Calculation of corporate income tax payable

The taxable income of an enterprise multiplied by the applicable tax rate and the balance after deducting the exemption and exemption amount in accordance with the provisions of this Law on tax incentives shall be the taxable amount.

The income tax amount of the following income obtained by an enterprise that has been paid abroad can be deducted from the tax payable in the current period, and the credit limit is the tax payable on the income calculated in accordance with the provisions of the law; The excess of the credit limit can be offset by the balance of the annual credit limit after deducting the tax credit amount of the current year in the next 5 years: (1) the total taxable amount of the resident enterprise** outside China; (2) A non-resident enterprise establishes an institution or place in China and obtains taxable income that occurs outside China but has an actual connection with the institution or place.

The dividends, bonuses and other equity investment income received by a resident enterprise from a foreign enterprise directly or indirectly controlled by a resident enterprise outside China, and the part of the income tax actually paid by the foreign enterprise outside the country that belongs to the income burden of the foreign enterprise can be regarded as the foreign income tax credit of the resident enterprise and be credited within the credit limit stipulated in Article 23 of the Enterprise Income Tax Law.

The interest rate of borrowing between affiliated enterprises shall not exceed the interest rate of the bank for the same period, and the excess part of the income tax shall not be deducted, and the borrowed funds shall be used for construction in progress, which should be capitalized rather than expensed.

Corporate income tax.

Tax payable = taxable income tax rate.

Taxable income = total income - amount of allowable deductions Taxable income = total profit + ( - amount of tax adjustment items Total profit = total income - costs, expenses, losses.

Formula for taxable income of enterprises:

Taxable income of industrial enterprises = total profit + ( - amount of tax adjustment items Total profit = operating profit + investment income + non-operating income - non-operating expenses Operating profit = profit from product sales + profit from other businesses - management expenses - financial expenses

Profit from product sales = sales revenue of products - cost of sales of products - expenses of sales of products - taxes and surcharges of sales of products Profit from other businesses = income from other operations - costs of other operations - other sales taxes and surcharges

The cost of finished products in the current period = the balance of the cost of self-made semi-finished products in the product at the beginning of the period + the cost accounting of the product in the current period - the balance of the cost of self-made semi-finished products in the product at the end of the period

Product cost accounting for the current period = materials + wages + manufacturing expenses.

It should be income minus expenditure equal to profit, and profit multiplied by income tax rate is the amount of income tax payable.

The taxable income is the amount of the taxable income equal to the accounting utilization plus the tax adjustment increase amount minus the tax payment, the adjustment reduction, the non-taxable income, and the additional deduction.

The amount of taxable income multiplied by the tax rate is the amount of tax payable.

1.A printing factory purchased a printing machine at a purchase price of 120,000 yuan, obtained the tax indicated on the special VAT invoice issued by the other party as 10,000 yuan, and paid 10,000 yuan for transportation and miscellaneous expenses and 10,000 yuan for installation fees. According to the provisions of China's "Enterprise Income Tax Law", the valuation amount of the printing machine as a fixed asset should be (10,000 yuan).

a、12 b、

C, D, Answer: D Analysis: The assessment point of this question is the tax treatment of assets. The value of the purchased fixed assets is calculated according to the purchase price plus the packaging costs, transportation and miscellaneous expenses, installation costs, etc., as well as the taxes paid. 12+ million yuan).

2.According to the provisions of China's "Enterprise Income Tax Law", among the following incomes obtained by taxpayers, the following income should be included in the taxable income

a. Interest income from treasury bonds.

b. Interest income from financial bonds.

c. Income from the transfer of fixed assets.

d. Non-monetary income from donations.

Answer: BCD

Analysis: This includes the scope of enterprise income tax income that has been reassessed. The interest income from the purchase of treasury bonds by taxpayers is tax-exempt income.

3.Taxpayers of enterprise income tax shall declare and pay enterprise income tax in accordance with the provisions of the income obtained from within the country. However, as long as the income tax has been paid abroad, other income from overseas sources is not required to declare and pay enterprise income tax. （

Answer: Analysis: As long as the income tax has been paid abroad, other income from overseas sources must also be declared.

4.According to the provisions of the legal system of enterprise income tax, among the following items, when calculating the taxable income that should be reversed, the total income should be included in ( ).

a. Income obtained from the transfer of fixed assets.

b. Interest income paid on arrears owed by foreign units.

c. Rental income obtained from leasing fixed assets.

d. Income from fixed assets.

Answer: ABCD

Analysis: The above four items should be included in the total income.

5.When calculating the taxable income of enterprise income tax, according to the regulations, the following expenses shall not be deducted ( ).

a. Dividends paid to investors.

b. Enterprise income tax.

c. Tax late fees.

d. Penalty interest on overdue loans charged by banks.

Answer: ABC

Analysis: This question assesses the items that are not allowed to be deducted before the enterprise income tax. In calculating taxable income, the following expenses are not deductible:

1) Dividends, bonuses and other equity investment income paid to investors;

2) Corporate income tax; Annihilation.

3) Taxes with payouts. Late fees imposed on taxpayers for violating the provisions of the tax law shall not be deducted;

4) Fines, fines and loss of confiscated property. The fines and fines imposed by the relevant departments on the production and operation of taxpayers due to violations of national laws, regulations and rules, as well as the loss of confiscated property, shall not be deducted, but the taxpayer shall repay the bank loan within the time limit, and the penalty interest charged by the bank in accordance with the regulations shall not be an administrative fine and shall be allowed to be deducted before tax;

5) Public welfare donation expenses incurred by enterprises, donation expenditures other than 12% of the total annual profit;

6) sponsorship expenditures;

7) Unapproved reserve expenditures;

8) Other expenses unrelated to the income obtained.

Taxable income refers to the balance of all taxable income obtained by taxpayers in a certain period of time after deducting various expenses allowed to be deducted in accordance with the provisions of the Enterprise Income Tax Law of the People's Republic of China, which is the basis for calculating the tax amount of enterprise income tax. There are two ways to calculate the taxable income of an enterprise: 1. The balance of the total income of the direct method enterprise in each tax year after deducting the non-taxable income, tax-exempt income, various deductions and the losses of previous years that are allowed to be made up is the taxable income.

Taxable income = total income - non-taxable income - tax-exempt income - various deductions - loss in previous years. 2. The indirect method is the taxable income after adding or subtracting the amount of items adjusted in accordance with the tax laws and regulations on the basis of the total accounting profits. Taxable income = total accounting profit Amount of tax adjustment items.

Article 5 of the Enterprise Income Tax Law of the People's Republic of China stipulates that the total income of an enterprise in each tax year shall be the taxable income after deducting the non-taxable income, tax-exempt income, various deductions and the losses allowed to be made up in previous years.

Article 5 of the Enterprise Income Tax Law of the People's Republic of China The total income of an enterprise in each tax year shall be the taxable income after deducting the non-taxable income, tax-exempt income, various deductions and the losses of the previous year that are allowed to be made up.

The taxable income of enterprise income tax refers to the total income of foreign-invested enterprises and institutions and establishments established by foreign enterprises engaged in production and business operation within the territory of China in each tax year, after deducting costs, expenses, taxes and losses.

[Extended Information]:

Corporate income tax is calculated and paid on the basis of taxable income (tax-adjusted profits). Profit = main business income - main business cost - main business tax and surcharge + other business income - other business expenses - operating expenses - management expenses - financial expenses + investment income + non-operating income - non-operating expenses. Taxable income = profit + increase in tax adjustment - decrease in tax adjustment.

The taxable income of enterprise income tax, in accordance with the provisions of the tax law, refers to the total income of foreign-invested enterprises and foreign-invested enterprises engaged in production and business operations in each tax year, after deducting costs, expenses, taxes and losses. Corporate income tax is calculated and paid on the basis of taxable income (tax-adjusted profits).

1.Profit = main business income - main business cost - main business tax and surcharge + other business income - other business expenses - operating expenses - management expenses - financial expenses + investment income + non-operating income - non-operating expenses.

2.Taxable income = profit + increase in tax adjustment - decrease in tax adjustment.

The formula for calculating the tax payable of enterprise income tax is as follows: tax payable = taxable income multiplied by applicable tax rate tax reduction and exemption amount and tax exemption amount, as follows:

1. The tax reduction and exemption amount in the formula refers to the tax payable in accordance with the enterprise income tax law and the preferential tax provisions of the enterprise income tax law;

2. The credit limit refers to the tax payable on the income of the enterprise outside China in accordance with the provisions of the Enterprise Income Tax Law of the People's Republic of China and the Regulations for the Implementation of the Enterprise Income Tax Law of the People's Republic of China. Unless otherwise stipulated by the competent financial and taxation authorities, the credit limit shall be calculated separately by country (region), and the calculation formula is as follows: the credit limit = the total taxable amount calculated in accordance with the provisions of the Enterprise Income Tax Law of the People's Republic of China and the Regulations for the Implementation of the Enterprise Income Tax Law of the People's Republic of China multiplied by the taxable income of a country (region) divided by the total taxable income within and outside China;

3. The total income of an enterprise in each tax year is the taxable income after deducting the non-taxable income, tax-exempt income, various deductions and allowable losses of previous years.

Enterprise Income Tax Law of the People's Republic of China

Article 23 The income tax amount paid abroad for the following income obtained by an enterprise may be deducted from the tax payable for the current period, and the credit limit shall be the tax payable on the income calculated in accordance with the provisions of this Law; The excess of the credit limit can be offset in the next five years with the balance of the annual credit limit after deducting the tax credit amount of the current year

1) The taxable income of the resident enterprise** in China;

2) A non-resident enterprise establishes an institution or place within the territory of China and obtains taxable income that occurs outside China but has an actual connection with the institution or place.

Regulations for the Implementation of the Enterprise Income Tax Law of the People's Republic of China

Article 100 The tax credit mentioned in Article 34 of the Enterprise Income Tax Law refers to the purchase and actual use of special equipment for environmental protection, energy conservation and water saving, and safe production as stipulated in the Catalogue of Preferential Enterprise Income Tax for Special Equipment for Environmental Protection, the Catalogue of Preferential Enterprise Income Tax for Special Equipment for Energy Conservation and Water Saving, and the Catalogue of Preferential Enterprise Income Tax for Special Equipment for Safe Production, etc., where 10% of the investment amount of the special equipment can be deducted from the tax payable of the enterprise in the current year; If the credit is insufficient in the current year, the credit can be carried forward for the next five tax years.

Enterprises enjoying the preferential enterprise income tax provided for in the preceding paragraph shall actually purchase and put into use the special equipment specified in the preceding paragraph; If an enterprise purchases the above-mentioned special equipment and transfers or leases it within 5 years, it shall cease to enjoy the preferential enterprise income tax and pay the enterprise income tax that has been credited.