Is the operating income tax included in the income statement?

Operating income = main business income + other business income.

Entries recognized by revenue can be separated from value and tax.

Borrow: Bank deposit.

Credit: main business income.

Tax Payable – VAT Payable – Output Tax.

The first column of the income statement is the operating income for the current period.

Operating profit is equal to operating income minus operating costs, business taxes and surcharges, expenses for the three major periods, asset impairment losses, fair value gains and losses, and investment income.

Operating income includes the total inflow of economic benefits formed by an enterprise in the course of its daily business operations, such as selling goods, providing labor services, and transferring the right to use assets. It is divided into main business income and other business income.

The operating income in the income statement is income excluding tax, which is separated from VAT.

Operating income = main business income + other business income.

or Operating income = product sales volume (or service volume) Product unit price (or service unit price).

The sales revenue of the main and by-products (or different grades of products) should be fully included in the operating income; Income from different types of services provided should also be included in operating income.

Operating income includes main business income and other business income. The main business income refers to the income generated by the recurring and main business of the enterprise. For example, the income from the sale of products, semi-finished products and the provision of industrial labor services in the manufacturing industry; the income from the sale of commodities by commodity circulation enterprises; Ticket revenue, customer income, operating income, catering income, etc. in the tourism service industry.

The main business income accounts for a large proportion of the company's income, and it has a decisive impact on the economic benefits of the enterprise.

Other business income refers to business income other than the above-mentioned main business income. Including material sales, purchased goods sales, waste materials sales, scrap sales, labor operation income, real estate development income, consulting income, guarantee income and other business income. Other business income accounts for a smaller proportion of the company's revenue.

Significance. 1. Operating income is the capital of the enterprise to compensate for the cost of production and operation.

The realization of operating income is related to the normal progress of the enterprise's production activities, and strengthening the management of operating income can make the various expenses of the enterprise be reasonably compensated, which is conducive to the smooth progress of reproduction activities.

2. Operating income is the main business achievement of the enterprise and an important guarantee for the enterprise to obtain profits.

Strengthening the management of operating income is one of the important means to achieve the financial goals of enterprises.

3. Operating income is an important part of the cash inflow of an enterprise.

Strengthening the management of operating income can prompt enterprises to conduct in-depth research and understand the changes in market demand, so as to make correct business decisions and avoid blind production, which can improve the quality of enterprises and enhance their competitiveness.

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Operating income in the income statement, excluding VAT.

Value-added tax is an off-price tax, relative to the general taxpayers, from the beginning of the purchase of raw materials, the amount and the amount of tax are separated, the sales of goods are also the same, as the main business income of the sales itself does not include VAT, so in the calculation of operating profits, the operating income does not include value-added tax, and as a reduction of the "business tax and surcharge", it is only a surcharge.

Business tax is reflected in the income statement. (Note: The business tax was abolished in 2017 after the full conversion to VAT).

The original principal business tax and surcharge in the income statement include business tax.

Cai Hui [2016] No. 22 stipulates that after the comprehensive trial implementation of "business tax to value-added tax", "business tax and surcharges".

The account name is adjusted to the "Tax & Surcharge" account.

This account accounts for the consumption tax, urban maintenance and construction tax, resource tax, education surcharge and real estate tax incurred by the business activities of enterprises.

Land use tax, vehicle and vessel use tax.

Stamp duty and other related taxes and fees; The item "Business Tax and Surcharge" in the income statement is adjusted to the item "Tax and Surcharge". Before May 1, 2016, the "four small taxes" (real estate tax, land use tax, and vehicle and vessel tax) were charged in the "management of bright expenses" account.

stamp duty) after May 1, 2016 to the "Tax and Surcharge" account.

Hello, the main business tax and surcharge in the income statement include business tax.

The business tax and surcharge account is a profit and loss account, which is used to calculate the taxes and surcharges payable by small enterprises for their daily main economic activities, including business tax, consumption tax, urban maintenance and construction tax, resource tax, land appreciation tax, education surcharge and local education surcharge. These taxes and surcharges are generally calculated according to the sales volume or tax amount of the current month, calculated according to the prescribed tax rate, and paid at the beginning of the next month. It is calculated as follows:

Excise tax = sales of taxable consumer goods * excise tax rate.

Urban construction tax amount = (current business tax + consumption tax + VAT payable) * urban maintenance and construction tax rate.

Education Surcharge = (Current Business Tax + Consumption Tax + Amount Payable for Closing Value Tax on Additional Sales) * Additional Tax Rate on Education Fees.

Local education surcharge = (VAT + consumption tax + business tax) 2% not named Mingde.

Tax filing is not exactly based on the business income on the income statement.

Conventional Taxes and Tax Rates for Enterprise Tourism:

1. Value-added tax shall be calculated and declared according to the operating income on the income statement (the tax rate for small-scale taxpayers is 3%, and the tax rate for general taxpayers is 17%-6%); or business tax, calculated and declared according to the operating income on the income statement (tax rate 3%-20%)

2. The applicable tax rate of urban construction tax (value-added tax + business tax + consumption tax) * applicable tax rate refers to the tax rate of 7% in the urban area where the taxpayer is located, 5% for those not in the county, town and large and medium-sized industrial and mining enterprises in the county, and 1% for those not in the city, county and town

3. Education surcharge (value-added tax + business tax + consumption tax) tax amount * 3% 4, local education fee surcharge (value-added tax + business tax + consumption tax) tax amount * 2% 5, water conservancy construction ** (value-added tax + business tax + consumption tax) tax amount * 1% 6, enterprise income tax (total profit * 25%). The new income tax law stipulates that the statutory tax rate is 25%, which is the same for domestic enterprises and foreign-funded enterprises, 15% for high-tech enterprises that need key support in the first stool, 20% for small and low-profit enterprises, and 20% for non-resident enterprises.

7. Stamp duty is based on the purchase and sale amount.

8. Vehicle and vessel use tax.

9. Property tax.

10. Land use tax.

Li Chongyan Yourun Table.

operating income in .

Tax not included. Operating income refers to the income obtained by the enterprise from the sale of products or the provision of labor services in the production and operation activities.

Operating income = main business income.

other income from scattered locust business;

or Operating income = product sales volume (or service volume) Product unit price (or service unit price).The sales revenue of the main and by-products (or different grades of products) should be fully included in the operating income; Income from different types of services provided should also be included in operating income.

Operating income refers to the income obtained by an enterprise from the sale of products or the provision of labor services in its production and business activities.

Operating income = main business income + other business income.

or Operating income = product sales volume (or service volume) Product unit price (or service unit price).The sales revenue of the main and by-products (or different grades of products) should be included in the income of the socks and limbs; Income from different types of services provided should also be included in operating income.