The money earned in Tik Tok needs to be taxed. Merchants should calculate and pay the corresponding taxes according to their own sales and tax rates.
You have to pay taxes on the money you earn in Tik Tok. Specifically, businesses need to calculate and pay taxes according to the income they earn from Tik Tok and the relevant tax rates. In China, personal income tax generally adopts progressive tax rate, and the tax rate gradually increases with the increase of income. Merchants need to subtract the related costs, expenses and other expenses from the income earned from Tik Tok to calculate the taxable income. Then, according to the tax rate (usually 3%, 11%, 21% or 25%), calculate the amount of personal income tax that should be paid. Finally, declare and pay the corresponding taxes to the tax authorities within the specified time. It should be noted that businesses need to comply with relevant tax laws and regulations and pay taxes in full and on time. In case of underreporting, underreporting or tax default, you may face risks such as fines and tax penalties.
do I have to pay tax on the commission income earned in Tik Tok? Commission income earned on Tik Tok also needs to be taxed. Commission income usually belongs to the category of personal income, which needs to be calculated according to the relevant tax rate and pay the corresponding personal income tax.
The money earned in Tik Tok needs to be taxed. Merchants need to calculate and pay corresponding taxes according to their own sales and tax rates, and pay taxes in full and on time in accordance with relevant tax laws and regulations to avoid unnecessary legal risks.
Legal basis:
Law of the People's Republic of China on the Administration of Tax Collection Article 1 This Law is formulated in order to strengthen the administration of tax collection, standardize the tax collection and payment, safeguard the national tax revenue, protect the legitimate rights and interests of taxpayers and promote economic and social development.