培训课程
Business Tax (BT) 2
3. CALCULATION OF TAX LIABILITIES
Tax liabilities = Turnover * applicable tax rate
Turnover normally includes all the consideration from a transaction, including commission, handling charge and insurance, etc, no deduction is allowed except in some special cases as follows:
The fee income received by a domestic transportation company from cross- boarder delivery can deduct the fees paid to overseas freighter for carrying of those passengers or goods outside the PRC.
@A domestic transportation company exports some goods, received whole journey transportation fee RMB 60,000, including 5% insurance fee, overseas freight RMB 25,000 paid to an overseas transportation company.
Calculate the business tax for the domestic company: (60,000 - 25,000) x 3% RMB1,050
The fee income received by a domestic travel agency from cross-boarder tours can deduct the fees paid to overseas travel agency for organizing those tours outside the PRC.
@A travel company organized an overseas traveling, total income is RMB8 million; it paid RMB3 million to the oversea tourist company and paid the domestic transportation fee RMB 1.5 million.
Business tax = (8,000,000- 3,000,000- 1,500,000) x 5% = RMB 175,000.
The principal contractor of building construction can deduct the subcontracting fee to the subcontractors.
The re-finance lender in foreign currency can deduct the interest expenses paid on the borrowing amount. The interest paid to saving accounts and self-financed fund are not qualified.
The re-insurance can deduct the premium paid to the sub-insurancer.
@ ABC insurance company earned from insurance RMB 1 .5 million, paid the sub- insurance insurance fee RMB700,000 million.
Business tax (1,500,000 - 700,000) x 8% = RMB64,000.
The business of foreign exchange, transaction of securities and non- commodity future conducted by the finance institute can be taxed on the margin gained. Personal transaction for the above is not taxable.
The tourist company can deduct the amount of the hotel bill, food and beverage, entrance fee and others paid on behalf of the tourist to arrive the taxable turnover.
For individual performance, the amount of the rental, agency commission can he deducted from the box-office income.
The leasing company can deduct the Cost of the property, insurance, installation, transportation, custom duty, value-added tax, consumption tax, interest expenses of overseas foreign currency borrowing in relation to the purchase of the leased goods.
For self-construction-and-sales or the donation of immovable property by non- individual, the tax bureau may deem the turnover amount.
@ A company built an office and donated it to its related enterprise: the office has an assessed cost of RMB75O,000. Calculate the business tax for the company.
The donation of immovable property to other (non-individual)is regarded as sales of immovable property. Tax is based on both construction and sales of immovable property.
750,000 x (3% + 5%) = RMB6O,000
Tax liabilities = Turnover * applicable tax rate
Turnover normally includes all the consideration from a transaction, including commission, handling charge and insurance, etc, no deduction is allowed except in some special cases as follows:
The fee income received by a domestic transportation company from cross- boarder delivery can deduct the fees paid to overseas freighter for carrying of those passengers or goods outside the PRC.
@A domestic transportation company exports some goods, received whole journey transportation fee RMB 60,000, including 5% insurance fee, overseas freight RMB 25,000 paid to an overseas transportation company.
Calculate the business tax for the domestic company: (60,000 - 25,000) x 3% RMB1,050
The fee income received by a domestic travel agency from cross-boarder tours can deduct the fees paid to overseas travel agency for organizing those tours outside the PRC.
@A travel company organized an overseas traveling, total income is RMB8 million; it paid RMB3 million to the oversea tourist company and paid the domestic transportation fee RMB 1.5 million.
Business tax = (8,000,000- 3,000,000- 1,500,000) x 5% = RMB 175,000.
The principal contractor of building construction can deduct the subcontracting fee to the subcontractors.
The re-finance lender in foreign currency can deduct the interest expenses paid on the borrowing amount. The interest paid to saving accounts and self-financed fund are not qualified.
The re-insurance can deduct the premium paid to the sub-insurancer.
@ ABC insurance company earned from insurance RMB 1 .5 million, paid the sub- insurance insurance fee RMB700,000 million.
Business tax (1,500,000 - 700,000) x 8% = RMB64,000.
The business of foreign exchange, transaction of securities and non- commodity future conducted by the finance institute can be taxed on the margin gained. Personal transaction for the above is not taxable.
The tourist company can deduct the amount of the hotel bill, food and beverage, entrance fee and others paid on behalf of the tourist to arrive the taxable turnover.
For individual performance, the amount of the rental, agency commission can he deducted from the box-office income.
The leasing company can deduct the Cost of the property, insurance, installation, transportation, custom duty, value-added tax, consumption tax, interest expenses of overseas foreign currency borrowing in relation to the purchase of the leased goods.
For self-construction-and-sales or the donation of immovable property by non- individual, the tax bureau may deem the turnover amount.
@ A company built an office and donated it to its related enterprise: the office has an assessed cost of RMB75O,000. Calculate the business tax for the company.
The donation of immovable property to other (non-individual)is regarded as sales of immovable property. Tax is based on both construction and sales of immovable property.
750,000 x (3% + 5%) = RMB6O,000
