The implementation of the new individual income tax from January 1, 2019 is also a big change for the final award at the end of 2018. How to calculate the year-end award this year? Office workers hurry up with Xiaobian to have a look!
Near the end of the year, for the majority of employees, the most concerned thing is the payment of the year-end bonus. According to the Ministry of finance, the 2019 year-end bonus individual income tax will be applicable to the new tax law, and the year-end bonus individual income tax preference will continue until 2022. Under the new tax law, what is the 2019 year-end bonus individual income tax for employees? Let's take you to know below.
On December 27, the Ministry of Finance announced the notice on the connection of preferential policies after the amendment of the individual income tax law (hereinafter referred to as the notice), which made it clear that the year-end bonus received by individuals will not be incorporated into the comprehensive income of the year and will be taxed separately according to law before December 31, 2021.
From January 1, 2022, the year-end bonus shall be incorporated into the comprehensive income tax of the current year.
A number of financial and tax experts analyzed the year-end bonus and individual income tax, which means that the year-end individual income tax preferential policy will continue for three years. For wage earners, the year-end bonus can pay less individual income tax, and the actual year-end bonus is more. However, this preferential policy only lasts for three years. It will be incorporated into the comprehensive income tax from 2022, and the tax burden of many people's year-end bonus will increase.
How to calculate the individual income tax of 2019 year-end bonus? If an employee gets a year-end bonus of 30000 yuan this year, according to the preferential individual tax policy for the year-end bonus, the calculation method of the year-end bonus should be: 30000 & pile; 12 = 2500 yuan, 2500 yuan is subject to the 3% tax rate in the current tax rate table, and the year-end bonus of a should pay 30000 * 3% - 0 = 900 yuan.
In contrast, if the year-end bonus of 2017 A is also 30000 yuan, the individual income tax algorithm of the year-end bonus is 30000 & pile; 12 = 2500 yuan, 2500 yuan is subject to the 10% tax rate of the original tax rate table, and the year-end bonus of a should pay 30000 * 10% - 105 = 2895 yuan.
Generally speaking, under the new tax law, the preferential rate of individual income tax at the end of the new year is still very high. From the above example, we can see that the employee can reduce the tax by 1995 yuan compared with last year.
On January 1, 2019, the detailed rules for special deduction of individual income tax will also be officially implemented, and the negative tax pressure of the masses will be greatly reduced.