What is the formula for calculating profit before tax in Vietnam? Which income of enterprises is subject to corporate lịch trực tiếp bóng đá hôm nay in Vietnam?

What is the formula for calculating profit before tax in Vietnam?

Based on point 3.15, clause 3, Article 113 ofCircular 200/2014/TT-BTCwhich stipulates:

Guidance on preparing and presenting the Statement of Business Performance (Form No. B02-DN)

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3. Content and method of calculating indicators in the Business Performance Report

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3.15. Total accounting profit before tax (Code 50):

This indicator reflects the total accounting profit achieved in the reporting year of the enterprise before deducting corporate lịch trực tiếp bóng đá hôm nay expenses from business operations and other activities arising during the reporting period. Code 50 = Code 30 + Code 40.

Thus, the profit before tax is the indicator code 50 on the Business Performance Report according to Form No. B02-DN issued withCircular 200/2014/TT-BTC.

Specifically, profit before tax includes all profits from manufacturing, business operations, financial profits, and other arising profits. Profit before tax is calculated as total revenue minus expenses.

The formula for calculating profit before tax is as follows:

In which:

- Total revenue is the entire revenue collected from the enterprise's production and business activities as shown in receipts and sales invoices.

- Fixed expenses include cost of goods sold, transportation costs, production costs, employee hiring costs, rental costs, and other fixed expenses in business.

- Incidental expenses are all expenses incurred during the company's operations that are not planned by the enterprise.

What is the formula for calculating profit before tax in Vietnam?(Image from the Internet)

Which income of enterprises is subject to corporate lịch trực tiếp bóng đá hôm nay in Vietnam?

According to Article 3 of theLaw on Corporate lịch trực tiếp bóng đá hôm nay 2008(amended by clause 1, Article 1 of theLaw on Amendments to Tax Laws 2014) it is stipulated that taxable lịch trực tiếp bóng đá hôm nay includes:

(1) Taxable lịch trực tiếp bóng đá hôm nay includes lịch trực tiếp bóng đá hôm nay from production activities, business of goods, services, and other lịch trực tiếp bóng đá hôm nay specified in (2).

(2) Other lịch trực tiếp bóng đá hôm nay includes: lịch trực tiếp bóng đá hôm nay from capital transfers, contribution capital transfers; lịch trực tiếp bóng đá hôm nay from real estate transfers, project transfers, right to participate in project transfers, rights to explore, exploit, and process minerals transfers; lịch trực tiếp bóng đá hôm nay from the use rights of assets, ownership rights of assets, including lịch trực tiếp bóng đá hôm nay from intellectual property rights as prescribed by law; lịch trực tiếp bóng đá hôm nay from transfers, leasing, liquidation of assets, including valuable papers; lịch trực tiếp bóng đá hôm nay from interest on deposits, loans, foreign exchange sales; collection from previously written-off bad debts now collected; collection from obligations not identifiable in liability; lịch trực tiếp bóng đá hôm nay from business activities in previous years overlooked and other lịch trực tiếp bóng đá hôm nay.

Vietnamese enterprises investing abroad transferring post-corporate lịch trực tiếp bóng đá hôm nay profits back to Vietnam, in countries that Vietnam has signed double taxation avoidance agreements, shall comply with the agreements; in countries that Vietnam has not signed such agreements, if the corporate lịch trực tiếp bóng đá hôm nay rate where the enterprise operates is lower, the difference will be collected based on the Vietnam Corporate lịch trực tiếp bóng đá hôm nay Law.

Which income of enterprises is exempt from corporate lịch trực tiếp bóng đá hôm nay in Vietnam?

According to Article 4 of theLaw on Corporate lịch trực tiếp bóng đá hôm nay 2008(supplemented by clause 3, Article 1 of theAmended Law on Corporate lịch trực tiếp bóng đá hôm nay 2013and clause 2, Article 1 of theLaw on Amendments to Tax Laws 2014) specific regulations on tax-exempt lịch trực tiếp bóng đá hôm nay are as follows:

(1) lịch trực tiếp bóng đá hôm nay from cultivation, husbandry, aquaculture, processing agricultural products, aquaculture production, salt production of cooperatives; lịch trực tiếp bóng đá hôm nay of cooperatives operating in agriculture, forestry, fishery, and salt production in areas with difficult or particularly difficult socio-economic conditions; lịch trực tiếp bóng đá hôm nay from cultivation, husbandry, aquaculture, processing agricultural products, aquaculture production in areas with particularly difficult socio-economic conditions; lịch trực tiếp bóng đá hôm nay from fishing activities.”

(2) lịch trực tiếp bóng đá hôm nay from the provision of technical services directly serving agriculture.

(3) lịch trực tiếp bóng đá hôm nay from performing contracts for scientific research and technology development, products in the trial production stage, products made from new technology applied for the first time in Vietnam.

(4) lịch trực tiếp bóng đá hôm nay from production and business activities of goods and services of enterprises with at least 30% of the average number of employees in the year being persons with disabilities, rehabilitated persons, and individuals infected with HIV/AIDS, and having at least twenty employees on average in the year, excluding enterprises operating in finance, real estate business sectors.”

(5) lịch trực tiếp bóng đá hôm nay from vocational training activities specifically for ethnic minorities, disabled persons, children in special difficult circumstances, and social evil subjects.

(6) Dividends from capital contributions, joint ventures, or affiliate linkage with domestic enterprises, after corporate lịch trực tiếp bóng đá hôm nay has been paid according to theLaw on Corporate lịch trực tiếp bóng đá hôm nay 2008.

(7) Sponsored funds received for educational, scientific research, cultural, artistic, charitable activities, humanitarian activities, and other social activities in Vietnam.