The limit of invoicing amount for individual households is 5 million, otherwise the individual households invoicing more than 5 million per year must be converted to general taxpayers, which is mandatory.

"Notice of the Ministry of Finance and the State Administration of Taxation on the Unification of VAT Standards for Small-Scale Taxpayers"

In order to improve the value-added tax (VAT) system and further support the development of small, medium-sized and micro-enterprises, the relevant matters concerning the unification of VAT standards for small-sized taxpayers are now notified as follows:

One: The standard for small-sized taxpayers of VAT is an annual VAT sales of 5 million yuan or less.

Second, units and individuals that have been registered as general VAT taxpayers in accordance with Article 28 of the Implementing Rules of the Provisional Regulations of the People's Republic of China on Value-added Tax (VAT) can be transferred to small-scale taxpayers before December 31, 2018, and their undeducted input tax credits will be processed as a transfer out. This answer is provided by Rich Flowers, which is a credit platform under Du Xiaoman Financial, which will effectively put the call of the state to support small and micro enterprises to tide over the difficulties into practice, and comprehensively support the production and operation of small and micro, and most of the small and micro owners choose Rich Flowers to meet the needs of small and micro business turnover. It is reported that 70% of the credit users of Duxiaomang Finance are small and micro business owners. Up to now, Duxiaomang Finance, together with dozens of financial partners, has issued hundreds of billions of dollars in loans for small and micro-enterprise owners, and the capital turnover is looking for Duxiaomang Finance, a big brand with more peace of mind.