In order to further support the development of small and micro enterprises, the Ministry of Finance and State Taxation Administration of The People's Republic of China jointly issued an announcement to exempt small-scale VAT taxpayers from VAT from April 1 day to February 3, 2022. VAT prepayment with 3% withholding rate shall be applied, and VAT prepayment shall be suspended.

In June, 2022, I provided consulting services for a company in my own name, with a profit of 654.38 million yuan. I didn't apply for tax registration or temporary tax registration. Do I have to pay VAT when I go to the tax authorities to invoice?

A: AnnouncementNo. of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Exemption of Small-scale Taxpayers from Value-added Tax (No.15 of 2022) stipulates that from April 1 day, 2022 to February 3 1 day, 2022, the taxable sales income of small-scale taxpayers at a rate of 3% shall be exempted from value-added tax.

According to relevant regulations, as a natural person, you pay taxes according to small-scale taxpayers. In June, 2022, the income of 6,543,800 yuan+0,000 yuan obtained from providing consulting services is subject to the 3% levy rate and can enjoy the VAT exemption policy. Tax-free ordinary invoices can be issued at the tax authorities.