The final settlement of corporate income tax refers to the taxpayer's self-calculation of the annual taxable income and income tax payable in accordance with tax laws, regulations, rules and other relevant corporate income tax provisions within a specified period after the end of the tax year.
or the amount of income tax prepaid quarterly, determine the amount of tax payable or refundable for that year, fill in the annual corporate income tax return, handle the annual corporate income tax return to the competent tax authority, provide relevant information required by the tax authority, and settle the full
Annual Corporate Income Tax Act.
The enterprise shall submit the annual corporate income tax return to the tax authorities within five months from the end of the year, make the final settlement, and settle the tax payable and refundable.
The process of corporate income tax settlement and settlement is as follows: Step 1: Check the annual corporate income tax return and schedules filled out by the company with the company's income statement, general ledger, and detailed accounts, and review whether the accounts and accounts are consistent;
The second step: Conduct a focused review of the "Details of Tax Adjustments" in the main table of the enterprise's annual tax return. The review is conducted item by item based on the accounting subjects involved, and an review draft is prepared; The third step: Combine the review results with the entrusted
parties exchange opinions, and decide what kind of report to issue based on the results of the exchange of opinions, whether it is an annual corporate income tax final settlement assurance report or a consulting report. If it is an assurance report, the type of report opinion: unqualified opinion appraisal report, qualified opinion appraisal report, negative opinion report
Opinion appraisal report, unable to express opinion appraisal report.
Legal basis: Article 54 of the "Enterprise Income Tax Law of the People's Republic of China" stipulates that enterprise income tax shall be paid in advance on a monthly or quarterly basis.
Enterprises shall submit a prepayment corporate income tax return to the tax authorities within fifteen days from the end of the month or quarter and prepay the tax.
The enterprise shall submit the annual corporate income tax return to the tax authorities within five months from the end of the year, make the final settlement, and settle the tax payable and refundable.
When an enterprise submits a corporate income tax return, it shall attach financial accounting reports and other relevant materials in accordance with regulations.
Article 4 of the "Enterprise Income Tax Law of the People's Republic of China" stipulates that the corporate income tax rate is 25%.
When a non-resident enterprise obtains the income specified in Paragraph 3 of Article 3 of this Law, the applicable tax rate is 20%.
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 balance after deducting non-taxable income, tax-free income, various deductions and losses allowed to be made up in previous years.
Taxable income.
The following income in the total income in Article 7 of the "Enterprise Income Tax Law of the People's Republic of China" is non-taxable income: (1) Fiscal appropriations; (2) Administrative fees and government fees collected in accordance with the law and included in financial management
Fund; (3) Other non-taxable income stipulated by the State Council.
Article 8 of the "Enterprise Income Tax Law of the People's Republic of China" The actual and reasonable expenditures incurred by the enterprise related to obtaining income, including costs, fees, taxes, losses and other expenditures, are allowed to be deducted when calculating the taxable income.
.
Article 14 of the "Enterprise Income Tax Law of the People's Republic of China" During the period of an enterprise's foreign investment, the cost of investment assets shall not be deducted when calculating taxable income.