Non-taxable income includes:

1. Fiscal appropriations

2. Administrative fees and government funds collected in accordance with the law and included in financial management

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3. Fiscal funds obtained by enterprises for special purposes specified by the finance and tax authorities of the State Council and approved by the State Council

4. Direct equity investment income and equity investment funds obtained from social security funds Income

5. From March 13, 2018 to December 31, 2023, for those who have not established an institution or place in China, or who have established an institution or place, the income obtained will be the same as the income of the institution established. , overseas institutional investors (including overseas brokerage institutions) with no actual connection with the venue, income from crude oil futures trading in China (excluding physical delivery income)

6. For overseas brokerage institutions overseas, Investors provide commission income from crude oil futures brokerage business in China

Distinguish between non-taxable income and tax-free income:

1. Both non-taxable income and tax-free income are subject to corporate income tax The so-called "total income" shall be deducted when calculating the taxable income for corporate income tax.

2. Non-taxable income is income that should not be included in the scope of taxation; tax-free income is income that should be included in the scope of taxation, but the state provides tax preferences for special considerations. It is possible that taxation will be resumed during this period.

3. Expenses, depreciation, and amortization corresponding to an enterprise's non-taxable income generally cannot be deducted when calculating taxable income; expenses, depreciation, and amortization corresponding to tax-free income can generally be deducted before tax.

Untaxed income and tax-free income are different concepts. Untaxed income does not belong to tax preferences, while tax-free income does.

The non-taxable income is due to the fact that it does not belong to the economic benefits brought by for-profit activities in origin and nature. It is income specialized in specific purposes. According to the principle of corporate income tax, these incomes should be permanently excluded. It is the income category within the scope of taxation. Such as government budget allocations, administrative fees, government funds, etc. collected in accordance with the law and included in financial management. Tax-free income is an important part of the taxpayer's taxable income. It is only a tax preferential treatment given by the state to the economic benefits obtained from a specific project in a specific period or for a specific project in order to achieve certain economic and social goals, and it may be restored in a certain period of time. The income range for taxation. Such as treasury bond interest income, dividends and bonus income between qualified resident enterprises, and non-resident enterprises that have established institutions and places in China obtain dividends and bonus income from resident enterprises that are actually connected with the institutions and places. Income of non-profit public welfare organizations, etc.