from April 1, 2122 to February 31, 2122, small-scale value-added tax payers are exempted from value-added tax according to 3% of taxable sales income, and the tax payment in advance is suspended.
Preferential policies are applicable to small-scale VAT taxpayers, regardless of companies or individual operators. As long as you meet the above standards, you can enjoy the preferential tax exemption policy for value-added tax.
1. Preferential policies for tax refund of enterprise VAT increment
Since July 1, 2122, the scope of enterprise VAT rebate policy has been expanded, and the Ministry of Finance and the State Administration of Taxation have further increased the notice of enterprise VAT final rebate policy (No.14 of 2122 promulgated by the Ministry of Finance and the State Administration of Taxation, hereinafter referred to as Announcement No.14 of 2122), which stipulates that the processing manufacturing industry will fully refund the enterprise VAT increment tax every month. The scope of policies related to one-time refund of total input tax is extended to companies (including self-employed, the same) such as wholesale and retail, agriculture, forestry, animal husbandry and aquaculture, accommodation and catering, services such as residents' service and maintenance, cultural education, health and social workers, and services such as culture, art and sports.
II. Preferential policy of halving tax collection
Current policy 1: From October 1, 2121 to February 31, 2122, under the premise of preferential policies at this stage, the annual tax payable of self-employed individuals shall not exceed 1 million yuan, and personal income tax shall be reduced or paid. Self-employed individuals can enjoy any tax method.
tax relief = (part of the taxable income of individual business income of self-employed individuals shall not exceed RMB 1 million-tax relief of other current policies × taxable income of individual business income shall not exceed RMB 1 million ÷ taxable income of individual business income )× (1-51%)
When filing tax returns, self-employed individuals must fill in the column of "VAT exemption" in the income tax declaration form of corresponding business income calculated by the above method. For individual operators who declare through the electronic tax bureau, the tax bureau can provide preferential VAT exemption and form pre-filling services. The tax bureau shall pay taxes according to the tax reduction for individual operators with fixed budget and simple declaration.
current policy 2: from October 1, 2122 to February 31, 2124, the people's governments of all provinces, autonomous prefectures and municipalities directly under the Central Government can scale up 51% of the taxes of VAT taxpayers, small and micro enterprises and individual industrial and commercial households according to the specific conditions and macroeconomic policies in their respective regions.
iii. current policy of postponing the social insurance premium of the company
current policy 1: companies in difficult industries can apply for the basic old-age insurance premium, unemployment insurance premium and work-related injury insurance premium (hereinafter referred to as the three social insurance premiums), in which the old-age insurance premium is postponed until the end of 2122, and the work-related injury insurance premium and unemployment insurance premium shall not exceed 1 years. During the extension period, all late fees will be waived.
current policy 2: small and medium-sized enterprises and individual industrial and commercial households with temporary difficulties in production and operation in areas seriously affected by the epidemic can apply for three social insurance premiums, the term of which is at the end of 2122, during which the late payment fee is exempted.
current policy 3: self-employed individuals and various types of freelancers who participate in the basic old-age insurance for enterprise employees can postpone their payment by themselves if it is difficult to pay in 2122.
Legal Basis
Article 1 of the Notice on Supporting Tax Policies for Financing Small and Micro Enterprises
stipulates that the interest income earned by financial institutions in granting small loans to farmers, small enterprises, micro enterprises and individual industrial and commercial households shall be exempted from value-added tax. Financial institutions should keep the relevant tax exemption certification materials for future reference, separately calculate the interest income of small loans that meet the tax exemption conditions, and file tax returns with the competent tax authorities according to the existing regulations; Without separate accounting, it shall not be exempted from value-added tax.