Finance and taxation serve as both the financial steward for individuals and families and a powerful tool for the development of businesses. Mastering knowledge in finance and taxation can ensure that wealth appreciation goes beyond zero. Let's explore some topics in the field of finance and taxation together!

Here are some key facts you must know:

1. Is there a relationship between paying taxes and corporate profits?

Answer: No, taxes must be paid according to the law as soon as transactions occur.

2. Can a company not report taxes if it has not conducted any business?

Answer: No, it is not possible. Once a company is registered, it must report taxes. If there is no business activity, a zero tax return must be filed.

3. What does tax inspection inspect?

Answer: It inspects according to the flow of contracts, invoices, goods, and funds.

4. Can an individual issue invoices?Answer: Yes, but an application must be made at the tax bureau.

5. Is tax reporting the same as paying taxes?

Answer: No, they are not the same.

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6. What happens if a company fails to file its annual report?

Answer: At the least, a fine will be imposed; at the worst, the business license may be revoked.

7. Can a small-scale enterprise cancel its general taxpayer status after successfully applying for it?

Answer: It cannot be cancelled.

8. What is the difference between a general invoice and a special invoice?

Answer: (1) Deduction differences: The special invoice can be used to deduct value-added tax.

General invoices cannot be used to deduct value-added tax.(2) Different tax rates: General invoices can also be issued at tax rates of 13%, 9%, and 6%, but only general taxpayers can do so, while small-scale taxpayers cannot.

(3) Different parts: Ordinary bills consist of an accounting copy and an invoice copy, while special invoices include an additional deduction copy.

9. Under what circumstances should public and private accounts be used?

Answer: Paying salaries, reimbursing travel expenses, distributing after-tax dividends, repaying personal loans, purchasing from individuals, paying compensation to individuals, and transferring rent payments to individuals.

10. What taxes does a business need to pay every month?

Answer: Value-added tax, additional taxes, corporate income tax, personal income tax, and stamp duty.

Have you understood all the financial and tax knowledge mentioned above? Feel free to leave a comment or send a private message!

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