Bur Ltd qualified as a small-profit enterprise in 2017. Its enterprise income tax (EIT) status is as follows:
RMB
Tax loss brought forward from 2016 38,000
Taxation profit for 2017 220,000
What is Bur Ltd’s enterprise income tax (EIT) payable for 2017?
Taxable profit = 220,000 – 38,000 = 182,000
EIT = 182,000 x 10%