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.
第十六条企业转让资产，该项资产的净值，准予在计算应纳税所得额时扣除。
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).
对这种情况，计税收入要按总收入（合价外费用）减去出租资产的实际成本后的余额计算。
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;
转让财产所得，以收入全额减除财产净值后的余额为应纳税所得额；

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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