<Anchor>
Kwon Aeri's friendly economy starts. Reporter Kwon, Corona 19, how much tax has been decided for companies and self-employed people who are struggling?
<Reporter>
Yes. Eulgae is already a tax cut that was announced to the public last month, but the target and the size of the tax cut were changed, so I passed the National Assembly late last night (17th).
First of all, it is a good idea to look at individual businesses and self-employed people whose annual sales are less than 80 million won.
It's based on sales excluding VAT, so if you do what you usually think, it's up to someone who raised 8 million won a year.
In this case, we decided to lower VAT to the level of simple taxpayers this year. Normally, tax is 10%.
Only when the annual sales are less than 48 million won are subject to simple taxation, so the tax rate is usually 0.5 to 3%. If you are self-employed, you know something.
In other words, the tax for 10% of self-employed people between 48 million and 80 million won is only 0.5 to 3%.
Some of the important things here are businesses that did not receive simple tax regardless of their original sales. This is the case in the manufacturing and wholesale industries, and these industries are also eligible if they meet the sales standards this time.
According to the government calculation, there are about 116,000 people in the VAT reduction section you see now. You will pay less than 300,000 to 1.2 million won a year. There are about 170,000 people who don't even pay VAT at all.
<Anchor>
Small and medium-sized enterprises in Daegu's Gyeongbuk region have additional tax benefits, right?
<Reporter>
Yes. I will tell you this again because the size of tax reduction is bigger than what was known until recently. Small and medium-sized enterprises that are now designated as special disaster areas for Daegurang, Gyeongbuk, Gyeongsan, Bonghwa, and Qingdao infectious diseases are eligible.
Small business refers to places where annual sales are between 1 billion and 12 billion won, and small businesses are between 40 billion and 150 billion won.
For small businesses, income tax and corporate tax will be reduced by 60% for this year and 30% for small businesses.
Everything I've said so far is about this year. The same applies to the tax exemption for self-employed business owners who are less than 80 million won in annual sales.
Originally, small business owners pursued a plan to pay less tax until next year, but the period was shortened to this year as the number of benefits increased. This is different from what is known, so I hope you remember it.
<Anchor>
You can also tell Daegu Gyeongbuk and general businessmen and consumers other than small business owners who will be able to receive tax benefits from this month right now?
<Reporter>
Yes. You can still get it. Let's summarize today the income deduction rate that applies only temporarily from March to June of this month.
All of the income deductions that we normally know are doubled. Until June. The original credit card is 15%. So it's 30%, and check cards and cash receipts are 30%, so it's 60%.
The deduction rate for traditional markets and public transportation will increase from 40 to 80%. However, the standard for the amount of income deduction has not changed.
In other words, if you spend more than 25% of your total salary, you must spend credit card or cash, and you will only deduct income from the excess amount. This standard remains the same. Did not lower.
In a word, spend a lot of money. Since consumption cliffs are the biggest problem right now, it is a measure that means spending a little more annually and spending as much money as possible in the coming second quarter.
However, it is still advisable to refrain from meetings, concerts, sports and religious events.
Social distance is a little constrained right now. Online sales are still good.
In fact, this is a tax benefit that comes out in anticipation of consumption by moving out and moving, but I was worried about the consumption cliff, but I was able to release it, but what I'm saying is that there is some awkwardness.
But hopefully, I hope that sooner or later, the spread of Corona 19 in Korea will be reduced, and that it will be a factor to stimulate consumption that you can remember in late spring when you can increase your activities with more peace of mind. Traditional markets are up to 80%.
[Friendly economy] Who is self-employed VAT exemption, exemption and application?
2020-03-18T02:41:02.590Z
Kwon Aeri's friendly economy starts. Reporter Kwon, Corona 19, how much tax has been decided for companies and self-employed people who are struggling? Yes. Eulgae is already a tax cut that was announced to the public last month, but after passing the plenary session late last night, the tax cut and the size of the tax cut were changed.
Source: sbskr