According to the latest preferential tax policies in 2023, VAT will be exempted for small-scale taxpayer enterprises with monthly sales of less than 100,000 yuan and no more than 300,000 yuan per quarter. The validity of this policy has been extended from January 1, 2023 to December 31, 2027. For small-scale VAT taxpayers, the 3% levy rate shall be reduced to 1%. However, there are four misconceptions that small-scale business owners need to be aware of when enjoying this policy.
Myth 1: Exemption is only exempt from VAT
That's right!Tax exemption mainly refers to the exemption from VAT, but does not include other taxes, such as corporate income tax. Other taxes still need to be paid on time.
Myth 2: Special tickets can also be tax-free?
Wrong!The tax exemption policy only applies to the amount issued by ordinary invoices, and does not apply to special VAT invoices. If a special ticket is issued, the tax needs to be paid according to the amount issued, which should not be confused.
Myth 3: The tax-exempt quota is the amount of a certain type of bill
No. The tax exemption limit is the upper limit of the total amount of invoices issued (including general and special invoices). For example, if 60,000 special tickets are issued this quarter, then the tax exemption amount of this quarter is 240,000.
Myth 4: The tax-free amount of 300,000 yuan is the after-tax amount
Incorrect. The tax exemption limit of 300,000 yuan refers to the pre-tax amount, and there is a gap between the pre-tax amount and the actual amount, which needs to be distinguished.
The above is the analysis of Xi'an Junyi Finance's 300,000 tax exemption misunderstandings for small-scale companies, I hope to help you!