Comparative analysis of the new or old corporate income tax
Abstract
Nowadays, our economic social circumstance has changed a lot; the socialist market economic system has been preliminarily established. Since joint WTO, domestic market is open more to foreign-owned enterprises, and domestic enterprises enter into the world economic system gradually. If we still adopt different tax policies for domestic and foreign-owned companies respectively, it should badly be affected by establishing a market circumstance with unified, normative and fair competition. Our country carried out《 The Income Tax Law of the People's Republic of China Enterprises》《The Income Tax Enforcement Regulations of the People's Republic of China Enterprises》(New Tax Law in short) since 1st,Jan, 2008. the New Tax Law gears to the interior needs of present stage and medium or long term development, it unify the income tax institution of both domestic and foreign-owned enterprises, the enforcement should make great and profound influence for our economic development. This article analyzes the publishing background of New Cooperate Income Tax, Then makes a comparative analysis of old new cooperate income tax rate, tax preference of old new cooperate income tax and the related parties and its transaction difference of old new cooperate income tax , as well as analyze the features and influences of new cooperate income tax in order to provide theory discussion and actual operation supporting. Combined the income tax of domestic and foreign-owned enterprises is longwaited and noticeable, each enterprise is affected by the reform process. It is an important issue for each enterprise concerning and thinking about that how to grasp new tax reform situation, grasp the latest policy, and get around the influence that the tax reform brought, catch chance to push enterprise economic increasing.
Key Words：Income tax law of new enterprise；Income tax law of old enterprise；Comparative analysis
