About the pre-tax deduction of business entertainment expenses
When the income tax is settled, the business entertainment expenses incurred by an enterprise should be adjusted first, and then the income base for calculating the adjusted amount should be determined. The following is what I brought to you about the pre-tax deduction of business entertainment expenses. Welcome to read.
1. Adjustment of the total amount of business entertainment expenses
When the income tax is settled, 4% of the business entertainment expenses incurred by an enterprise should be deducted first according to the total amount incurred, as a reference value for calculating the business entertainment expenses before income tax.
2. Determine the amount that can be included in the pre-tax deduction after adjusting the total amount of business entertainment expenses according to the income
After deducting 4% of the total amount, the amount of business entertainment expenses incurred by an enterprise is compared with .5% of the total income of the current year, and the pre-tax deduction of income tax shall not be higher than .5% of the total income of the current year.
3. Determine the base for calculating the pre-tax deduction amount of business entertainment expenses
(1) The income received in advance in the current year of real estate development and operation enterprises can be fully included in the current year's income of enterprises as the base for calculating the pre-tax deduction of entertainment expenses;
(2) according to the accrual basis, the income from selling goods and providing services realized by the enterprise in the current year;
(3) Income from assignment of the right to use assets, including rental income and income from assignment of the right to use intangible assets;
(4) dividends, bonuses and other equity investment income and interest income;
(5) tax-free income;
(6) regarded as sales revenue;
the above income * * * is isomorphic to form the base for calculating the pre-tax deduction amount of hospitality for enterprise income tax, and the deduction standard of advertising fee also refers to the total amount of the above income.
4. Income
(1) Non-operating income
includes fixed assets liquidation income and intangible assets ownership transfer income.
transfer and disposal of fixed assets and sale of intangible assets (transfer of ownership) belong to non-operating income; The transfer of the right to use fixed assets and intangible assets is rental income, which belongs to other business income.
(2) Although some income of non-real estate development and operation enterprises is approved as payable VAT income, according to the accrual basis, it does not belong to the income tax taxable income realized this year and should be adjusted when the income tax is settled.
For example, an enterprise signed an equipment purchase and sale contract with an agency at the end of 217. According to the contract agreement between the two parties, the enterprise will confirm the income and issue an invoice when it receives the advance payment at the end of 217, which is in line with the confirmation time of VAT taxable income. However, at this time, the goods were not actually delivered, and the delivery date of the goods agreed in the contract was in mid-June 216. Therefore, when calculating the income tax income, the income should be transferred to 216, and it should not be regarded as the income tax income in 217. Similarly, this income cannot be used as the tax base for enterprises to calculate the pre-tax deduction amount of hospitality in 217. ;