Percentage Of Several Important Deductions In Enterprise Income Tax

Corporate taxable income = gross income - non taxable income - tax-free income - deductions - loss in previous years.

In practice, it is found that some enterprises do not pay much attention to the deduction of the percentage of deductions.

Here are several very important issues in the income tax law.

Percentages are summarized.

1, the trade union funds of enterprises do not exceed 14% of the total salary and salaries.

2, the 2.5% part of the staff education expenses that the enterprise produces does not exceed the total salary and salary is allowed to be deducted.

3, the business execution fee shall be deducted by 60% of the amount incurred, and shall not exceed the 0.5% part of the sales revenue of that year.

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4, advertising fees and business promotional fees do not exceed that year.

The 15% part of the income is allowed to be deducted.

And more than part of the permitted pfer is deducted after the tax year.

5, the amount of public welfare donations donated by enterprises will not exceed 12% of the total annual profits.

If the enterprise can use the above 5 percentage to plan the income tax, it will certainly help the enterprise.

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A good enterprise must have a good CFO who is proficient in the tax law. By planning the remuneration incentive for employees, it can not only increase the post tax income of employees and enterprises, but also effectively achieve the double effect of tax saving and incentive.

Enterprises always hope to achieve the best incentive at the lowest cost.

Last year's revision of the tax law, most of the public discussion focused on the exemption of personal tax, and some even thought that the 3500 yuan personal tax exemption amount was high.

As everyone knows, it is not easy for individuals, and enterprises are not easy.

For example, in the case of the current 3500 yuan tax exemption, Beijing, for example, should pay a personal tax of 322.70 yuan before the monthly income of 10 thousand yuan. The total amount of social security and provident fund should be 2223 yuan, and the monthly income after tax is about 7454 yuan. On the other hand, the total expenditure of the enterprise is 14410 yuan - about 2 times the actual income of the individual. This undoubtedly reflects the embarrassing situation of the high cost of labor in China's enterprises.

We might as well discuss the case of Beijing Wan he company.

Wan Wo is a quasi listed company in the energy saving industry.

According to the stipulation of "five risks and one gold" payment in Beijing, the cost paid by the company every month is as follows: endowment insurance 20%+ medical insurance 10%+ unemployment insurance 1%+ industrial injury insurance 0.3%+ birth insurance 0.8%+ housing provident fund 12%.

The tax is up to 44%! How to do it? The first step in optimizing the salary design of Wan Wo company is to get the year-end bonus.

According to the new tax regulations, there are a total of 7 tax rates in the year-end bonus calculation. Due to the different tax rates corresponding to different monthly taxable income, 6 intervals have been drawn out. It is precisely because of the critical points in these 6 intervals that the year-end bonus has been "less frequently".

These critical points are: 18001 yuan to 19283.33 yuan, 54001 yuan to 60187.50 yuan, 108001 yuan to 114600 yuan, 420001 yuan to 447500 yuan, 660001 yuan to 706538.46 yuan, 960001 yuan to 960001 yuan respectively.

The way to deal with the problem is to issue the year-end bonus according to the integer number, compare the personal income tax rate table, consider dividing the 12 months, and determine the amount of payment. It is better to send the whole number in full, that is to say, do not spend more than that 1 yuan. This 1 yuan is the critical point in the legend of the year-end bonus.

Wan Wo company has made full use of this critical point technique, so that the company has paid less than 480 thousand yuan of labor cost.

Generally speaking, employees' salaries are usually divided into two parts: monthly salary and year-end bonus. The latter is the main way to motivate employees.

However, the difference between monthly salary and year-end bonus payment will result in the difference of personal income tax burden.

For enterprises, it is necessary to accurately divide the proportion of monthly salary and year-end bonus, or reduce part of the monthly salary, add to the year-end bonus; or cut down part of the year-end bonus, and distribute it to the monthly salary. The two operations of peak shaving and valley filling should be determined by the trade-off between the enterprise's final salary and the year-end bonus.

For example, the salary income of Zou director of the project Department of Wan he company deducts the tax-free items such as "five risks and one gold", the annual taxable income is 150000 yuan, the monthly income is 12500 yuan, the monthly deduction is 3500 yuan, and the monthly personal income tax should be (12500--3500) x 25% -1005=1245 yuan.

Mr. Zou's monthly salary after tax is 11255 yuan, and the annual personal income tax is 1245 yuan 12=14940 yuan.

There is room for planning.

If the original wage income can be divided into two parts: the wage income and the year-end bonus, according to the maximum application of the low tax rate, that is, the 10% tax rate, it is assumed that 7000 yuan of wages will be paid to Zou director every month after deducting the "five risks and one gold". The annual bonus can be paid at most 66000 yuan, and the monthly personal income tax should be paid as follows: (7000-3500) x 20%-555=145 yuan, indicating that the personal income tax should be paid 1740 yuan for the whole year, and the tax payable for the year-end bonus is 66000 20%-6660=6540 yuan, while Zou's annual salary should be 1740+6540=8280 yuan.

That is to say, tax planning can save 6660 yuan for Zou director, and from the enterprise's point of view, the 6660 yuan is actually saved for enterprises.

In fact, the 6660 yuan saved is only the tip of the iceberg for total savings.

That is to say, enterprises not only pay less than 6660 yuan in cash by adjusting the ratio of salary to year-end bonus, but also reduce the wage base of "five risks and one gold" by lowering the real wages of Zou.

In addition, there is a tax equalization point between bonus and dividends.

This tax equalization point is: how much X (Z) is paid (Z) is the same as that of Y.

We found this equilibrium point Z, if the tax amount is less than Z, we will pay the bonus, because the applicable tax rate of the bonus is less than 20% at the moment. If the dividend is paid, it will be taxable at the rate of 20%; if the tax amount is greater than Z, we will pay dividends, because more tax rates are calculated by 20%, if the bonus is paid, the tax rate should be calculated at a tax rate of more than 20%.

Wan Wo company has made full use of the principle of the tax equalization point. After actuarial calculation, it has saved more than 80 yuan of personal income tax expenses for shareholders.

Therefore, on the issue of bonus and dividends, we should let the financial personnel figure out how to make the payment more cost-effective, so that we can kill two birds with one stone, lighten the tax burden and have no tax risk.

A good enterprise must have a good CFO who is proficient in the tax law. By planning the remuneration incentive for employees, it can not only increase the post tax income of employees and enterprises, but also effectively achieve the double effect of tax saving and incentive.

In this way, the cost of enterprises is reduced and tax risks are avoided.