prepay according to the actual amount, they can pay one-twelfth of the taxable income of the previous year or One-quarter, or prepay income tax according to other methods recognized by the tax authorities. Accordingly, the calculation formula for prepaid corporate income tax is: monthly (quarterly) prepaid income tax = monthly (quarterly) taxable income × 33% or: monthly (quarterly) prepaid income tax = taxable income for the previous year ×1/12 (or 1/4) ×25%.

The corporate income tax payable by an enterprise should be paid in advance on a monthly (quarterly) basis. After the end of the year, it should be settled and paid within the prescribed period, and any excess will be refunded and any excess will be compensated. The calculation formula is: annual income tax payable = annual taxable income × 33%; final income tax payable (refund) = annual income tax payable – total prepaid income tax for each month (quarter).

3. What will happen if corporate income tax is not paid

1. Failure to pay is not malicious: Enterprises that are truly losing money do not need to pay. Enterprises that have long-term losses on their books and do not pay corporate income tax but are operating normally may attract tax attention. They may assess your income tax based on the income tax payment of enterprises in the same industry, and may conduct tax inspections.

2. Malicious non-payment: The tax authorities will order payment within a time limit and impose a daily late payment penalty of 0.5% of the overdue tax starting from the date of overdue tax payment. If a person is ordered to make corrections within a time limit but still fails to pay within the time limit, the tax authorities, in addition to taking enforcement measures in accordance with the law to recover the unpaid or underpaid taxes, may impose penalties of not less than 50% and five times of the unpaid or underpaid taxes. the following fines.