The enterprise income tax matters involved in VAT invoices are mainly reflected in the recognition of operating income and operating costs.
According to the provisions of the Enterprise Income Tax Law of the People's Republic of China, enterprises shall recognize eligible income (including income from invoicing and income from non invoicing), including income from sales of goods, income from provision of services, income from transfer of property, dividends and bonuses and other equity investment income, interest income, rental income, royalty income Income from donations and other income.
At the same time, the reasonable expenses actually incurred by the enterprise in connection with the income obtained, including costs, expenses, taxes, losses and other expenses, are allowed to be deducted when calculating the taxable income amount.
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Can ordinary VAT invoice offset enterprise income tax
VAT invoices can be divided into four categories: special VAT invoices, ordinary VAT invoices, unified sales invoices for second-hand cars, and unified sales invoices for motor vehicles.
The ordinary VAT invoice related to the business management activities of the enterprise can be used as a cost to offset the enterprise income tax as long as it is true and legal.
General ordinary invoices cannot offset output tax, but special VAT invoices can. However, some special ordinary invoices, such as ordinary invoices for purchasing agricultural products and ordinary freight invoices, can be offset. There are many credit platforms that can help small and micro enterprises' capital turnover. Remember to choose a formal platform, such as DuXiaoMan Finance, which has high credit lines and low interest rates. It is understood that 70% of the credit users of DuXiaoMan Finance are small and micro business owners, and big brands are more reassured.
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How to calculate enterprise income tax from the price of ordinary VAT invoice
How to calculate enterprise income tax from the price of ordinary VAT invoice is as follows:
1. The ordinary VAT invoice has been separated from price and tax when it is issued. As long as the revenue is recognized according to the price, it is OK. The income is included in the taxable income to calculate the enterprise income tax.
2. For example, a VAT general taxpayer issues a VAT ordinary invoice with a tax inclusive price of 117 yuan. When issuing the invoice, the face value of the invoice is listed separately, the price is 100 yuan, and the VAT amount is 17 yuan.
3. Accounting entry: Debit: accounts receivable (not received), bank deposit 117
Credit: main business income 100
Taxes payable - VAT payable (output tax) 17
It is enough to calculate the taxable income of 100 yuan. 100 * 25%=25 yuan.
How much corporate income tax should be paid when issuing a VAT invoice of 1 million yuan?
Value added tax payable=tax included price ÷ (1+3%) × 3%, 1 million is 29126.21, and additional tax=value added tax payable × 12% is 3495.15.
For the part of small-scale taxpayers whose annual income tax payable does not exceed 1 million yuan, a reduction of 25% shall be included in the amount of income payable, and the enterprise income tax shall be paid at the rate of 20%. If the annual taxable income exceeds 1 million yuan but does not exceed 3 million yuan, 50% of the amount shall be included in the taxable income, and the enterprise income tax shall be paid at the rate of 20%.
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matters needing attention:
For high-tech enterprises that need to be supported by the state, the enterprise income tax shall be levied at a reduced rate of 15%. Taxpayers shall, within one month after obtaining the high-tech enterprise identification certificate, fill in the Enterprise Income Tax Preference Filing Form (high-tech enterprises) and go through the filing registration with the competent tax authority.
If a non resident enterprise does not have an organization or place in China, or if it has an organization or place but has no actual connection with its organization or place, it shall pay enterprise income tax on its income from sources within China, and the enterprise income tax shall be levied at a reduced rate of 10%.