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Individual catering services quarterly more than 300,000 how to pay taxes

Currently, small-scale taxpayers with monthly sales of less than 100,000 yuan (including this number) are exempted from paying value-added tax (VAT), and small-scale taxpayers with checking accounts are taxed on a quarterly basis, and quarterly invoices of up to 300,000 yuan are exempted from VAT; more than 300,000 yuan are taxed in full.

Self-employed production and business income, annual taxable income of more than 100,000 yuan part of the individual income tax levied at 35%. Where taxable income = total annual income - costs, expenses, and losses, the deduction for expenses is 42,000 yuan/year (3,500 yuan/month).

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