Payment Method Of Income Tax For Foreign Invested Enterprises And Foreign Enterprises

In accordance with the provisions of the tax law, the payment method of enterprise income tax shall be paid quarterly and paid off at the end of the year.

There are two ways to prepay income tax: first, to calculate the prepaid income tax according to the quarterly profits; two, to calculate the prepaid income tax according to the amount payable in the previous year.

At the end of the year, when the final settlement is made, the income tax should be repaid on the basis of quarterly income. The formula is: the tax shall be supplemented by the enterprise income tax = the annual taxable income x tax rate. The total number of enterprise income tax paid in advance in each quarter shall be calculated in Renminbi, the foreign currency shall be used as the unit of calculation, and the foreign currency shall be used as the bookkeeping standard currency.

The method of conversion is: when the quarterly income tax is paid in advance, it will be converted into Renminbi taxable income at the end of the quarter. When the final settlement is paid, the foreign currency income from the foreign exchange income that has been paid according to the pre tax rate can no longer be calculated. Only the amount of foreign currency income payable at the end of the year will be calculated at the end of the year, and the taxable income will be calculated accordingly.

The following taxes and taxes are collected: foreign currency income tax, foreign currency income tax, exchange rate, income tax rate, income tax rate, income tax rate, 100 thousand yuan, 5.45, 545 thousand, 15%, 81 thousand and 750, two, 200 thousand, 5.50110 million, two 15%, 15%, 165 thousand, and 5.50110. The example is as follows: the total annual income of a wholly owned enterprise is 1 million 200 thousand USD, and the taxable income in advance of income tax in each quarter.