Tourism income tax rate

Legal subjectivity:

1. What is the corporate income tax rate? 1. The taxable income is increased to 3 million. The original corporate income tax discount is: the annual taxable income is 100 If the amount is less than RMB 10,000, the actual tax rate is 10%. Starting from 2019, this discount will be increased to 3 million. (Annual taxable income can be simply understood as annual profit) 2. Starting from 2019, the portion of the annual taxable income not exceeding 1 million will be included in the taxable income at a rate of 25%. , the actual tax burden is calculated at a reduction of 5%. 3. Example: Taxable income tax of 950,000. Corporate income tax payable = 95*25%*20% = 47,500. Simplified calculation = 95*5% = 47,500. 4. The taxable income of 1 million to 3 million will start in 2019. If the annual taxable income does not exceed 1 million to 3 million, 50% is included in the taxable income, and the actual tax burden is calculated at a reduced rate of 10%. 5. Example: Taxable income is 2.8 million 1. Taxable income is 1 million = 100*25%*20% = 50,000 2. Taxable income is 1 million-3 million = 180*50%* 20% = 180,000 3. The final corporate income tax payable = 50,000 + 180,000 = 230,000. Simplified calculation = (100*5%) + (180*10%) = 230,000. 6. Effective from January 1, 2019 The new corporate income tax rate in 2019 will be implemented from January 1, 2019, and is tentatively scheduled to last for three years. Specific details need to wait for the release of relevant documents. 2. Objects to which corporate income tax is levied 1. Resident enterprises shall pay corporate income tax on their income derived from within and outside China. 2. If a non-resident enterprise establishes an institution or place in China, it shall pay a tax on the income derived from the institution or place it establishes from within China, as well as the income that occurs outside China but is actually connected with the institution or place it establishes. Corporate income tax. If a non-resident enterprise has not established an institution or place in China, or if it has established an institution or place but the income obtained has no actual connection with the institution or place it has established, it shall pay corporate income tax on its income sourced in China. 3. Principles for determining income from within and outside China. Income obtained by an enterprise from various sources in monetary and non-monetary forms shall be the total income. Including: (1) Income from the sale of goods; (2) Income from the provision of labor services; (3) Income from the transfer of property; (4) Dividends, bonuses and other equity investment income; (5) Interest income; (6) Rental income; (7) Royalty income; (8) Income from donations; (9) Other income.