What Kind of Black Tech is This?
Chapter 47

Paying Taxes

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6mo ago

At six in the morning, Ning Yifan changed his clothes and went out for a run.

Unlike usual, he wasn't going out alone today.

Wearing a tracksuit, white sneakers, Android No. 18 followed closely behind Ning Yifan's footsteps, constantly monitoring their surroundings. If she detected anything amiss, she would protect Ning Yifan immediately.

After running five kilometers, on the way back, as they passed the guardhouse at the entrance, Ning Yifan saw Mr. Saitama, wearing a security guard uniform, pretending to sleep with his head on the desk.

As Ning Yifan approached, the automatic retractable gate opened, allowing Ning Yifan and Android No. 18 to pass through.

Back at his three-story house, Ning Yifan went to wash up, while Android No. 18 busied herself in the kitchen.

She simply boiled some congee and reheated the pickled radish and minced meat that Ning Yifan had prepared yesterday in the microwave.

By the time Ning Yifan finished washing up, the piping hot breakfast was ready.

After breakfast, Ning Yifan set out with the prepared documents.

Today's destination was the Dujiangyan Local Taxation Bureau.

It was the end of the year, and time to pay the taxes for the quarter.

They took a taxi again. Ning Yifan and Android No. 18 got in. When No. 18 got in, the taxi noticeably dipped, causing the driver to look at Ning Yifan and Android No. 18 in surprise.

However, apart from marveling at Android No. 18's exquisite appearance, the taxi driver found nothing else.

"This car's power feels so weak today, like it's fully loaded with passengers!" the driver muttered, utterly confused, even wondering if something was wrong with the car.

Only after Ning Yifan and Android No. 18 got out and the driver restarted the car did he suddenly feel it return to its familiar performance!

Seeing the driver's puzzled expression before he left, Ning Yifan thought, "Perhaps I should buy a car?"

Android No. 18 weighed three hundred and fifty pounds! That's the weight of two or three adult men!

Adding a driving program for No. 18 wouldn't be difficult for Ning Yifan.

He'd think about it later. He planned to buy a gift for his dad in a few days, and he could buy himself a car then.

The Lunar New Year was approaching. Ning Yifan had spent almost the entire year away from home. For this traditional Daxia Country festival, Ning Yifan planned to take about a month off to spend more time with his parents and family.

Ning Yifan, dressed in a simple thermal tracksuit and carrying the prepared tax declaration documents, walked into the Dujiangyan Taxation Bureau.

Android No. 18, however, waited for Ning Yifan on the street outside the taxation bureau.

As the end of the year approached, the taxation bureau was quite crowded with people handling business. Ning Yifan took a number and found a seat to wait quietly.

About half an hour later, his number was finally called. Ning Yifan grabbed his prepared documents and headed to counter number seven to handle his business.

The clerk at counter seven was a young woman in her early twenties. Seeing Ning Yifan walk straight up to her and sit down, her face flushed slightly, and she asked in a sweet voice, "Hello, how can I help you?" As she spoke, the thought "So handsome, so handsome, so handsome" echoed in her mind.

"I'm here to pay the corporate income tax for this quarter. Here are our company's relevant documents and statements," Ning Yifan said, handing over the materials.

"Okay, let me see." The clerk picked up the documents and first saw the declared amount. For a sole proprietorship, the operating income was a number with a long string of nines after it.

Shenma Technology Company's profit after deducting costs for this quarter was nine billion.

Looking at the numbers, the clerk looked up at Ning Yifan again.

He's so young to be sick, and he's so handsome! And he's fantasizing about being a billionaire!

Sigh, but with a responsible attitude, the clerk still patiently continued to read.

The company's operating statements and procurement expenses were surprisingly detailed!

Then, looking at the name Shenma Technology Company on the document, the clerk suddenly remembered the large-screen projector her family had recently bought. It seemed to be produced by this company!

"Um, sir, please wait a moment. I need to report this situation to my supervisor."

Taking Ning Yifan's documents, the clerk hurried off to find her superior. After they discussed it for five minutes and confirmed the authenticity of Ning Yifan's documents, they went to see the bureau chief.

The bureau chief couldn't help but exclaim as he looked at the documents Ning Yifan submitted, "So, this small sole proprietorship is declaring a tax of up to 3.1 billion for this quarter!"

"The supporting materials are also very complete!"

"Shenma Technology Company is in our jurisdiction? This young man named Ning Yifan earned so much in just one quarter!"

"Also, I remember seeing a Weibo post before saying that several large companies wanted to acquire Shenma Technology Company and offered a very high price. It seems those big companies had great foresight!"

"This is a veritable god of wealth, we must treat him with utmost care!"

"We'll work overtime tonight to calculate this company's specific tax situation!"

"Alright, don't keep him waiting too long. Give him a reply as soon as possible."

Receiving the order from her superior, the clerk quickly returned. Looking at the handsome young man sitting at the counter again, she could only sigh at his handsomeness and youth, without any further romantic thoughts. Sometimes, someone too successful can be intimidating, making one feel unworthy.

"Documents received. The taxation bureau will promptly calculate your personal asset tax situation. Please wait patiently for the tax assessment. After the assessment, the taxation bureau will contact you again to coordinate with the bank for tax payment. You can entrust the bank with the subsequent matters and don't need to come in person again."

"Okay!" After the relevant documents were exchanged, Ning Yifan returned to Shenma Technology Company to pack his bags and prepare to go home!

Evening, at the taxation bureau.

The bureau chief and many civil servants were working overtime to review Shenma Technology Company's accounts.

It took less than an hour to complete the accounting for Shenma Technology Company, much faster than the bureau chief had estimated.

The tax situation of Shenma Technology Company was very simple and clear, with no debt or equity issues.

As a sole proprietorship, Shenma Technology Company's revenue sources were clearly recorded, from the initial sales orders from its Taobao and JD.com flagship stores to later transactions where Shenma Technology Company acted as a major component supplier, providing production parts to five major home appliance companies.

Expenditures were also minimal. Besides purchasing raw materials, only the acquisition of equipment and factory buildings incurred significant costs. Similarly, all these transactions had receipts or purchase records.

A review of the personal account records of Ning Yifan, the owner of Shenma Technology Company, showed that the funds flowed in and out perfectly matched the company's accounts.

After repeated confirmations, the audited tax liabilities of Shenma Technology Company perfectly matched the taxes self-declared by Ning Yifan, totaling a hefty 3.156 billion yuan!

Shenma Technology Company alone was equivalent to hundreds or thousands of small companies in Dujiangyan City!

A sole proprietorship, or simply a proprietorship, refers to a for-profit economic organization that is invested in by a single natural person, with all assets belonging to the investor.

Sole proprietorship is a very old form of enterprise, still widely used in commercial operations today. Its typical characteristic is individual investment and individual operation.

The individual bears profits and losses and risks independently, belonging to private enterprises. Sole proprietorships, along with companies and partnerships, are forms of enterprise that assume unlimited liability.

The tax threshold for individual income tax in sole proprietorships is the same as for individual income tax, both being 5,000 yuan. Sole proprietorship is a form of enterprise.

Shenma Technology Company, however, is subject to the highest tax rate of 35%.

The following morning, Ning Yifan arrived at the tax bureau again. Accompanied by a bank customer service representative, he completed the tax payment for the quarter, totaling over 3.156 billion yuan.

After paying taxes, Ning Yifan's income for this quarter was over 5.853 billion yuan.

That afternoon, after paying his taxes, Ning Yifan took a car to the high-speed train station to head home for the Lunar New Year.

While waiting for the train, Ning Yifan called his mother: "Hello, Mom, I want to eat sweet and sour carp tonight!"

His mother asked curiously, "Are you on holiday?"

"Yes, we just got the holiday today!"

At this time, there were still nine days until the Lunar New Year.

Even though Ning Yifan had given himself an early holiday, the factory operated entirely automatically. Every night, trucks from several major home appliance companies would deliver production raw materials and simultaneously pick up the manufactured components for the Phantom Projectors.

On the phone, his mother happily said, "No problem, Mom will go buy fish later."

"By the way, what time is your train? I'll have your dad pick you up."

"I'll arrive at Chengdong High-Speed Train Station at 5 PM. No need, I'll just take a taxi back."

"Why take a taxi? It's almost Lunar New Year now, and it's hard to get a car. Besides, your dad is on holiday at home and has nothing to do. He can take me to the market first, then pick you up. After picking you up, he can pick me up on the way home."

"Alright then..."

End of Chapter
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