2017 Corporate Income Tax Calculation Method Corporate income tax refers to a tax levied on domestic enterprises or organizations that obtain taxable income and implement independent economic accounting on their net income, income and other income from production and operations.

The following is the 2017 corporate income tax calculation method I compiled, welcome to check it out! (1) Corporate income tax taxpayers Corporate income tax taxpayers should meet the following three conditions at the same time: 1. Open a settlement account in a bank; 2. Establish independent account books

, Prepare financial accounting statements; 3. Independently calculate profits and losses.

(2) The taxable objects of corporate income tax are the taxpayer’s production, operating income and other income from within and outside China in each tax year.

(3) The basis for calculating corporate income tax is taxable income.

Taxable income = total annual income - items allowed for deduction (4) Taxable amount of corporate income tax 1. Total income.

(1) Production and operating income: (2) Property transfer income: (3) Interest income: (4) Lease income; (5) Royalty income: (6) Dividend income: (7) Other income: including fixed income

Asset surplus income, fine income, payables that cannot be paid due to creditors, surplus income from materials and cash, additional refunds for education fees, deposit income from overdue confiscated packaging and other income.

2. Several other incomes included in the total income.

(1) Tax reductions and exemptions for technical income of enterprises and institutions are based on the "Technical Income Tax Exemption Application Form" approved by the competent tax department. All income that has not been approved by the tax authority will be levied corporate income tax as non-technical income in accordance with regulations.

(2) The trial operation income generated by the enterprise’s projects under construction should be incorporated into the total income for taxation, and cannot be directly offset against the cost of the projects under construction.

(3) The income earned by institutions (enterprises and institutions) from securities transactions should be included in the profits and losses of the current period, and corporate income tax should be levied in accordance with regulations.

It is not allowed to conceal the income from securities transactions outside the accounts.

(4) Foreign trade enterprises that have exchange gains and losses due to exchange rate consolidation and exchange rate changes after the implementation of the new foreign exchange management system can make adjustments when calculating taxable income and transfer them to taxable income within 5 years according to the straight-line method.

(5) The turnover tax that taxpayers enjoy reduction or refund, as well as the state fiscal subsidies and other subsidy income received, unless otherwise specified by the state for special purposes, should be incorporated into corporate income to calculate and pay income tax.

(6) Any use of the company's goods and products in capital construction, special projects, employee welfare, etc. shall be treated as income; materials saved by the company's external processing and assembly business shall be retained by the company as stipulated in the contract.

, should also be treated as income.

(7) If the income obtained by the enterprise is non-monetary assets or equity, the amount of income should be calculated or assessed with reference to the current market price.

(8) When an enterprise is liquidated in accordance with the law, the liquidation proceeds after the liquidation is completed shall be subject to corporate income tax in accordance with the provisions of the tax law. 3. Items that are allowed to be deducted.

(1) Cost.

(2) Fees.

Operating expenses, administrative expenses and financial expenses.

(3) Taxes.

(4) Loss.

When determining the deduction items for taxpayers, attention should be paid to the following two issues: (1) The accrued but not accrued deduction items of the enterprise during the tax year, including various accrued but not accrued expenses, accrued but not accrued depreciation, etc., shall not be transferred later

Annual deduction.

(2) If the taxpayer's financial and accounting treatment is inconsistent with the tax regulations, it shall be adjusted in accordance with the tax regulations, and the deduction shall be allowed according to the amount allowed by the tax regulations.

In addition, the tax law allows the following items to be deducted according to the prescribed scope and standards: (1) Interest expenses.

During the period of production and operation, taxpayers' interest expenses on borrowings from financial institutions shall be deducted based on the actual amount incurred; interest expenses on borrowings from non-financial institutions shall be deducted if they are no higher than the amount calculated based on the interest rate of similar loans from financial institutions for the same period.

(2) Taxable wages.

The wages paid by taxpayers to employees shall be deducted from the taxable wages.

(3) The taxpayer’s employee union funds, employee welfare fees, and education fees are calculated and deducted at the rate of 2%, 14%, and 1.5% of the total taxable salary respectively.

(4) Donation.