Tax-free income includes:
(1) Treasury bond interest income.
Treasury bonds include various treasury bills, special treasury bonds, value-protected bonds, etc. issued by the Ministry of Finance. National key construction bonds issued by the former State Planning Commission and financial bonds and various corporate bonds issued with the approval of the People's Bank of China are not included in the scope of national bonds. In order to encourage taxpayers to actively purchase treasury bonds, the tax law stipulates that interest income earned by taxpayers from purchasing treasury bonds will not be included in taxable income and no corporate income tax will be levied.
(2) Turnover tax that is exempted or refunded for specified purposes.
The tax law stipulates that the turnover tax that is exempted or refunded to enterprises (including refund upon collection, refund after collection, etc.), which have designated purposes specified by the State Council, the Ministry of Finance, and the State Administration of Taxation shall not be included in taxable income. Forehead.
Other exemptions or refunds of turnover tax should be included in the taxable income and calculated as corporate income tax. For direct tax exemptions and immediate refunds, income tax shall be levied on the enterprise's income for the year; for tax first and then refund and first levy and refund, income tax shall be levied on the enterprise's income in the year in which the tax is actually received or refunded.
(3) Subsidy items that are not included in profits and losses.
The tax law stipulates that state subsidy income and other subsidy income obtained by enterprises that are not included in profits and losses according to the provisions of the State Council, the Ministry of Finance or the State Administration of Taxation can be deducted when calculating taxable income. All other subsidy income should be incorporated into the taxable income of the year in which the enterprise actually receives the subsidy income, and the corporate income tax shall be calculated.
(4) Various funds and charges included in the financial budget or financial account management.
The various internal and external funds (funds, surcharges, charges) collected by the enterprise shall be collected with the approval of the State Council or the Ministry of Finance, and shall be included in the budgetary or extrabudgetary financial accounts at the same level according to regulations, and shall be collected and disbursed. Those managed by two lines will not be included in the taxable income.
The various charges collected by the enterprise shall be subject to the approval of the State Council or the Ministry of Finance in conjunction with relevant departments and the provincial people's government, and shall be included in the fiscal budget or extra-budgetary financial accounts at the same level according to regulations, and shall be implemented for revenue and expenditure. For those under two-line management, no corporate income tax will be levied.
(5) Technology transfer income.
Technical service income derived from the transfer of technological achievements, technical training, technical consulting, technical services, and technical contracting provided by scientific research units and colleges and universities in various industries are temporarily exempt from income tax.
Income from technology transfer by enterprises and institutions, as well as from technical consulting, technical services, and technical training related to technology transfer that occur during the technology transfer process, if the annual net income is less than 300,000 yuan, temporarily Income tax is exempted; the portion of 300,000 yuan must pay income tax in accordance with the law.
(6) Revenue from treating “waste residue, waste gas, and waste water”.
(7) Tax-free items for public institutions and social groups stipulated by the State Council, the Ministry of Finance and the State Administration of Taxation.
Mainly include: extra-budgetary funds that have been approved by the Ministry of Finance and are not turned over to the special fiscal account; special subsidy income obtained by public institutions from competent departments and superior units for business development; Calculate the income obtained from the after-tax profits of operating units;
The income obtained by social groups from the after-tax profits of operating units at all levels; Government subsidies at all levels obtained by social groups; According to the civil affairs at or above the provincial level , membership fees stipulated by the financial department; donation income from all walks of life and other projects explicitly approved by the State Council.
(8) Other tax-free income.
Refers to tax-free projects approved by the State Council, the Ministry of Finance and the State Administration of Taxation in addition to the above-mentioned projects.
Extended information The difference between tax-free income and non-taxable income:
1. Non-taxable income and tax-free income are different concepts. Non-taxable income does not belong to tax benefits, while tax-free income The income is tax-advantaged.
2. 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 permanent. Income categories that are not included in 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 taxpayers’ taxable income. It is only a tax preferential treatment given by the state to the economic benefits obtained in a specific period or for a specific project in order to achieve certain economic and social goals. In a certain period of time, it is possible to restore the income range for taxation.
For example, interest income from treasury bonds, dividends and bonus income between qualified resident enterprises, and non-resident enterprises that have established institutions and places in China obtain dividends from resident enterprises that are actually connected with the institutions and places. , dividend income, income from qualified non-profit public welfare organizations, etc.