XML 74 R41.htm IDEA: XBRL DOCUMENT v3.21.1

Taxation (Tables)

12 Months Ended

Dec. 31, 2020

Taxation

Schedule of reconciliation of the differences between the statutory income tax rate

		For the year ended
		December 31,
		2018		2019		2020
		%		%		%
Statutory income tax rate of the PRC		25.0		25.0		25.0
Permanent differences		(10.4)		(10.0)		—
Change in valuation allowance		(14.6)		(15.0)		(25.0)
Others		—		—		(0.6)
Effective income tax rate		—		—		(0.6)

Schedule of net operating tax loss carry forwards

As of December 31, 2020, certain entities of the Company had net operating tax loss carry forwards as follows:

		RMB
Loss expiring in 2021		15,110
Loss expiring in 2022		17,811
Loss expiring in 2023		64,758
Loss expiring in 2024		179,412
Loss expiring in 2025		68,548
		345,639

Schedule of temporary differences to the deferred tax assets and liabilities

The following table presents the tax impact of significant temporary differences that give rise to the deferred tax assets as of December 31, 2019 and 2020:

		December 31, 2019		December 31, 2020
		RMB		RMB
Deferred tax assets:
Advertising expense in excess of deduction limit		43,262		20,871
Accrued expense and other payables		6,615		13,422
Net operating tax loss carry forwards (Note)		39,836		86,410
Total deferred tax assets		89,713		120,703
Less: valuation allowance		(89,713)		(120,703)
Net deferred tax assets		—		—

Note: Upon the acquisition of Longye on January 13, 2020, the Group recorded deferred tax assets due to tax losses and related valuation allowance by approximately RMB1,494 (US$229) and RMB1,494 (US$229), respectively.

Schedule of aggregate valuation allowances for deferred tax assets

valuation allowances on the related deferred tax assets. The following table sets forth the movement of the aggregate valuation allowances for deferred tax assets for the periods presented:

		Balance at January 1		Addition		Balance at December 31
		RMB		RMB		RMB
2018		(48,555)		(14,159)		(62,714)
2019		(62,714)		(26,999)		(89,713)
2020		(89,713)		(30,990)		(120,703)

		December 31, 2019		December 31, 2020
		RMB		RMB
Deferred tax liabilities:
Identifiable intangible assets arising from acquisition		—		5,451
Total deferred tax liabilities		—		5,451

X

- Definition

Represent information about deduction against future taxable profit.

+ References

No definition available.

+ Details

Name:	tc_ScheduleOfFutureTaxableProfitTableTextBlock
Namespace Prefix:	tc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration