ABC Ltd, a consultancy company based in the Macau Special Administrative Region, provided consultancy services to a client in Shanghai. According to the service contract, ABC Ltd will receive a fee, net of value added tax (VAT), of RMB500,000. The Shanghai tax authority considers that ABC Ltd has a China permanent establishment and so has assessed ABC Ltd to enterprise income tax (EIT) on the service fee based on a deemed profit rate of 20%. Consultancy service fees are subject to VAT at the rate of 6%. How much enterprise income tax (EIT) will ABC Ltd have to pay on the service fee? A.RMB100,000 B.RMB25,000 C.RMB23,585 D.RMB10,000