What is the difference between trading companies and furniture cities in terms of taxes?

Updated on furniture 2024-07-12
1 answers
  1. Anonymous users2024-01-24

    There is a difference between general taxpayers and small-scale taxpayers in value-added tax, the specific difference is that the adapted tax rate and collection rate of goods are different, general taxpayers apply a value-added tax rate of 17%, while small-scale taxpayers apply a collection rate of 3%, and they can also be exempted from value-added tax if they do not reach the threshold. If it is a limited liability company or a company limited by shares, it will pay enterprise income tax, and if it is an individual industrial and commercial enterprise, a partnership or a sole proprietorship, it will pay individual income tax, and there is also an exemption amount for individual income tax.

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