Income in the form of currency includes: cash, deposits, accounts receivable, notes receivable, bond investments prepared to be held to maturity, debt forgiveness, etc.

Income in non-monetary forms includes: fixed assets, biological assets, intangible assets, equity investments, inventories, bond investments not intended to be held until maturity, labor services and related rights and interests, etc. The income obtained by the enterprise in non-monetary form shall be determined according to the fair value, that is, the value determined according to the market price.

"Regulations on the Implementation of the Enterprise Income Tax Law of the People's Republic of China"

Article 12 The monetary form in which an enterprise obtains income as mentioned in Article 6 of the Enterprise Income Tax Law includes cash, Deposits, accounts receivable, notes receivable, bond investments prepared to be held to maturity, and debt forgiveness, etc.

The non-monetary forms of income obtained by enterprises as mentioned in Article 6 of the Enterprise Income Tax Law include fixed assets, biological assets, intangible assets, equity investments, inventories, bond investments not intended to be held until maturity, and labor services and related rights and interests, etc.

Extended information:

Section 2 Income

Article 12 The monetary form in which an enterprise obtains income as mentioned in Article 6 of the Enterprise Income Tax Law includes cash, Deposits, accounts receivable, notes receivable, bond investments prepared to be held to maturity, and debt forgiveness, etc.

The non-monetary forms of income obtained by enterprises as mentioned in Article 6 of the Enterprise Income Tax Law include fixed assets, biological assets, intangible assets, equity investments, inventories, bond investments not intended to be held until maturity, and labor services and related rights and interests, etc.

Article 13: The income obtained by an enterprise in non-monetary form as mentioned in Article 6 of the Enterprise Income Tax Law shall be determined based on its fair value.

The fair value mentioned in the preceding paragraph refers to the value determined according to the market price.

Article 14 The income from the sale of goods mentioned in Item (1) of Article 6 of the Enterprise Income Tax Law refers to the income obtained by the enterprise from the sale of commodities, products, raw materials, packaging, low-value consumables and other inventories. income.

Article 15 The income from provision of labor services mentioned in Item (2) of Article 6 of the Enterprise Income Tax Law refers to enterprises engaged in construction and installation, repair and maintenance, transportation, warehousing leasing, finance and insurance, post and telecommunications, Income from consulting and brokerage, culture and sports, scientific research, technical services, education and training, catering and accommodation, agency, health care, community services, tourism, entertainment, processing and other labor service activities.

Article 16 The income from transfer of property as mentioned in Item (3) of Article 6 of the Enterprise Income Tax Law refers to the income obtained by an enterprise from the transfer of fixed assets, biological assets, intangible assets, equity, debt and other properties.

Article 17: Dividends, dividends and other equity investment income referred to in Item (4) of Article 6 of the Enterprise Income Tax Law refer to the income an enterprise obtains from the investee due to equity investment.

Dividends, dividends and other equity investment income, unless otherwise stipulated by the finance and tax authorities of the State Council, are recognized based on the date when the investee makes a profit distribution decision.

Article 18 The interest income referred to in Item (5) of Article 6 of the Enterprise Income Tax Law refers to the funds provided by the enterprise to others for use but does not constitute an equity investment, or the funds obtained from the occupation of the enterprise’s funds by others. Income includes deposit interest, loan interest, bond interest, arrears interest and other income.

Interest income is recognized based on the date on which the debtor pays interest as stipulated in the contract.

Article 19 The rental income referred to in Item (6) of Article 6 of the Enterprise Income Tax Law refers to the income obtained by an enterprise from providing the right to use fixed assets, packaging or other tangible assets.

Rental income is recognized based on the date on which the lessee pays rent as stipulated in the contract.

Article 20 The term “royalty income” as mentioned in Item (7) of Article 6 of the Enterprise Income Tax Law refers to the income from patents, non-patented technologies, trademark rights, copyrights and other franchises provided by enterprises. Income from use rights.

Royalty income shall be recognized based on the date on which the royalties are payable by the franchisee as stipulated in the contract.

Article 21 The income from receiving donations as mentioned in Item (8) of Article 6 of the Enterprise Income Tax Law refers to the monetary assets and non-monetary assets that an enterprise receives for free from other enterprises, organizations or individuals. sexual assets.

When receiving donation income, the income will be recognized based on the date of actual receipt of donated assets.

Article 22 The term “other income” as mentioned in Item (9) of Article 6 of the Enterprise Income Tax Law refers to the income obtained by the enterprise in addition to items (1) to (8) of Article 6 of the Enterprise Income Tax Law. Other income other than the income specified in the item, including corporate asset surplus income, income from deposits for overdue packages, accounts payable that cannot be repaid, accounts receivable that have been recovered after handling bad debt losses, debt restructuring income, subsidies Income, liquidated damages income, exchange gains, etc.

Article 23 The following production and operation businesses of the enterprise can recognize the realization of income in installments:

(1) If the goods are sold by installment payment, the payment shall be made in accordance with the payment stipulated in the contract. The date on which the revenue is recognized is realized;

(2) The enterprise is entrusted to process and manufacture large-scale machinery and equipment, ships, and aircraft, as well as engage in construction, installation, assembly engineering business, or provide other labor services, etc., and the duration exceeds 12 months , the realization of income is recognized according to the completion progress or the workload completed within the tax year.

Article 24: If revenue is obtained through product sharing, the realization of revenue shall be recognized based on the date when the enterprise distributes the product, and the amount of revenue shall be determined based on the fair value of the product.

Article 25: Enterprises exchange non-monetary assets, and use goods, property, and labor services for donations, debt repayments, sponsorships, fund-raising, advertising, samples, employee benefits, or profit distribution, etc. , shall be deemed to be the sale of goods, transfer of property or provision of services, unless otherwise stipulated by the financial and taxation authorities of the State Council.

Article 26 The term "fiscal appropriation" as mentioned in Item (1) of Article 7 of the Enterprise Income Tax Law refers to the fiscal funds allocated by the people's governments at all levels to public institutions, social groups and other organizations that are included in budget management. , except where otherwise provided by the State Council and the financial and taxation authorities of the State Council.

The term "administrative charges" as mentioned in Item (2) of Article 7 of the Enterprise Income Tax Law refers to the administrative charges that are approved in accordance with laws, regulations and other relevant provisions and in accordance with the procedures prescribed by the State Council, during the implementation of social welfare management, and In the process of providing specific public services to citizens, legal persons or other organizations, fees are collected from specific objects and included in financial management.

The term "government funds" as mentioned in Article 7, Item (2) of the Enterprise Income Tax Law refers to the fiscal funds for special purposes collected by enterprises on behalf of the government in accordance with laws, administrative regulations and other relevant provisions.

The term "other non-taxable income stipulated by the State Council" as mentioned in Item 3 of Article 7 of the Enterprise Income Tax Law refers to the income obtained by the enterprise for special purposes specified by the financial and taxation authorities of the State Council and approved by the State Council. financial funds.