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In recent years, with the development of the economy and the adjustment of tax policies, the tax issue of self-employed people, as an important part of the market economy, has attracted increasing attention. However, many self-employed individuals have many misunderstandings in the process of operation, resulting in unnecessary tax risks.
This article will reveal the common tax misunderstandings of self-employed individuals, and remind the majority of self-employed individuals to keep accounts in accordance with the law and stay away from risks.
Myth 1: Self-employed people don't need to keep accounts
Many self-employed people believe that their business is small and does not need to establish a complete accounting system. However, according to relevant laws and regulations, individual industrial and commercial households engaged in production and operation shall establish an account book to record economic matters such as income, expenditure, and costs. Even if the self-employed person does not meet the account establishment standard, he or she must obtain the approval of the tax authority to establish a paste book of income and expenditure vouchers, a register of purchase and sales, etc.
The above are the provisions of the relevant laws and regulations, and in practice, the grain and salary cooperatives have learned that some tax authorities do not require self-employed individuals to establish accounts for verification and collection. This mainly occurs in some specific areas of our country, such as the areas for the large-scale development of the western region, areas inhabited by minority nationalities, and revolutionary base areas. Due to the strong support of the state, these areas have formulated a series of preferential tax policies. These policies include preferential tax rebates for value-added tax and corporate income tax, as well as the verification and collection of individual income tax.
At present, Henan Province, Hunan Province, Jiangxi Province, Hubei Province and Hainan Province still have the situation that registered self-employed individuals can enjoy the preferential policies of approved collection. Individually-owned businesses registered in these specific parks can choose not to set up accounts, and only need to verify and pay individual income tax according to the invoice amount.
For self-employed individuals, this method not only simplifies the tax treatment process, lowers the threshold and risk of starting a business, but also provides more development space and opportunities for self-employed individuals. If you need more specific park information and operation procedures, you can contact the food and salary cooperatives to obtain them.
Myth 2: Self-employed people are tax-free and do not need to pay taxes
Some self-employed people mistakenly believe that they are exempt from tax and therefore do not have to pay taxes. In fact, self-employed individuals are not exempt from tax, but enjoy certain tax incentives according to their business scale and income status. Therefore, self-employed individuals should declare and pay taxes in accordance with the regulations to avoid tax risks.
Myth 3: You don't need to pay taxesThe wages and salaries obtained by self-employed owners are deducted before tax.
According to the provisions of the Measures for the Calculation of Individual Income Tax of Individual Industrial and Commercial Households, "the wages and salaries of individual industrial and commercial owners shall not be deducted before tax. "The income obtained by the owner of an individually-owned business from an individually-owned business is business income, and if a nominal comprehensive income such as wages and salaries is obtained, it cannot be deducted before tax, and it must be incorporated into the final business income and levied with individual income tax.
In view of the above misunderstandings, this article reminds the majority of self-employed individuals to strengthen their tax awareness, keep accounts and declare taxes in accordance with the law. At the same time, the tax authorities should also strengthen tax publicity and guidance for self-employed individuals to help them better understand and comply with tax laws and regulations.
In short, as an important part of the market economy, self-employed individuals should establish a correct concept of taxation, operate in accordance with the law, and pay taxes in good faith. Only in this way can we ensure the healthy development of the individual economy and contribute to the prosperity of the national economy.
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