Small-scale companies' foreign currency income is converted into RMB at the exchange rate to pay value-added tax, and no tax is required if it does not exceed 300,000 per quarter.

Small-scale VAT taxpayers are generally divided into two types: audit collection and verification collection.

1. Audit collection: refers to an enterprise that has the ability to set up account books, keep accounts, settle accounts and conduct accounting. The tax payable is calculated according to the income realized by the enterprise, and the tax rate is 3%. The calculation method is as follows:

Commodity price (excluding tax price) = selling price of commodity (including tax price)/1.03

Taxable amount = commodity price excluding tax *3%

2. Approved collection: refers to those individuals and shops that are unable to carry out accounting. According to their business conditions, the tax bureau approves a minimum income for them and pays taxes according to this income. Whether you have income in the current month or not, you must pay taxes according to the approved income.