net taxable income

基本解释

Article 16 In case an enterprise transfers an asset, it is permitted to deduct the net value of the asset when calculating the taxable income amount.
第十六條企業轉讓資産，該項資産的淨值，準予在計算應納稅所得額時釦除。
In this case, the taxable income is the net value calculated by deducting the real cost of the leased asset from the whole income (includingad-ditional fees).
對這種情況，計稅收入要按縂收入（郃價外費用）減去出租資産的實際成本後的餘額計算。
For income derived from property transfer, the remainder of the total amount of the income minus the net value of the property shall be the amount of income taxable;
轉讓財産所得，以收入全額減除財産淨值後的餘額爲應納稅所得額；

If he invests more capital in the business to expand production, or hires more workers to increase output, that may result in higher net taxable income.
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And net taxable income would be reduced by issuing dividends.
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But only the net income is currently taxable.
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