2.Determine the industry to which it belongs
3.Determine the approved method.A. Fixed-rate levy of the Approved taxable income according to the total income or approved by the total cost income; B. Approved fixed-rate levy.
4. If the fixed-rate levy, you need to determine the specific industry taxable income rate. The General Administration of the range, the specific taxable income rate to refer to the local documents applicable in the year
5. If your business is commercial wholesale, approved by the total revenue, the specific industry taxable income rate of 5%, then:
Taxable Income = Taxable Income × Taxable Income Rate = 65 * 5% = 3.25
Income Tax Payable = Taxable Income × Applicable Tax Rate = 3.25*25%=0.8125