Q: My company accumulated deficit approximately 350,000RMB as of 2022, can I use it to offset 2023profit when calculation the enterprise income tax?
R: The losses can be offset taxable profit within 5 years when calculation the enteprise income tax. So if it is still in 5 years, then can be used to offset the 2023 taxable profit.
Please note that here loss is not the loss in accounting book, it is the result after some adjustments according to tax law, this loss amount can be found in the annual settlement of enterprise income tax.
Please contact us with any enquiries
wcx@ruanyinchina.com
www.dtcxw.cn
+86 021 6049 2821
+86 189 1629 8482
