According to the relevant regulations issued by State Taxation Administration of The People's Republic of China, People's Republic of China (PRC), small-scale low-profit enterprises refer to enterprises that meet the following conditions: 1) The taxable income in the previous tax year did not exceed 1 10,000 yuan; 2) Enterprises engaged in production and business activities; 3) Taxpayers should issue special invoices or electronic invoices according to law. For small and low-profit enterprises that meet the above conditions, enterprise income tax shall be paid in advance according to law. The time limit for prepayment declaration of income tax for small and meager profit enterprises is quarterly declaration, that is, prepayment declaration is required from the last day of the end of each quarter to the next quarter 15. The prepayment amount is 50% of the current taxable amount, that is, half of the current income tax is prepaid. Similarly, the actual tax payable should be settled at the end of the year. It should be noted that if the actual profit of small-scale low-profit enterprises is lower than their tax payable, they can apply for refund of the overpaid advance tax. In addition, if the enterprise omits or wrongly repays the tax amount when paying the income tax in advance, it can make corrections and declarations in time according to the actual situation.
What is the calculation method of income tax prepayment for small and meager profit enterprises? The calculation method of income tax prepayment for small-scale low-profit enterprises is: taxable income in the current period × applicable tax rate ×50%. Among them, the applicable tax rate is the tax rate stipulated by the local tax authorities.
The reporting period of income tax paid in advance by small and low-profit enterprises is from the last day of the end of each quarter to the next quarter 15, and 50% of the current taxable amount needs to be paid in advance. The prepayment calculation method is the taxable income of the current period × the applicable tax rate ×50%. Enterprises need to pay in advance according to the prescribed time and method, and make annual final settlement and payment according to the actual tax payable.
Legal basis:
Article 5 of the Enterprise Income Tax Law of People's Republic of China (PRC) refers to the total income of an enterprise in each tax year, after deducting non-taxable income, tax-free income, various deductions and allowed losses in previous years. Article 54 Enterprise income tax shall be paid in advance in monthly or quarterly installments. An enterprise shall, within 15 days after the end of the month or quarter, submit a tax return for prepaying enterprise income tax to the tax authorities and pay taxes in advance. The enterprise shall, within five months after the end of the year, submit the annual enterprise income tax return to the tax authorities for final settlement and settlement of the tax refund. When an enterprise submits an enterprise income tax return, it shall attach financial and accounting reports and other relevant materials in accordance with the regulations.