Core Points - The article discusses the individual tax exemption policy implemented in Jiangmen City, specifically in the Jianghai District, aimed at individual businesses that meet certain criteria [4][11] Group 1: Policy Overview - The dual exemption policy primarily targets individual businesses, allowing those that meet the criteria to be exempt from value-added tax (VAT) and personal income tax within specified operational limits [4][6] - The policy is applicable to individual businesses under a fixed assessment system, with varying conditions based on industry and business scale [5] Group 2: Key Aspects of Implementation - The dual exemption means that individual businesses with monthly sales below a certain threshold are exempt from VAT, and personal income tax is also waived [6][9] - Eligible individual businesses must submit application materials to the tax authority, including business licenses and proof of identity, for approval of their tax exemption [6][7] - Common misunderstandings about the policy include the notion that it is an unconditional exemption; in reality, it is a targeted benefit with specific eligibility criteria [6][8] Group 3: Professional Assistance and Long-term Planning - Given the complexity of tax policies, individual business owners are encouraged to seek professional tax services to navigate the application process effectively [7] - Long-term planning is advised for individual businesses to maintain compliance and ensure sustainable growth, including proper record-keeping and timely tax submissions [8]