Memory tips for corporate income tax increases and decreases are as follows:

(1) The amount of employee welfare expenses incurred by the enterprise that does not exceed 14% of the total wages and salaries is allowed to be deducted.

(2) The amount of union funds allocated by the enterprise that does not exceed 2% of the total wages and salaries is allowed to be deducted.

(3) Unless otherwise stipulated by the financial and tax authorities of the State Council, the employee education expenditure incurred by the enterprise shall not exceed 8% of the total wages and salaries, and shall be allowed to be deducted; the excess shall be allowed to be deducted in the future. Deductions carried forward during the tax year.

(4) Social insurance premiums.

(5) Borrowing costs.

(6) Public welfare donations--the portion that does not exceed 12% of the total annual profits is allowed to be deducted when calculating taxable income. The excess amount will be allowed to be deducted when calculating taxable income within the next three years.

(7) Business entertainment expenses - 60% of the amount incurred shall be deducted, but the maximum shall not exceed 5‰ (five thousandths) of the sales (operating) income of the year.

(8) Advertising expenses and business promotion expenses--unless otherwise stipulated by the financial and taxation authorities of the State Council, the portion that does not exceed 15% of the sales (business) income of the current year is allowed to be deducted; the excess amount is allowed , allowing carryover deductions to subsequent tax years.

I believe everyone is confused when they see these. At this time, certain skills are required, which is to use formulas to memorize.

In order to help everyone master the relevant knowledge quickly and effortlessly, Teacher Sui Xin from Zhengbao Accounting Online School has organized the complex and difficult-to-remember knowledge above into the following table and compiled memory tips. Even candidates with no basic knowledge can master it in just one minute!