Self-employed is the common name of urban and rural individual industrial and commercial households, and is a self-reliant worker who does not exploit others within the scope permitted by our laws. It is characterized by giving priority to individual workers and their family members, engaging in production and business activities independently with their own means of production and funds, and providing goods and services to the society, which is a useful supplement to the socialist public ownership economy. The state protects the legitimate rights and interests of the individual economy. The state manages the production and operation of individual workers through administration.
A wholly-owned enterprise refers to an enterprise invested and operated by one person. The investors of a sole proprietorship enterprise shall bear unlimited liability for the debts of the enterprise. The person in charge of the enterprise is the investor himself. The name of the person in charge of the enterprise shall be consistent with the identity card, and no pseudonym shall be used. According to the relevant provisions of China's current tax law, private enterprises should pay private personal income tax on production, business income and other income.
Reply time: 2021-12-17. Please refer to the latest business changes announced by Ping An Bank in official website.