What is the difference between self-employed, sole proprietorship and one-person limited liability company?

The tax differences among self-employed, sole proprietorship enterprises and one-person limited liability companies include the following three aspects:

First, the income tax payment is different. Individual industrial and commercial households and sole proprietorship enterprises only need to pay enterprise income tax; In a one-person limited liability company, in addition to corporate income tax, shareholders have to pay personal income tax.

Second, the requirements for establishing accounts are different.

Individual industrial and commercial households need to establish a revenue and expenditure voucher paste book and a sales register to completely preserve relevant tax information.

A sole proprietorship enterprise and a one-person limited liability company must establish a financial system and conduct accounting.

Third, the payment methods are different.

The tax of individual industrial and commercial households shall be levied at a fixed rate on a regular basis. The tax authorities shall, in accordance with the provisions of laws and administrative regulations, verify the taxable business amount (including business quantity) or income (hereinafter referred to as quota) of individual industrial and commercial households in a certain business location, a certain business period and a certain business scope, and use this as the tax basis to determine their taxable amount.

Individual income tax payable by investors in a sole proprietorship enterprise shall be calculated on an annual basis and paid in installments on a monthly or quarterly basis. Investors shall pay in advance within 7 days after the end of each month or quarter, and shall be settled within 3 months after the end of the year, with overpayment and underpayment.

The company's enterprise income tax is paid in advance on a monthly or quarterly basis. An enterprise shall, within 15 days after the end of the month or quarter, submit a tax return for prepaid enterprise income tax to the tax authorities, regardless of profit or loss, and pay taxes in advance.

The company shall, within five months after the end of the year, submit the annual enterprise income tax return to the tax authorities for final settlement and settlement of the tax refund.

Baidu encyclopedia-individual industrial and commercial households pay taxes

Baidu Encyclopedia-Individual Income Tax Provisions for Investors of Sole proprietorship Enterprises and Partnership Enterprises

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