What Tax Do Shanghai FTA Registration Companies Have To Pay In 2017?

After the reform of the total battalion in May 2016, there are 17 kinds of taxes in China, and the fees may reach hundreds. For example, real estate enterprises involve at least 11 kinds of taxes and 56 kinds of fees.

The following are the 5 categories and 17 categories of taxes currently introduced by China:

1. goods and services tax: value added tax, consumption tax, tariff.

2. income tax: corporate income tax and personal income tax

3. property and behavior taxes: property tax, travel tax, stamp duty, deed tax.

4. resource tax categories: resource tax, land value-added tax, and urban land use tax.

5. specific purpose tax categories: urban maintenance and construction tax, vehicle purchase tax, tobacco leaf tax, ship tonnage tax, and farmland occupation tax.

However, entrepreneurs do not have to panic. For ordinary start-up companies, there are only 6-10 kinds of taxes and taxes. Except for small taxes which are not frequent and have low tax rates, there are only 3 kinds of problems that ordinary entrepreneurs need to focus on: value added tax, corporate income tax and personal income tax.

Value added tax is a kind of commodity and service tax. As the name suggests, it is a kind of tax levied for selling goods or providing services. With the full implementation of "camp to increase", all companies belong to taxpayers who pay VAT.

VAT taxpayers are divided into general taxpayer and small scale taxpayer. The threshold of general taxpayer is relatively high. Most start-up companies start with small-scale taxpayers, and the applicable tax rate of small scale taxpayers is 3%.

It is worth mentioning that at present, the small taxpayer's quarterly sales of not more than 90 thousand can be exempt from VAT.

I believe this is a genuine discount for most start-ups.

However, we urge entrepreneurs to note that if quarterly sales exceed 90 thousand, all sales should be paid VAT instead of just exceeding the value added tax.

For example, if sales reach 100 thousand, the value added tax should be calculated on the basis of 100 thousand instead of just over 10 thousand.

Because of this, when the quarterly sales volume is close to 90 thousand, there is room for tax planning (reasonable tax avoidance).

If the annual sales volume of the company reaches the standard recognized by the general taxpayer or fails to meet the standard, but the company's accounting is sound, it can be applied as a general taxpayer of value added tax.

After becoming a general taxpayer, the value-added tax invoices (tax invoices) obtained from purchase of goods or services can be deducted, which is equivalent to paying taxes only on the value added part of the company.

There are differences in the value-added part of each industry, and the difficulty of obtaining input tax invoice is also different. In order to ensure fair tax burden among industries, the value-added tax rate is related to the industry.

If you want to know more about the tax rate of VAT and the standard of general taxpayer, please refer to the article: the latest value-added tax rate table and the general taxpayer recognition standard.

There are many advantages to apply for becoming a general taxpayer. When the gross profit margin of a company is not very high, its tax burden may be lower than that of the small scale taxpayer. More importantly, because the general taxpayer can deduct the input tax, the company with the general taxpayer qualification is more inclined to choose the general taxpayer as its supplier (the general taxpayer's special VAT invoices for external use, which is the invoicing for the customers); in addition, it is precisely because the general taxpayer has certain threshold requirements that obtaining the general taxpayer qualification will help to enhance the corporate image and increase the trust of the customers. Finally, the VAT tax payable by the general taxpayer should be passed.

The output tax calculation shows that the tax payment is more flexible, which has greater space for tax planning (reasonable tax avoidance).

There are two sides to everything. Generally speaking, taxpayer qualification does not always bring benefits to the company.

First of all, as long as it is recognized as a general taxpayer, the small and micro enterprises' quarterly sales volume of less than 90 thousand is exempt from the VAT discount, because this preferential policy applies only to small scale taxpayers. Moreover, when the gross profit margin is high enough, the tax rate will be higher than that of the small scale taxpayers.

Therefore, whether or not a general taxpayer should be considered as a general taxpayer should be considered in the light of the company's actual situation and future planning.

However, when the annual sales of the company exceed the standard of the general taxpayer, the tax office can determine the company as a general taxpayer.

For financial revenue, corporate income tax is only the second largest source of tax after value-added tax.

As the name implies, corporate income tax is a tax on corporate income (which can be understood as profit, though strictly different).

As long as it is a company owned enterprise, no matter what industry, it should declare and pay enterprise income tax according to the regulations.

Without the knowledge of accounting and tax law, it is impossible to understand corporate income tax deeply.

Entrepreneurs come from all walks of life. It is impossible for every entrepreneur to be proficient in accounting and tax laws.

Therefore, we omitted the complicated calculation method, the scope of Taxation, and the special provisions that had nothing to do with entrepreneurship, and sorted out the knowledge points of the enterprise income tax that entrepreneurs should know.

1. generally speaking, the corporate income tax rate is 25%. The simple understanding is that if you earn 100 yuan, you should pay 25 yuan of corporate income tax.

High and new technology enterprises, software enterprises and eligible Qianhai companies can apply 15% of the tax rate. Eligible small and micro enterprises only need to pay enterprise income tax according to the actual tax rate of 10%.

2. corporate income tax is right.

The amount of income probably can be understood as the surplus earned by the revenue recognized by the tax department minus the cost cost approved by the tax department. There is a difference between the cost approved by the tax department and the actual cost incurred by the company. The specific calculation method can be checked by the financial personnel of the company, but the cost should be approved by the tax department (generally speaking, the invoice). If the relevant credentials are not obtained, even if the cost is actually incurred, it can not be included in the calculation of the cost of the enterprise income tax, which may lead to the company's overpayment of the enterprise income tax.

Therefore, we suggest that entrepreneurs develop good habits. When a company has cost incurred, it will try to obtain invoices and other legitimate credentials without paying too much cost. (general receipts are not legal credentials, and should not be paid at the forefront of income tax).

3. after earning profits, the company needs to pay the enterprise income tax according to the regulations.

However, after the enterprise income tax is paid, it does not mean that the surplus profits can be fully allocated to shareholders.

Because shareholders pay dividends from enterprises, they also need to pay personal income tax.

After the payment of personal income tax, the remaining part is owned by the shareholders.

Not a few

In the absence of clear tax risk, dividends are unpaid and personal income tax is not paid, which has a higher tax risk.

As a matter of fact, as long as the planning is reasonable, there is room for tax planning (reasonable tax avoidance).

Personal income tax is also an important source of financial revenue, but when it comes to personal income tax, almost everyone will think that after paying more than 3500 yuan, they should pay personal income tax, but the scope of personal income tax is much broader than that. "Wages and salaries" are only one of the categories of personal income tax.

For more information, please pay attention to the world clothing shoes and hats net report.