'how about the salary? How to fill in the 6 additional special deductions? For the vast majority of taxpayers, this is the most concerned issue at present. Last Friday, the hall of Wuchang District Committee of the people's Republic of China was full of seats. The new tax law was officially implemented in full swing at the "special additional deduction policy of personal income tax" held by Wuchang regional innovation and Development Committee! Monthly income tax of 10000 yuan may also be 'zero'!
Monthly personal tax of 10000 yuan may also be 'zero'
On December 28, 2018, the staff of Wuchang District Taxation Bureau gave a detailed explanation of the new individual income tax special additional deduction policy, declaration method and process, and answered the questions raised by the enterprise representatives on the spot, helping everyone to enjoy the dividends brought by the individual income tax reform in a reasonable and timely manner.
On December 22, 2018, the State Council officially issued the Interim Measures for special additional deduction of personal income tax, which, together with the newly revised personal income tax law of the people's Republic of China, came into force on January 1, 2019. Not long ago, the State Administration of Taxation also issued the announcement on the connection of several collection and management issues in the full implementation of the new individual income tax law, followed by the announcement on the handling method of "special additional deduction" in the new individual income tax policy that people pay most attention to. The new policies issued successively at the end of the year have made clear the collection and management methods for implementing the new individual income tax law in an all-round way to ensure a smooth transition between the old and new tax systems.
According to the staff of Wuchang District Taxation Bureau, from this year on, the individual income tax on the income from wages and salaries of individual residents will be withheld and withheld by adopting the cumulative withholding method; the individual income tax on the income from labor remuneration, manuscript remuneration and royalties will be withheld and withheld by basically translating the current provisions. When calculating individual income tax, residents shall deduct not only 5000 yuan of exemption and five insurances and one fund in advance, but also six special additional deductions. According to the latest arrangement of the State Administration of Taxation, from January 1, the taxpayer can fill in the special additional deduction information, and can also declare the deduction during the final settlement from March 1 to June 31 of the next year.
According to the new policy, as long as the corresponding conditions are met, the monthly income may not be taxed even if it is over ten thousand. The staff of Wuchang District Taxation Bureau gave an example to introduce that as the only child, Zhang's monthly salary is 11000 yuan, and the special deduction of five insurances and one fund is 2000 yuan. Xiao Zhang's parents are over 60 years old. According to the new policy, they can enjoy 2000 yuan deduction for supporting the elderly, 1000 yuan deduction for their daughter's education when she is in primary school, 3000 yuan deduction for the first housing loan repaid each month and 1000 yuan deduction for the interest on the housing loan. Therefore, from the beginning of this year, the individual income tax to be paid by Xiao Zhang is: (11000-5000-2000-2000-1000-1000) x 3% = 0 yuan.
The year-end bonus policy will be extended for another three years
'the money I got in these two months is more than 260 yuan, which makes me feel like my salary has been raised. 'Mr. LV, a citizen of Wuhan, told the Changjiang Business Daily that after deducting five insurances and one fund from his salary, there are more than 8000 yuan. According to the previous 20% tax rate and the basic fee deduction standard of 3500 yuan, he needs to pay more than 360 yuan of personal income tax every month. Since the implementation of the transition period policy of personal income tax reform on October 1 last year, the amount of personal income tax that needs to be paid each month is only more than 100 yuan.
'there will be fewer deductions after new year's day. Some colleagues don't need to pay individual income tax. Mr. LV said that after the new personal tax policy was released, colleagues were very excited. They calculated their personal tax according to their own situation at the first time, and found that wages would have to rise a lot.
On December 27, 2018, the tax administration department of the Ministry of Finance issued the notice on the connection of preferential policies after the amendment of the individual income tax law, which formally defined the existing individual tax preferential policies such as the year-end bonus and the equity incentive of listed companies, among which the preferential policies of the year-end bonus with separate tax calculation were extended for another three years until December 31, 2021.
Mr. LV told reporters that, taking himself as an example, the amount of the year-end bonus was about 20000 yuan. According to the previous algorithm, he had to pay 1895 yuan of personal tax, but according to the new regulations, he now only needs to pay 600 yuan of personal tax, less than one third of the previous amount.
"Without affecting the cost of the enterprise, the new tax law improves the income of employees, which can not only stimulate the motivation of employees, promote the development of the enterprise, but also appropriately stimulate economic consumption. "Liu Yuanbo, director of Hubei Penglai law firm, told the Changjiang Business Daily that the new individual income tax policy will give dividends to children's education, housing loan and medical treatment, which will undoubtedly have the greatest impact on ordinary working class, especially married families. To a certain extent, the new individual income tax policy will reduce their tax burden.
Liu Yuanbo believes that the most fundamental change of this reform is the change of the tax system mode, that is, the former mode of classified collection is changed into a comprehensive and classified tax system mode. The introduction of the new personal tax policy not only better reflects the tax fairness, makes the tax burden of the individual tax payers more reasonable, but also reflects the role of adjusting income distribution, providing an important institutional guarantee for the formation of a reasonable and orderly income distribution pattern.