Total profit refers to the profit obtained by an enterprise after deducting various expenses, costs and financial expenses in a certain accounting period; Income tax expense refers to the tax amount calculated and paid by an enterprise according to the applicable tax laws and rates.
The tax rate is set by the local tax law and the government, and varies according to the total profit. Different countries and regions levy different income tax rates on enterprise profits, usually adopting a progressive or segmented tax rate structure. In addition, tax laws and tax rates may vary according to company type, industry, geographical location and other factors. In addition, enterprises may also enjoy certain tax relief or credit, which will affect the final calculation of income tax expenses.
Therefore, when calculating income tax expenses, enterprises need to accurately understand the applicable tax laws, tax rates and relevant regulations, and declare and pay according to the corresponding regulations. It is suggested to consult tax professionals or accounting firms in specific operations to ensure compliance with tax laws and accurate calculation of income tax expenses.
How to fill in enterprise income tax when the total profit is negative?
When the total profit is calculated, the enterprise income tax is not directly calculated, but the tax items are adjusted according to the provisions of the tax law. After adjustment, the enterprise should first make up for the loss of the previous year according to the adjusted amount of the calculated income tax. If there is a positive balance after making up, the enterprise income tax payable is calculated. The profit calculated by an enterprise is called accounting profit, which is different from the profit of tax law. Accounting profit is negative and may be positive after adjustment.