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In 2024, 15 departments, including the Ministry of Finance, the Ministry of Industry, the Market Supervision Bureau, Human Resources, Housing and Urban-Rural Construction, and Transportation, will jointly issue a document to support the development of individual industrial and commercial households, and provide guidance on accurately helping to improve the development quality of individual entrepreneurs.
As the most basic type of enterprise in China, individual industrial and commercial households are operated by individuals or family organizations, the volume is relatively small, the business scope is limited, usually a self-employed person is a family in the operation, China currently has more than 100 million individual industrial and commercial households, which is also the largest number of enterprises in China.
The large number of individual industrial and commercial households also represents that among the people who start their own businesses in our country, one in every 14 people is starting a business, in line with the concept of mass entrepreneurship and innovation put forward by our country, the state has repeatedly issued documents to discriminate against individual industrial and commercial households for public procurement, and to encourage and support the development of self-employed people.
At present, the value-added tax is levied at 1%, 100,000 per month, 300,000 per quarter and 300,000 general invoices are exempt from VAT, and the annual taxable income of 2 million is halved to levy personal business income tax.
Individually-owned businesses can also apply for verification and collection, and most of them can be verified, after all, let a self-employed person who sells breakfast, noodles, hardware, barber shops, etc., have to pay taxes, which is very difficult.
After the individual industrial and commercial households are verified and collected,It can reach 100,000 per month and 300,000 per quarter, exempt from VAT and personal business income tax, that is, exempt from tax.
Large-amount individual industrial and commercial households are approved and collectedThe individual income tax is 025%-1%, VAT reduced by 1%, comprehensive tax burden 2%-3%.It can be opened within 5 million a year, and the comprehensive tax burden is also relatively low.
At present, the park also has incentives and subsidiesFor an annual tax of 1 million, the local government can subsidize 400,000to effectively reduce the tax burden of enterprises. Verified collection for self-employed individualsTo learn more about the preferential tax policies, please pay attention to "Tax Bar".