Not yet registered as a self employed?Learn about all the advantages of self employment in one artic

Mondo Social Updated on 2024-01-30

Business is the process, finance and taxation are the result, and there are thousands of tax problems, pay attention to the "Tax Abacus" to help you find the answer.

This year, the number of self-employed individuals is particularly large, and the reason is that in order to encourage mass entrepreneurship and under the call of innovation, there are many preferential policies for the reduction of value-added tax and enterprise income tax for self-employed individuals.

The Regulations on Promoting the Development of Individual Businesses and Businesses, which came into effect in November 2022, have provided strong support for the development of self-employed individuals in terms of registration, business premises, capital, finance and taxation, finance, social security, entrepreneurship and employment, community convenience, and intellectual property protection.

Since self-employed people are so popular, what are the advantages of self-employed people?

First of all, it is possible to register without a storefront, and you can register your business address as your residence. The registration period is also very short, and the invoice can be issued within a week.

Secondly, you don't need to open a corporate account, and you can receive money with your bank card.

Finally, you can apply for the procurement qualification, as long as you provide complete information proof, you can participate in procurement activities.

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And like self-employed people and companies, it is suitable for various industries, and the scope of invoicing is also very wide, such as construction, labor, technical consulting and sales. Self-employed individuals can also be changed to a company, as long as the ** service center or municipal supervision office in the jurisdiction submits information in accordance with the regulations, the change can be made.

So what are the advantages of self-employed people in terms of taxation?

OneSelf-employed individuals are exempt from 25% corporate income tax and 20% dividend tax, and pay individual income tax on production and operation.

2. You can apply for verification in the tax park, and the comprehensive tax rate is very low.

The individual income tax of self-employed individuals established in the tax park is only 025%—0.8%, plus value-added and surcharges, the combined tax rate is only about 2%. 5 million VAT invoices can be issued every yearTax profits can be freely disposed of, which can save the risk of public to private.

Agency services can be provided, and you can consult if necessary.

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