(1) The so-called corporate income tax payers refer to all domestic-funded enterprises or other organizational forms that implement independent economic accounting in People's Republic of China (PRC) and China, including the following six categories: (1) state-owned enterprises; (2) Collective enterprises; (3) private enterprises; (4) Joint ventures; (5) Joint-stock enterprises; (6) Other organizational forms with production and operation income and other income. (2) Income tax collection methods are generally divided into the following two types: 1. Approved collection: pay income tax according to income. The calculation formula is: income tax payable = total income x approved fixed proportion x income tax rate; 2. Audit and collection: pay income tax according to profits. The calculation formula is: income tax payable = total profit x income tax rate; 3. Income tax rate: (1) The general enterprise income tax rate is 25%; (2) The enterprise income tax shall be levied at a reduced rate of 20% for qualified small-scale enterprises with low profits; (3) High-tech enterprises that the state needs to support are subject to enterprise income tax at a reduced rate of 15%. (3) Income tax is calculated as follows. 1. If the income tax of your company is approved, the income tax payable = income excluding tax x approved tax rate x income tax rate = 1000X approved tax rate x 25%; 2. If your company adopts audit collection method, the income tax payable = total profit x income tax rate; = (income excluding tax-cost excluding tax-tax-management, sales and financial expenses) x25%.

legal ground

People's Republic of China (PRC) enterprise income tax law

Article 5 Taxable income refers to the total income of an enterprise in each tax year, the balance 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.

skill

The above answer is only for the current information combined with my understanding of the law, please refer carefully!

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