How to pay enterprise income tax for small loan company

A, small loan company how to pay enterprise income tax

Small loan company how to pay enterprise income tax

Enterprise income tax is a kind of income tax levied on the production and operation income and other income of enterprises and other income-earning organizations in China. The following is my compilation of how to pay enterprise income tax for small loan companies, I hope it will be helpful to you!

Tax classification

1, turnover tax: value-added tax, consumption tax, business tax, customs duty, vehicle purchase tax, etc.;

2, income tax: enterprise income tax, foreign-invested enterprises and foreign enterprise income tax, personal income tax, etc.;

3, resource tax: resource tax, urban land use tax, land value-added tax, etc.;

4, Property tax: property tax, urban real estate tax, etc.

5. Behavioral taxes: stamp duty, slaughter tax, vehicle and vessel tax, urban maintenance and construction tax, etc.

6. Other taxes: agricultural and forestry special property tax, cultivated land occupation tax, deed tax, etc.

7. Profit tax: Income profit (non-income) multiplied by 3%

NO.1Q: My company is a rural credit cooperative and has been engaged in the business of farmers for a long time, is there any preferential policy on enterprise income tax?

A: Those who are eligible can enjoy preferential policies.

The second article of the Circular on Continuing and Improving Relevant Tax Policies on Supporting Rural Financial Development (Cai Shui [2014] No. 102) stipulates that from January 1, 2014 to December 31, 2016, interest income from financial institutions' farm households will be counted as 90% of the total income when calculating taxable income.

At the same time, it should be noted that the fourth article of the document provides that the so-called agricultural households, refers to long-term (more than one year) living in the township (excluding the township) within the administrative area of the household, but also includes long-term living in the township under the jurisdiction of the administrative village of the household and the account is not in the local but in the local residence for more than one year, the state-owned farms of the employees and the rural self-employed industrial and commercial households. Collective households of state-owned economic institutions, organizations, schools, enterprises and institutions located in the administrative areas of townships (excluding Chengguan townships) and administrative villages under the jurisdiction of Chengguan townships; and households with a local hukou but which have been out of the country for more than one year to earn a living are not considered to be agricultural households, regardless of whether they have retained their contracted arable land or not. Farming households take the household as the statistical unit and can engage in both agricultural and non-agricultural production and operation. The determination of a farm household loan shall be based on whether the main body of the loan recipient at the time of loan disbursement belongs to a farm household. As used in this notice, it means a single and the total balance of the household's loan is 100,000 yuan (inclusive) or less. The term refers to loans that are single and have a total loan balance of less than 100,000 yuan (inclusive) for that household. Article V provides that financial institutions should be eligible for interest income of farmers to separate accounting, can not be separately accounted for shall not apply the preferential policies specified in the notice.

Therefore, those who meet the above conditions can enjoy the preferential policy of reducing income from enterprise income tax.

NO.2Q: Is the loan loss provision for SMEs by financial enterprises deductible before enterprise income tax?

A: It can be deducted before tax if it conforms to the provisions of the document.

Article 1 of the Notice on Relevant Issues Concerning Pre-Tax Deduction of Loan Loss Reserves for Financial Enterprises' Agricultural-Related Loans and Small and Medium-Sized Enterprises (CaiShui [2015] No. 3) stipulates that loan loss reserves made by financial enterprises in accordance with the following ratios, following the risk categorization of their agricultural-related and small and medium-sized enterprise loans according to the "Guidelines for Classification of Loan Risks" (YinFa [2001] No. 416)

At the same time, articles 3 and 4 of the document stipulate that the so-called small and medium-sized enterprise loans refer to the loans made by financial enterprises to enterprises with annual sales and total assets of not more than 200 million yuan. Financial enterprises incurred eligible agricultural loans and small and medium-sized enterprise loan losses, should be first deducted in the pre-tax deduction of loan loss reserves, less than the deduction can be based on the calculation of taxable income deductions.

Expanded content

Frequently Asked Questions on Enterprise Income Tax Prepayment Practice

Question 1

Can an enterprise make up for the losses of previous years when it makes quarterly prepayment of income tax?

Answer: According to the State Administration of Taxation Announcement No. 31 of 2015, the instructions for filling in the form stipulate that: Line 8, 'Make up for losses of previous years': fill in the amount of 'losses of previous years that have not yet been made up' that can be made up before the enterprise income tax in accordance with the tax regulations."

Which the relationship between the table: the actual amount of profit (line 4 line 5 line 6 line 7 line 8)

That is, the formula: the actual amount of profit = total profit of a particular business calculation of taxable income - nontaxable income and tax base reduction of taxable Income - Accelerated depreciation (deduction) reduction for fixed assets - Make up for prior years' losses

So, EIT prepayment can make up for prior years' losses

Question 2

EIT prepayment can make up for prior years' losses, but not for losses in the first few quarters of the current year?

Example, there is a profit in the fourth quarter, but it is still a loss after the accumulation of the current year, do I have to pay the EIT when I file the EIT return in the online quarter?

Answer: In the online tax filing system, enterprise income tax (monthly) quarterly prepayment tax return (Class A) is based on the cumulative number. If the accumulated number is negative, the quarterly EIT return should be filed with zero.

For example, if an enterprise has a negative profit in the first quarter and a profit in the second quarter, will the income tax be paid according to the profit in the second quarter or according to the cumulative profit from the first to the second quarter?

Answer: The enterprise income tax is calculated according to the annual remittance, quarterly prepayment, when the total accumulated profit of 1-2 quarter is positive, multiply it by the tax rate to calculate and pay the enterprise income tax, and when it is zero or negative, there is no need to calculate the enterprise income tax.

That is to say, the prepayment of enterprise income tax can make up for the losses of previous years as well as the losses of the current year.

Question 3

How will the income tax be handled for the invoices for costs and expenses that have not yet been obtained by the enterprise when making quarterly prepayment of enterprise income tax?

Answer: According to the provisions of Article 6 of the Announcement of the State Administration of Taxation on Certain Issues of Enterprise Income Tax (Announcement of the State Administration of Taxation No. 34 of 2011), if an enterprise fails to obtain timely and valid vouchers for the costs and expenses actually incurred in the current year due to various reasons, the enterprise may temporarily account for the amount incurred in the books when making quarterly income tax prepayment; however, at the time of However, at the time of remittance, the enterprise shall provide additional valid certificates for such costs and expenses.

Therefore, the relevant costs and expenses actually incurred by an enterprise in the current year, and due to various reasons, the enterprise fails to obtain the effective vouchers for such costs and expenses in time, the enterprise may temporarily account for them at the amount incurred in the books when prepaying the quarterly income tax.

Question 4

Is there any regular tax adjustment for costs and expenses at the stage of income tax prepayment?

Answer: According to the quarterly return issued by the State Administration of Taxation (SAT) Announcement No. 31 of 2015 and the instructions for filling in the form:

Line 9, "Actual Profit Amount": fill in the form according to the results of calculating the relevant lines of the form. Line 9 = line 4, line 5, line 6, line 7, line 8.

Line 10 "Tax Rate (25%)": report the tax rate of 25% under the Enterprise Income Tax Law.

Line 11 "Income tax payable": fill in according to the calculation result of the relevant line. Line 11 = line 9 x line 10, and line 11 ≥ 0. When different tax rates are applied to the head office and branches of an enterprise engaged in inter-regional business aggregation, line 11 ≠ line 9 x line 10.

So, for the tax-related matters involving the deduction of assets and costs such as advertising and business promotion expenses, employee education expenses, financial expenses and so on, which are involved in the declaration of EIT prepayment, the enterprises only need to deal with them in accordance with the provisions of the accounting system or the accounting standards of the enterprises, and there is no need to make tax adjustments.

To put it plainly, there is no "tax adjustment" in the quarterly EIT return, so there is no need for tax-related matters such as the deduction of advertising and business promotion expenses, employee education expenses, financial expenses and other assets and costs, and no tax adjustment is needed for the EIT prepayment.

Question 5

Does the business cost of EIT prepayment form include period expenses?

Answer: According to the quarterly return and the instructions for filling out the form issued by the State Administration of Taxation Announcement No. 31 of 2015, the "business cost" in the return reports the business cost accounted for in accordance with the accounting system of the enterprise, the accounting standards of the enterprise, and other national accounting regulations. This line mainly shows the amount of the taxpayer's operating costs, not involved in the calculation.

Operating Income = Main Business Income Other Business Income

Operating Costs = Main Business Costs Other Business Costs

Therefore, this column excludes Non-Operating Expenditures and Period Expenses.

Two, small loan companies how to pay enterprise income tax? How to deduct loan loss reserve in advance?

NO.1Q: My company is a rural credit cooperative, engaged in long-term business to farmers, please ask the enterprise income tax

A: eligible for preferential policies.

The second article of the Notice on the Continuation and Improvement of Relevant Tax Policies for Supporting the Development of Rural Finance (Cai Shui [2014] No. 102) stipulates that the interest income from January 1, 2014 to December 31, 2016 section is 90% of the total income when calculating taxable income.

Article 4 stipulates that the agricultural households referred to are those households residing permanently (for more than one year) in the administrative area of townships (excluding Chengguan townships), which also includes households residing permanently in Chengguan townships and households not having their household accounts in the local area but residing in the local area for more than one year, the employees of state-owned farms and the rural self-employed industrial and commercial households. Collective households of state-owned economic institutions, organizations, schools, enterprises and institutions located in the administrative areas of townships (excluding Chengguan townships) and administrative villages under the jurisdiction of Chengguan townships; and households with a local hukou that have been out of the country for more than one year to earn a living are not considered to be agricultural households, regardless of whether or not they have retained contracted arable land. Agricultural households take the household as the statistical unit and can engage in both agricultural and non-agricultural production and operation. The determination of a farm household loan shall be based on whether the main body of the loan is a farm household at the time of loan disbursement. The term, as used in this notice, refers to a single and that the following loans. Said, is a single and the household loan balance totaling 100,000 yuan (including) the following institutions should be eligible for interest income from farmers for separate accounting, can not be separately accounted for shall not apply the preferential policies specified in the notice.

Therefore, those that meet the above conditions can enjoy the preferential policy of reducing income from enterprise income tax.

NO.2Q: Is the loan loss provision for small and medium-sized enterprises (SMEs) by financial enterprises deductible before enterprise income tax?

"On the financial enterprises on agriculture-related loans and small and medium-sized enterprise loan loss quasi-problem notice" (Cai Shui [201 stipulates that the financial enterprises in accordance with the "loan wind (Yinfa [2001] No. 416), its agriculture-related loans and small and medium-sized enterprise loans for risk classification, according to the loan loss reserve, permitted to be in the 1) concerned about the category of loans, the proportion of 2%; (2) subprime loans, the proportion of is 25%; (3) doubtful category loans, accrual loans, accrual ratio is 100%.

At the same time, articles 3 and 4 of the document stipulate that the so-called small and medium-sized enterprise loans, refers to the financial enterprises to the annual sales and total assets of enterprises not exceeding 200 million yuan of loans. Financial enterprises incurred eligible agricultural loans and small and medium-sized enterprise loan losses, should be deducted first in the pre-tax deduction of loan loss reserves, less than the deduction of part of the deductible amount can be deducted.

Three, business loans to play third-party accounts to collect tax?

No tax. The third party is only as a payee to collect the money, after the loan arrives will directly let you transfer the money to other accounts, usually will not be in your account overnight, so the bank will not be able to give you the interest settlement, and will not collect your personal income tax.

Public money smuggling account not only involves personal income tax issues, but also involves evasion of corporate income tax and other issues, the problem once exposed will be subject to administrative penalties, serious will be held criminally liable if it is a tax avoidance behavior, may be held criminally liable

Four, the company's corporate income tax how to pay, a month a payment, or a quarter ...

Calculated on an annual basis and prepaid quarterly. The year end within five months of the remittance.