Author WSMARKET on February 23rd, 2008 at 09: 04: 43 (156 1 reading)
Q: I want to ask a question about how to calculate the income from recycling waste materials. My friend works in a new packaging factory. Some wastes are produced every day, but they can be recycled. Now I'm thinking about how to calculate this part of my income. If there is no record, what will the tax bureau do?
A: Hello, the waste sales income should be recorded as "other business income" as an income item, and the value-added tax and enterprise income tax should be declared and paid. If the income is not recorded and the tax is not declared, the tax authorities will deal with it according to the corresponding tax laws and regulations.