1、business income versus taxable income
2、The money is deductible from taxable income.
3、The amount of taxable income shall be computed as follows:
4、Local income tax shall be computed on the taxable income at the rate of three percent.
5、The two major concepts of income that appear on the tax return are: adjusted gross income and taxable income.
6、Article 10 When calculating the taxable income amount, none of the following expenditures may be deducted.
7、To illustrate, assume that a corporation pays income taxes at a rate of 3% on its taxable income.
8、The first family's adjusted gross income for 2010 was $1.728 million. Their taxable income after deductions was $1.34 million.
9、30% is charged on the first part of your taxable income.
10、Deductions are either standard or itemized. A standard deduction reduces taxable income by a fixed amount.
11、In America, Ireland and Spain, homeowners can deduct mortgage-interest payments from taxable income.
12、for interest, dividends, bonuses, contingent income and other income, the taxable income may be the full amount received in each payment.
13、Article 30 an enterprise may additionally calculate and deduct the following expenditures in the calculation of the taxable income amount.
14、For enterprise which can provide complete and accurate account of cost and expense, "Profit (loss)"and Line 3 of "Computation of taxable income"should be filled out for computation of taxable income.
15、America, for example, should no longer allow homeowners to deduct mortgage interest payments from their taxable income.
16、To deduct(an unused tax credit or a loss, for example) for taxable income of a subsequent period.
17、There’s a big tax advantage to doing it that way, since employer contributions to health care aren’t considered taxable income.
18、And the local income tax shall be calculated based on the taxable income amount and the tax rate is 3 per cent.
19、If the income is in the form of physical objects, the amount of taxable income shall be determined according to the price specified on the voucher obtained.
20、In addition to the income tax levied on foreign enterprises in accordance with the provisions of the preceding article a local income tax of 10 per cent of the same taxable income shall be levied.
21、"For income from transfer of property, the taxable income shall be the amount remaining from the gross transfer income after deducting the original value of the property and reasonable expenses"
22、In calculating the taxable income of a taxpayer, the total assessable income derived by him during the year of income shall be taken as a basis, and from it there shall be deducted all allowable deductions.
23、For those that compute the quarterly income tax installments payable on the basis of 1/4 of the taxable income of last year, deemed profit rate or other methods allowed, Lines 4,5 and 6 of "Computation of taxable income"shall be filled out.
24、The REIT must distribute at least 90 percent of its annual taxable income, excluding capital gains, as dividends to its shareholders.
25、But taxable income is very responsive to tax changes. The rich adjust by tweaking the manner and timing of their compensation.
26、You may deduct donations from your federally-taxable income. Please contact a tax professional for the details of deducting such a donation.
27、Income tax on foreign enterprises shall be assessed at progressive rates for the parts in excess of a specific amount of taxable income. The tax rates are as follows:
28、The rapid calculation of deducted amount for calculating payable tax amount for the taxable income to which the progressive rates are levied on income in excess of specific amounts, for details see attached Tables 1, 2 and 3.
29、"For income from wages and salaries, a monthly deduction of 800 yuan shall be allowed for expenses and that part in excess of 800 yuan shall be the taxable income"
30、Article27 Accounts receivable already itemized as bad debt losses which are recovered in full or in part by an enterprise in a subsequent year shall be included in taxable income of the year of recovery.
