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How to calculate tax for most cash transactions in a self-employed catering business

Self-employed caterers generally pay tax on a double fixed amount basis.

Larger individual catering establish books of accounts and make their own declarations to calculate and pay taxes. Individual businessmen's personal tax (equivalent to corporate income tax for enterprises) is calculated and paid according to a five-tier cumulative tax rate.

Article 3 Individual industrial and commercial households meeting one of the following circumstances shall set up double-entry accounts:

(1) Those with registered capital of 200,000 yuan or more.

(ii) Taxpayers selling VAT taxable labor services or business taxpayers with monthly sales (business) amounting to more than 40,000 yuan; VAT taxpayers engaged in the production of goods with monthly sales amounting to more than 60,000 yuan; VAT taxpayers engaged in the wholesale or retail of goods with monthly sales amounting to more than 80,000 yuan.

(3) Other cases in which the provincial tax authorities determine that double-entry accounts should be set up.

Article 4 Individual industrial and commercial households meeting one of the following circumstances shall set up a simple account and actively create conditions for setting up a double-entry account:

(1) Where the registered capital is more than 100,000 yuan and less than 200,000 yuan.

(ii) Taxpayers selling VAT taxable labor services or business taxpayers with monthly sales (business) amount between RMB 15,000 and RMB 40,000; VAT taxpayers engaged in the production of goods with monthly sales amount between RMB 30,000 and RMB 60,000; VAT taxpayers engaged in the wholesale or retail of goods with monthly sales amount between RMB 40,000 and RMB 80,000.

(3) Other cases in which the provincial tax authorities determine that simple accounts should be set up.