Good news! Since 2026, we've made less than $1,000 a day
As the saying goes, “the people eat and the money is tax first.” we live, we live, we live, we live, we live, we live, we live, we live, we live, we live, we live, we live. Recently, however, the state has issued us a solid “big red package” for workers and self-employed households, which is called real silver and silver
Did you hear? Just a few days ago, the ministry of finance and the general tax administration joined forces to throw out a heavy announcement, the bulletin on the post-vat policy interface. It's a long-sounding name, but it's really sweet. The central message is: starting on 1 january 2026, we will earn no more than $1,000 per person, and vat will be paid directly
What the hell is going on? We're here today to talk about the "understand."。
Let's start with the background. Previously, the state had a “subsistence tax” standard for individuals who occasionally worked part-time, ran a leg and received a fee. The threshold was low in earlier years, at about $1,200, and then between $300 and $500. However, as prices rise, this threshold does not suffice. This new announcement, which is quite powerful, has brought the “subsistence tax” threshold directly from $500 to $1,000 at once
What does that mean? Let's take a few examples。
For example, you're an expert and you go to college or a business to teach people a lesson. And for example, those brothers and sisters who spend their free time selling and writing articles, as long as this day or this one earns less than $1,000, in the vat sector, we go straight to pass and don't pay
Moreover, the adjustment was not only for “individuals”, but also extended to “small taxpayers”. The simple understanding is that micro-enterprises, self-employed individuals, who do not sell more than 5 million dollars a year, are also stained。
The bulletin clearly states that between 2026 and the end of 2027, these two years are a transitional period of policy. If you are on a monthly basis, you are exempt from vat for less than 100,000 sales per month; if you are on a quarterly basis, you are exempt from vat for less than 300,000 sales in a quarter. This, in effect, harmonizes provisions that were somewhat vague or fragmented, regulates rules and reduces the burden on us。
Assistant professor goh yu of the shanghai national school of accounting also showed the key to this change: it is not just a doubling of numbers, but also a generality. It is possible that micro-enterprises were able to benefit from tax-free “hidden benefits” of less than 100,000 monthly sales, and now put the rules directly on the table, which is much deeper。
From the first one and two hundred, to the next three and four hundred, to the present thousand dollars, the change in this number is that the country really sees how hard it is to make money. It is also encouraging people to become rich through labour, so that we do not have a piecemeal tax burden that prevents us from working side by side and increasing our income。
Ultimately, tax policy, though serious, is linked to each of us' money bags. It's like we're on our way to entrepreneurship, cutting a high threshold down to make it easier and easier for us。
Of course, there's still some time before the policy goes down (not until 2026), but we're eating the pill first. In this era of opportunity, every cent of the decline is fuel for the strugglers. Isn't that a good thing to hear
