Taxable profit is calculated on the basis of the balance sheet, i.e. operating value, determined from the balance sheet data. From a legal point of view, any income minus tax credits is taxed.
Instructions
Step 1
The net income of the enterprise is the amount obtained by deducting from the gross income all costs of production and sale, as well as the amount of tax. This income is the result of the entrepreneur's activities, an indicator of the efficiency of his employees and the optimal use of the company's resources.
Step 2
In order to provide information to the state tax office, it is necessary to find taxable income. To do this, you must first calculate the balance (gross) profit, which is equal to the difference between the aggregate income from the sale of goods and fixed assets, as well as the company's securities and the cost of production: Mon = Pb - Pdop - Nned - Plg.
Step 3
As you can see from the formula, the balance sheet profit is reduced by some values. TPP is the total income from activities that are taxed. These are securities transactions, equity participation in joint projects with other companies. This value does not include payments to shareholders that do not exceed the amount of his contribution to the authorized capital, as well as the issuance of shares or shares of the same enterprise to them.
Step 4
Nned is a property tax. Its objects include the components of fixed assets, both production and non-production, which are the property of the enterprise. In addition, construction in progress is taken into account.
Step 5
Preferential profit Plg is income from activities or facilities that are legally exempt from tax. This is the profit spent on eliminating the consequences of accidents, environmental or fire-prevention actions, research work, increasing the volume of consumer products, etc.
Step 6
Also, no tax is levied on profits directed to charity: the maintenance of preschool institutions, children's camps, homes for the elderly and the disabled, employment of disabled people at their enterprise, etc. However, the amount of preferential profit should not exceed 50% of the balance sheet.
