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Q：
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What expenses can be deducted before tax for individual industrial and commercial households?
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A：
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Reasonable wage and salary expenses actually paid to employees by individual industrial and commercial households are allowed to be deducted. The deduction standard for the expenses of individual industrial and commercial owners shall be implemented in accordance with relevant laws, regulations and policies
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Q：
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What expenses cannot be deducted before tax for individual industrial and commercial households?
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A：
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Individual income tax;
Tax late fee;
Fine、fines and losses of confiscated property;
Non-deductible donation expense ;
Sponsorship expenditure;
Expenditure for personnel and families;
Non-business-related expenditure;
Non-deductible expenses as stipulated by the State Taxation Administration.
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Q：
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Are individual industrial and commercial households eligible for the 50% reduction on individual income tax?
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A：
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Individual income tax shall be levied by half on the part of the annual taxable income of individual industrial and commercial households that does not exceed 2 million yuan. Individual industrial and commercial households may enjoy this preferential policy in addition to other existing preferential policies for individual income tax. Individual industrial and commercial households can enjoy the tax regardless of the method of collection.
Individual industrial and commercial households can enjoy the tax when they pay the tax in advance, and their annual taxable income is temporarily judged according to the situation as of the end of the current declaration period and is calculated on an annual basis when the annual settlement is settled, with more refunds and less compensation. If an individual industrial and commercial business obtains business income from more than two places, it is necessary to merge the annual taxable income of the individual industrial and commercial business income, recalculate the tax deduction, and refund more than compensate.
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Q：
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Can individual industrial and commercial households belong to small-scale taxpayers’ issue special VAT invoices?
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A：
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Small-scale VAT taxpayers (except other individuals) need to issue value-added tax when VAT taxable behaviour occurs
The special tax invoice can be voluntarily issued by the VAT special invoice management system. For small-scale taxpayers who choose to issue special VAT invoices by themselves, the tax authorities will no longer issue special VAT invoices for them.
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Q：
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Can individual businesses be registered as general taxpayers?
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A：
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Agreed. A taxpayer whose annual taxable sales volume does not exceed the prescribed standard, whose accounting is sound and who is able to provide accurate tax information, may register as a general taxpayer with the competent tax authorities. Accountant key "Complete" refers to the ability to set up account books in accordance with the provisions of the unified accounting system of the State and conduct accounting according to legal and valid vouchers.
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FAQ
