Are there any benefits to the individual income tax of sole proprietorship?
1. Persons with disabilities
If the production and operation income obtained by the disabled person who invests in or participates in the investment and establishment of a sole proprietorship enterprise and a partnership enterprise meets the conditions for reducing individual income tax stipulated by the people of various provinces, autonomous regions and municipalities directly under the Central Government, upon his application and examination and approval by the competent taxation authorities, he or she may reduce the individual income tax according to the scope and range of the reduction stipulated by the people of the provinces, autonomous regions and municipalities directly under the Central Government.
For sole proprietorships and partnershipsEngaged in planting, breeding, breeding and fishing(hereinafter referred to as the "Four Industries").
The income of the "four industries" obtained by its investors is not subject to individual income tax for the time being.
3. SelfRetired soldiers of the main employment
From January 1, 2023 to December 31, 2027Self-employed retired soldiersFor those engaged in self-employment, starting from the month of registration of individual industrial and commercial households, within 3 years (36 months, the same below), the value-added tax, urban maintenance and construction tax, education surcharge, local education surcharge and individual income tax actually payable in the current year shall be deducted according to the annual limit of 20,000 yuan per household. The quota standard can be increased by up to 20%, and the people of all provinces, autonomous regions and municipalities directly under the Central Government** can determine the specific quota standard within this range according to the actual situation of their respective regions.
If the annual tax payable by the taxpayer is less than the above-mentioned deduction limit, the amount of tax reduction and exemption shall be limited to the tax actually paid;If it is greater than the above deduction limit, the above deduction limit shall be limited.
If the actual business period of a taxpayer is less than one year, the tax reduction and exemption limit shall be converted on a monthly basis. The conversion formula is: tax reduction and exemption limit = annual tax reduction and exemption limit 12 months of actual operation. The basis for calculating the urban maintenance and construction tax, education surcharge and local education surcharge is the value-added tax payable before enjoying this preferential tax policy.