In the world of accounting and taxation, the subject of taxation is a core concept. In short, a taxpayer is a legal entity or natural person who is liable to pay taxes. They are required to pay a certain percentage of taxes to the state in accordance with the provisions of the tax law. So, what are the two types of taxpayers?
1. Individual taxpayers.
An individual taxpayer, as the name suggests, is a natural person. As a taxpayer, individuals are required to pay the corresponding taxes on their income. For example, salaries, remuneration, bonuses, interest, etc. may become the subject of personal taxation. In the tax system, individual taxpayers play a very important role, because personal income tax is one of the important national taxes.
2. The entity that pays the taxpayer.
The entity taxpayer refers to the legal person or other organization, such as enterprises, public institutions, social organizations, etc. These entities are required to pay taxes in accordance with the provisions of the tax law on the income generated by their operations or activities. Common corporate taxpayers include limited liability companies, joint-stock partnerships, individual industrial and commercial households, etc. The tax items of the entity taxpayer include enterprise income tax, consumption tax, value-added tax, urban construction tax, stamp duty, real estate tax, resource tax, etc.
Both individuals and entities, as taxpayers, have the responsibility and obligation to pay taxes in a timely and full manner in accordance with the provisions of the tax law. This is not only respect for the country's tax system, but also a legal obligation of every citizen and legal entity. By paying taxes, we contribute to the construction and development of the country together.
In the study of accounting and taxation, it is of great significance to have an in-depth understanding of the concept and classification of taxpayers for us to better understand and apply the tax system. It is hoped that every accounting practitioner or learner can have a clear understanding of the subject of taxation and lay a solid foundation for his future career.