(1) Included in the "Business Tax and Additional" account

Consumption tax, business tax, urban maintenance and construction tax, resource tax, and land value-added tax are included in this account . In addition, fees such as education surcharges, local education surcharges, water conservancy construction funds, flood control fees, price adjustment funds, mineral resource compensation fees, and sewage discharge fees are also calculated through this subject.

(2) Included in the "administrative expenses" account

Including real estate tax, vehicle and vessel use tax, land use tax, and stamp tax.

Real estate tax and land use tax related to investment real estate are accounted for in the "Business Tax and Additional" account. The above four taxes for enterprises that implement the "Small Business Accounting Standards" are accounted for in the "Business Tax and Surcharges" account.

Enterprise income tax refers to a tax levied on enterprises (resident enterprises and non-resident enterprises) and other income-earning organizations within the territory of the People's Republic of China on their production and operation income. Income Tax. As a corporate income tax taxpayer, you should pay corporate income tax in accordance with the "Enterprise Income Tax Law of the People's Republic of China". However, sole proprietorships and partnerships are excluded.

Extended information

Corporate income tax rates have been declining around the world, most of which are caused by Western countries imposing their own taxes on their own (that is, domestically incorporated) multinational companies. Countermeasures for relocating most of the taxable income of businesses overseas. Companies in some countries or regions do not need to pay corporate income tax, while in other countries or regions companies are required to hand over one-third of corporate profits to the government.

The Bahamas: The Bahamas has no corporate income tax, and the effective tax rate ultimately paid by multinational companies ranges from 5% to 15%.

Bermuda: Bermuda has no corporate income tax. However, the average effective tax rate for multinational companies is about 12%.

Cayman Islands: Multinational companies end up paying a tax rate of approximately 13% on profits generated by their business units registered in the Cayman Islands.

Malaysia: The average tax rate paid by local companies in Malaysia is 19%, while the average tax rate paid by multinational companies is about 17%.