How to calculate tax formula
Tax calculation is an important part of personal and business financial management. Whether it is personal income tax, value-added tax or corporate income tax, mastering the correct calculation formula can help you plan your finances reasonably. This article will provide you with a detailed analysis of common tax calculation methods based on recent hot topics, and provide structured data tables for your reference.
1. Personal income tax calculation formula
Personal income tax adopts a progressive tax rate system, and the calculation formula is as follows:
| Taxable income (yuan) | Tax rate (%) | Quick calculation deduction (yuan) |
|---|---|---|
| Not more than 3,000 | 3 | 0 |
| 3,000-12,000 | 10 | 210 |
| 12,000-25,000 | 20 | 1,410 |
| 25,000-35,000 | 25 | 2,660 |
| 35,000-55,000 | 30 | 4,410 |
| 55,000-80,000 | 35 | 7,160 |
| More than 80,000 | 45 | 15,160 |
Calculation formula:Tax payable = taxable income × tax rate - quick deduction.
2. Value-added tax calculation formula
Value-added tax is divided into two calculation methods: general taxpayers and small-scale taxpayers:
| Taxpayer type | Tax rate/levy rate | Calculation formula |
|---|---|---|
| General taxpayer | 13%, 9%, 6%, etc. | Tax payable = Output tax – Input tax |
| small taxpayer | 3% (temporarily reduced to 1% in 2023) | Tax payable = sales × collection rate |
3. Corporate income tax calculation formula
The corporate income tax rate is 25%, but qualified small and low-profit enterprises can enjoy preferential tax rates:
| Business type | Tax rate (%) | Calculation formula |
|---|---|---|
| General enterprise | 25 | Tax payable = Taxable income × 25% |
| Small low-profit enterprises (annual profit ≤ 3 million) | 5 (2023 Policy) | Tax payable = Taxable income × 5% |
4. Recent hot tax topics
1.Special additional deduction standards for personal income tax increased: Starting from August 2023, special additional deduction standards for care of infants and young children under 3 years old, children’s education, and supporting the elderly will be increased to further reduce family tax burdens.
2.Tax incentives for small and micro enterprises extended: The state’s income tax reduction and exemption policy for small and low-profit enterprises has been extended to the end of 2027 to help the development of small and medium-sized enterprises.
3.Digital RMB Tax Refund Pilot: Some regions have launched digital RMB tax refund services to improve tax refund efficiency.
5. Things to note when calculating taxes and fees
1. Pay attention to policy changes in a timely manner, such as VAT reduction and exemption policies for small-scale taxpayers, adjustments to individual tax deduction standards, etc.
2. Keep complete receipts and vouchers, especially input invoices, expense documents, etc.
3. Make reasonable use of preferential tax policies, such as super deductions for research and development expenses, preferential tax rates for high-tech enterprises, etc.
Through the above formulas and tables, you can quickly master the calculation methods of common taxes. If you need complex scenarios (such as cross-border taxation, equity transfer, etc.), it is recommended to consult a professional tax agency.
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