After registering a company, you will be faced with various tax issues. The types of taxes that a medical device company is involved in paying are: value-added tax, urban construction tax, education surcharge, stamp duty, personal income tax, property tax, land use tax, income tax, and so on.
On the question of whether the company needs to pay tax if there is no profit generation, because the profit is related to income tax, if the income tax belongs to the way of checking the accounts, no profit is not to pay income tax, but the other taxes have nothing to do with the profit.
The tax rate is now 16 percent, down 1 percent, which used to be 17 percent.
I. Scope of Taxation
According to the Provisional Regulations on Value-added Tax of the People's Republic of China (hereinafter referred to as the Provisional Regulations on Value-added Tax), all the sales of goods, the provision of processing, repairing, repairing, and dispensing of labor services as well as the import of goods within the territory of China fall within the scope of value-added tax (VAT).
1. Selling or Importing Goods
Goods means tangible movable products, including electricity, heat and gas. Sale of goods means transfer of ownership of goods for a consideration. For a fee, it means to obtain money, goods and other economic benefits from the purchaser.
2. Provide processing, repair and mending services
Processing refers to the commissioned processing of goods, that is, the commissioner to provide raw materials and key materials, the commissioned party in accordance with the commissioner's requirements for the manufacture of goods and receive processing fees; repair and mending refers to the commissioned to the damage and loss of functionality of the repair of goods, so as to restore the original condition and function of the business.
Expanded Information:
Because VAT implements a system of tax deduction on the basis of special VAT invoices, it requires a high level of accounting for taxpayers, which requires the ability to accurately account for the output tax amount, the input tax amount, and the taxable amount.
But the actual situation is that there are many taxpayers who cannot meet this requirement, so the Provisional Regulations on Value-added Tax of the People's Republic of China divide taxpayers into general taxpayers and small-scale taxpayers according to the size of their business and the soundness of their accounting.
General Taxpayers
(1) Taxpayers producing goods or providing taxable services, and taxpayers mainly producing goods or providing taxable services (i.e., the annual sales of the taxpayer's production of goods or provision of taxable services accounted for more than 50% of the taxable sales) and also engaging in the wholesaling or retailing of goods, with an annual taxable sales exceeding 500,000 yuan;
(2) taxpayers engaging in the wholesaling or retailing of goods; and >(2) engaged in the wholesale or retail operation of goods with annual taxable sales exceeding 800,000 yuan.
Small-scale taxpayers
(1) Taxpayers engaged in the production of goods or the provision of taxable labor services, as well as taxpayers engaged in the production of goods or the provision of taxable labor services mainly (i.e., the taxpayer's annual sales of the production of goods or the provision of labor services account for more than 50 percent of the annual taxable sales), and also engaging in the wholesaling or retailing of goods, with the annual taxable value-added tax (VAT) sales (referred to as taxable sales) is less than 500,000 yuan (inclusive).
(2) Taxpayers other than those specified above with annual taxable sales of less than 800,000 yuan (inclusive).
Baidu Encyclopedia-Value Added Tax