At present, small-scale taxpayers whose monthly sales are less than 654.38+10,000 yuan (inclusive) are exempt from value-added tax. Small-scale taxpayers who collect taxes through audit pay taxes quarterly, and those whose quarterly invoices do not exceed 300,000 yuan are exempt from value-added tax. The total tax is more than 300 thousand.

Individual income tax shall be levied at a reduced rate of 35% on the income from production and operation of self-employed households with annual taxable income exceeding 654.38+10,000 yuan. Taxable income = total annual income-costs, expenses and losses. The expense deduction standard is 42,000 yuan/year (3,500 yuan/month).

This answer is provided by Youhuahua, a credit platform of Xiaoman Finance. Xiaoman Finance will earnestly implement the call of the state to support small and micro enterprises to tide over the difficulties and fully support small and micro production and operation. Most small and micro owners choose Youhuahua to meet the turnover needs of small and micro enterprises. It is reported that 70% of credit users of Xiaoman Finance are small and micro business owners. Up to now, Xiaoman Finance has joined hands with dozens of financial partners to issue hundreds of billions of loans to small and micro business owners, so that capital turnover can be found in Xiaoman Finance, and big brands are more assured.