The tax burden rate of a business enterprise varies according to the industry it operates in and the goods it buys and sells. The VAT liability rate for general taxpayers is calculated from two indicators: current VAT payable and current taxable revenue from main sales. For manufacturing enterprises with exemptions and rebates, the VAT payable includes the tax payable on exports offset by domestic sales.
An enterprise's taxable income for each year is the total income for that year minus non-taxable income, tax-exempt income, various deductions and losses allowed to be made up for previous years. The tax authorities assess the tax liability rate of commercial enterprises by industry, and the estimated formula is VAT liability rate = gross profit margin x tax rate.
It should be noted that the tax burden rate of commercial enterprises is a relatively complex concept, and enterprises can seek professional help to control the tax burden rate.
What is the scope of business of a commerce company?
The scope of business of a commerce company includes the following:
The tax burden rate of commerce companies in various industries varies according to the specific goods being operated. For example, the tax burden rate of hardware and electric appliances, electronic products, telecommunication equipment, wires and cables, power tools, household appliances, electromechanical equipment industry will be adjusted according to the specific goods. Similarly, the tax burden rate for the communication equipment, photographic equipment, fitness equipment, audio equipment, hotel equipment, automobile and motorcycle parts, and measuring and cutting tools industries will vary according to the goods.
Other industries such as instruments and meters, medical equipment, building materials, decoration materials, ceramic products, sanitary ware, rubber and plastic products, chemical raw materials and products, computers and accessories, printing machinery, office equipment, stationery and sporting goods, daily necessities, packaging materials, crafts and gifts, toys, metal materials, steel wire ropes, valves, pipeline fittings, bearings, refrigeration equipment, compressors and fittings, clothing, shoes and hats The industries of spinning machine parts, textile raw materials, needles and textiles, leather products, cosmetics, etc. also have their own tax rates. Therefore, business enterprises need to reasonably control the tax rate according to the actual business situation and tax regulations, and can consult professionals for more detailed guidance.