Enterprise Income Tax Law Of China

Corporate income tax isproduction and business enterprises to obtain income and other income for tax, a tax levied by the object. Corporate income tax has been two hundred years of history. It has gradually become the world's developed countries' main taxes. It plays an important role In the modern tax system. It is important means of the allocation of countries to participate in corporate profits, encouraging enterprises to reproduce, and create a market economy, orderly and fair competitive environment. It is Countries key economic levers of macroeconomic control and important source of state revenue. China's corporate income tax is on domestic enterprises in China (foreign-invested enterprises and foreign enterprises) in the production and operation income and other income to be levied a tax levied. China's new Enterprise Income Tax Law is summed up in the old income tax system based on implementation experience, in the context of the restructuring of our society, after a long history of exploration, reform and correction, gradually built up eventually. January 1,2008,with the implementation of the new Enterprise Income Tax Law, two tax integration achieved. The enterprise income tax, the statutory tax rate, tax deduction and tax incentives were the standard uniform. The implementation of the new tax law, play a important role in the environment of fair competition on the establishment of enterprises, enhance the international competitiveness of enterprises, improve the tax system, tax benefits of maintaining the tax system with international standards, development of market economy has played a positive role. However, the new role of corporate income tax law certainly, but also must be noted that the new Enterprise Income Tax Law, there are still many flaws and shortcomings.This article, I use empirical analysis, comparative analysis, review of Enterprise Income Tax Law of China on the basis of the development process, and New Enterprise Income Tax Law with the progress of reform measures. Order to improve tax fairness and enhancing the operability of Enterprise Income Tax Law for the pursuit of value for the new Enterprise Income Tax Law of the defects and deficiencies, several important aspects of which briefly discussed, and improvements to its slightly my humble opinion.In the first part of the corporate income tax system in our country's history a brief review and summary of corporate income tax system to grasp the evolution of the process. Because of corporate income tax system is the establishment and improvement of the macro-social transformation in our context, along with the socialist market economic system from scratch, from initial exploration to the final establishment of the development process to grow up, its historical context is the same strain The. Therefore, the development of China's corporate income tax system review process and summary of the history and contribute to the development of our vision, to properly examine the merits and defects of the existing system, and forward-looking corporate income tax system, legal system and the whole future direction of tax. This part mainly involved:reform and opening up the enterprise income tax system; differentiated corporate income tax system construction; Unified Enterprise Income Tax, respectively; unified Enterprise Income Tax. This article discusses the second part of the new Enterprise Income Tax Law of the main elements of reform. Statement of facts and values related to two aspects of evaluation. That is the new Enterprise Income Tax Law for the main elements of reform, to explain its significance. New Enterprise Income Tax Law is not sufficient to cope with the existing tax system, social and economic life of the present needs of the new situation, a historical perspective and practical dimensions of the economic life of the new market conditions and new content made a positive response. The third part of this article with the new Enterprise Income Tax Law of the status and implementation of legislation on corporate income tax systems of major defects and deficiencies start instructions. Includes the following main areas:tax collection and remote branch office issues, the clarity of the standard tax deduction question the fairness of tax incentives and special tax adjustments of the regulatory issues. Improvement of the fourth part is the basic idea of corporate income tax system. For the third part of the issues raised, with the actual situation, in the promotion of tax fairness and tax workable premise, some suggestions are given for these problems and views. The main content of this part of the people involved in illegal off-site branch offices to strengthen the relationship between administration of pre-tax deduction of more specific policy provisions and tax incentives for further improvement.