In 2024, what are the advantages of individual industrial and commercial households? Many businesses

Mondo Social Updated on 2024-02-28

Within the scope of the law, individuals or families engaged in business can be approved as individual industrial and commercial households in accordance with the law, and the number of individual industrial and commercial households is huge, accounting for two-thirds of China's market, and the number of registrations exceeds 11.4 billion, but the scale is generally small, such as the common hardware stores, breakfast shops, restaurants, clothing stores, etc. in the market, which belong to individual industrial and commercial households.

Because of the impact of the epidemic, in recent years, the national and local support for individual industrial and commercial households is relatively large, and a lot of preferential tax policies have been introduced, so individual industrial and commercial households have also become small experts in tax reduction for some enterprises.

1.Individually-owned businesses only need to pay VAT, additional tax, and personal business income tax, and do not need to pay dividend tax.

2.The registration of individual industrial and commercial households is fast, the park has a special person to account for the account, the declaration and cancellation process is simple, and the whole process does not need to be present in person, only relevant information needs to be provided.

3.The scope of invoicing is wide, and there are not many restrictions on the industry, except for the industries prohibited by the state, you can also apply for verification and collection, so you can register a number of individual industrial and commercial households to undertake business.

4.The local preferential policies belong to the headquarters economy to attract investment, and there is no need for entities to settle in, and there are no restrictions on the whole country.

Individually-owned businesses shall apply for verification and collection in the preferential parkThe approved tax rate of individual income tax is 025%-1%, VAT can be reduced this year, and the comprehensive tax rate is 2Within 5%, 4.5 million can be issued a year, issue an invoice of 1 million a year, and only need to pay less than 2The tax of 50,000 yuan only needs to ensure the authenticity of the business and ensure the integration of the three streams.

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