Do I need to pay taxes on my income from Douyin? How can I cash in?

There are many ways to earn income on the Douyin platform, such as making money by taking advertisements, making money by receiving gifts during live broadcasts, and the sound waves obtained from live broadcasts can also be monetized. So some friends have earned income through sound waves through live broadcasts, and want to know whether they have to pay taxes on this Douyin sound wave income?

Of course, the tax rate is not low. The anchor's income needs to be taxed, with a minimum tax rate of 20%; the seller also needs to pay taxes, and the tax rate is also quite high.

How much commission can I get from selling goods on Douyin?

1. The commission of Douyin showcase Douyin platform will take 10% of the commission, Taobao will take 6%, and the rest is yours. Therefore, if we do Douyin e-commerce, we generally need to have a profit margin if the commission of the product is higher than 30%. It is difficult to make a profit if the commission is too low.

2. The commission rate of Douyin product showcase varies according to the category. Generally, the commission rate of product showcase products is between 30% and 70%. You need to communicate with the docking merchant about the commission fee. What we need to do is to learn to choose high-commission products to obtain higher profits.

3. The current period's commission will be deposited into the bound bank card within 7 working days after the payment date. Users must complete bank account binding at least two working days in advance of the payment date (the 1st and 16th of each month), otherwise it will affect the payment.

So how should anchors, organizers or sellers plan reasonably in the face of high tax rates in the face of high income? First of all, we need to understand the current tax policies in my country and various localities. From the perspective of market research, the following tax policies are currently suitable for anchors:

1. The anchor signs a contract directly with the company

Individuals sign a labor contract with companies, and the company will provide some training. Live broadcasts on several platforms designated by the company, and generally part of the income will be deducted, and then the company will deduct part again. The proportion of each company is different, and finally it is paid to the anchor in the form of salary. Generally, these high-income reward platforms will deduct part, and the remaining part after deducting the company belongs to the individual, which will involve paying personal income tax according to the five-level progressive system.

2. The anchor sets up a studio and then signs a contract

This type is that the anchor first sets up a studio, such as xx Cultural and Art Center, xx Cultural and Creative Center, and then signs a contract with a company or platform. When the platform and the company deduct the money, it will not be paid according to the personal income tax on wages and salaries, but the studio will pay personal production and business income tax as a business form.

That’s all for today! Now many anchors have registered sole proprietorships in the park, and most of them choose the assessed tax collection method. The park assesses the individual tax on production and business income at 0.6%, which can save up to 90%.

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