Corporate income tax refers to the tax paid by an enterprise in accordance with the provisions of national tax laws and based on the actual tax payable on the enterprise's profit income. It is generally calculated using a deferred tax system.

The proportion of corporate income tax payment is determined based on factors such as the enterprise’s industry type, profit amount, and location. Generally speaking, the corporate income tax rate is divided into two levels, namely 15% and 25%, of which 15% is applicable to small-scale taxpayers with annual taxable income not exceeding 1 million yuan, while 25% is applicable to annual tax payable General taxpayers whose income exceeds RMB 1 million.

In addition to corporate income tax, enterprises must also pay other taxes in accordance with national regulations, such as value-added tax, personal income tax, stamp duty, etc. When paying taxes, enterprises need to understand the specific tax policies and tax regulations, pay taxes according to regulations, and ensure that tax payments are legal and compliant.

Corporate income tax is one of the taxes that companies must pay, and it has an important impact on both business operations and the level of national tax revenue. Especially with the development of the economy and the continuous improvement of tax laws, corporate income tax rates and tax policies are constantly updated and adjusted. Enterprises need to understand and adapt to these changes in a timely manner, reasonably plan corporate tax strategies, and reduce tax burdens as much as possible. At the same time, they also need to conscientiously perform their tax obligations to ensure timely and accurate payment of taxes.

Legal basis:

Article 43 of the "Enterprise Income Tax Law Implementation Regulations" stipulates that business entertainment expenses incurred by an enterprise related to production and business activities shall be calculated at 60% of the amount incurred. % deduction, but the maximum shall not exceed 5‰ of the current year’s sales (operating) income