WeChat Payment Code Tax Alert! đđ°
The central bank has new regulations regarding personal payment codes. If you receive over 2,000 payments in three months or exceed 800,000 in a year, you'll be classified as a business, and your data will be reported to the tax bureau.
Consequences of Not Paying Taxes: If you use a personal payment code to receive 1 million without filing a tax return, hereâs what you might face:
1. Value-Added Tax (13%): $130,000
2. Corporate Income Tax (25%): $250,000
3. Personal Income Tax (20%): $150,000
Total Tax Liability: $530,000 đ±
Additionally, you could face fines ranging from 0.5 to 5 times the amount owed.
To avoid these issues, itâs crucial to upgrade your personal payment code to a merchant payment code! Stay compliant and protect your finances! đđŒ
DODO: A Game Changer in Decentralized Finance
DODO X is a cutting-edge decentralized trading platform backed by top institutions like Binance Labs and Pantera Capital. It's designed to provide the best trading experience with a range of innovative features.
Key Features:
1. Multi-Function Platform: DODO offers liquidity pools, cross-chain trading, autonomous mining, and easy token creation, making it flexible for all kinds of users.
2. One-Click Coin Issuance & Meme Platform: DODO simplifies the coin issuance process, especially for Meme coins, which could attract developers and help grow the Web3 community.
3. Support for BTCFi & Meme Coins: DODOâs anchor pool, coin issuance, and self-mining features help support the growth of BTCFi assets and Meme coins, providing more flexibility and liquidity.
4. Growth Potential: With a low market cap but strong institutional backing, DODO has the potential to rise quickly in the decentralized finance space.
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