First of all, We wish you a wonderful year 2021! In the new year, you will continue to prosper, and that your days will always be filled with blessings!

Although the tax bureau has not issued a document on the extension of the tax rate, the invoicing software has been quietly updated at the beginning of 2021. The update content clearly states that the 1% tax rate will be extended to December 31, 2021. This is undoubtedly good news for everyone.

1. Small-scale 3% reduced to 1% policy extension

VAT invoice tax-controlled invoicing software (tax-controlled disk version) V2.0.41 210102.2 (tickets) Note: This version is the "ticket" version.

New feature: Extend the value-added tax reduction policy for small-scale taxpayers to December 31, 2021.

2. 2021 New Deal Summary

The latest policy of individual tax withholding and prepayment:

Suitable:

Resident individuals who have withheld and paid personal income tax on wages and salaries in the same unit every month during the last full tax year and whose annual wages and salaries did not exceed 60,000 yuan.

For resident individuals who prepay personal income tax on labor remuneration according to the cumulative withholding method

Content:

In the months when the taxpayer’s cumulative income does not exceed 60,000 yuan, no withholding and prepayment of personal income tax will be made temporarily

In the current month when its accumulated income exceeds 60,000 yuan and subsequent months during the year, withhold and prepay personal income tax

Execution time: Executed from January 1, 2021

Electronic VAT invoices:

Content: Implementation of special ticket digitization among new taxpayers in 25 regions including Beijing, Shanxi, Inner Mongolia, Liaoning, Jilin, Heilongjiang, Fujian, Jiangxi, Shandong, Henan, Hubei, Hunan, Guangxi, Hainan, Guizhou, and Yunnan

The scope of the ticket recipient is the whole country

Execution time: Effective from January 21, 2021