Can the establishment of a sole proprietorship be fully exempted from VAT and income tax?
Of course, it has to be said that when it comes to the registration of self-employed individuals, the entire establishment time, method and process are relatively simpler and more convenient than that of sole proprietorships and limited companies. In addition, there are few restrictions on the scope of business, which is suitable for most industries. At this time, the relevant preferential policies for individual industrial and commercial households are very suitable for many enterprises.
In the past, there were actually relevant changes in the income tax collection method for self-employed individuals in some areas, and many areas with a monthly turnover of 100,000 or more than 150,000 yuan could not enjoy the approved collection policy, and could only be collected in accordance with the audit method. For self-employed enterprises, if the income tax cannot apply to enjoy the approved collection policy, then the income tax rate is still relatively high according to the audit method! So, at present, what preferential policies can be enjoyed by setting up individual industrial and commercial households?
Individual industrial and commercial households now choose to be assessed and collected, and according to the region, they can now enjoy the preferential income tax rate of 0.5%-1%! This is suitable for all self-employed applicants to enjoy! VAT is a reduction policy, and it is basically levied at a rate of 1%!
So, at present, according to the situation of the enterprise, in fact, there is another policy for individual industrial and commercial households, that is, the double exemption policy for individual entrepreneurs. The double exemption for self-employed individuals is the exemption of value-added tax and income tax, and the comprehensive tax rate is 0! So, how can this policy be enjoyed?
First of all, the establishment of individual industrial and commercial households, with an annual turnover of less than 1.2 million, a quarterly turnover of less than 300,000, and a monthly turnover of less than 100,000 can be enjoyed!
Then there is the self-employed double exemption, only the general ticket!
Finally, ensure that the business is authentic, and ensure that the third stream is consistent or the fourth stream is consistent! Of course, no matter what kind of preferential treatment the enterprise applies for, it is necessary to ensure this condition!
The self-employed double exemption policy is now suitable for most enterprises to apply for and enjoy, according to their own situation, choose to enjoy certain discounts!
Disclaimer: The source of the article is reprinted from Gong Yi Yi Hao's "Tax Sui" for details, you can move here