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- Little knowledge: mistakes often made by small-scale taxpayers when applying preferential policies
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Little knowledge: mistakes often made by small-scale taxpayers when applying preferential policies
Errors often made by small-scale taxpayers in applying preferential policies
Error 1. All small-scale enterprises are tax-free. Small scale taxpayers will be exempted from tax on April 1, 2022, but only the taxable sales income applicable to the 3% tax rate will be exempted from VAT. The taxable sales income with a rate of 5% is not exempt from VAT.
Error 2. All applicable 3% are tax exempt. The tax exemption is applicable to 3% of small-scale taxpayers, while the simple tax exemption of 3% is applicable to general taxpayers.
Error 3. Special VAT invoices can also be issued for tax exempt items. If tax exemption is applicable, if special VAT invoice needs to be issued, tax exemption shall be waived and 3% special VAT invoice shall be issued.
Error 4. Waiver of tax exemption must be paid in full. For small-scale taxpayers who apply 3% tax exemption, they can issue VAT special invoices for those who need to issue VAT special invoices, and the rest still enjoy tax exemption.
Error 5. If tax exemption is waived, only 3% VAT special invoice can be issued. The tax liability occurs before March 31, 2022. The VAT special invoice shall be issued at the rate of 3% or 1%. If the invoice is wrong and needs to be issued again, the red ink invoice shall be issued at the corresponding rate and the correct blue ink invoice shall be issued again.
Mistake 6. Individual households can enjoy the tax exemption policy. If self-employed households are small-scale taxpayers, 3% of their projects are tax exempt. If the individual is an ordinary taxpayer, he cannot enjoy it.
Error 7. All small and micro enterprises can enjoy the 3% tax exemption policy. If the small and micro enterprise is a small-scale taxpayer, 3% of its projects are tax exempt. If the small and micro enterprise is a general taxpayer, it cannot enjoy it.
Error 8. A written statement is required to waive tax exemption. For small-scale taxpayers who apply 3% tax exemption, they choose to give up tax exemption in part and do not need to provide a written statement.
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