New tax policy year-end bonus discount

The state announced that it will continue the preferential policies of personal income tax such as year-end bonus tax incentives! In addition, we have prepared the latest and most comprehensive tax rate table, withholding calculation and declaration method ~

The year-end bonus tax incentives will be extended to the end of 2023.

In order to reduce the personal income tax burden and relieve the pressure of low-and middle-income groups, the meeting decided:

First, the one-time bonus for the whole year is not incorporated into the salary income of the current month, and the separate monthly tax policy is extended to the end of 2023.

The second is to extend the tax exemption policy that the annual income does not exceed 6,543,800 yuan+0.2 million yuan, and the annual final tax payment does not exceed 400 yuan until the end of 2023.

The third is to extend the separate taxation policy for equity incentives of listed companies to the end of 2022.

The above policies can reduce taxes by 1 1000 billion yuan a year.

Is the year-end award declared separately or incorporated into comprehensive income?

Which is more tax-saving?

1, the taxable income of the current year (including year-end bonus) minus 60,000, three insurances and one gold, additional deductions, etc. ≤0.

If the year-end bonus is incorporated into comprehensive income, it will be more tax-saving.

2. The taxable income of the current year (including the year-end award) after deducting 60,000 yuan, three insurances and one gold and additional deductions is ≤ 36,000.

There are two ways to choose the year-end award.

3. The taxable income after deducting 60,000 yuan, three insurances, one gold and additional deductions from the current year's income (including year-end bonus) is more than 36,000.

When the annual taxable income, including the year-end bonus, exceeds 36,000, because there is a minefield in the separate declaration of the year-end bonus, in order to minimize the tax burden, it can be distributed between the year-end bonus and the salary, and the distributed year-end bonus can be declared separately according to the one-time bonus of the whole year.

The year-end bonus is declared separately to save tax.

The latest and most comprehensive tax rate table

Personal income tax shall be paid for the following nine categories of income:

◆ Comprehensive income: income from wages and salaries; Income from labor remuneration; Remuneration income; Royalty income.

◆ itemized income: operating income; Income from interest, dividends and bonuses; Property rental income; Income from property transfer; Unexpected income.

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Personal income tax rate

Comprehensive income tax rate table

Enterprise income tax rate table

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Personal income tax withholding tax rate table

Table of withholding rate of income from individual labor remuneration of residents

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Proportional tax rate: 20%

Applicable to interest, dividends, bonus income, property lease income, property transfer income and accidental income.

Tax withholding, calculation and declaration

Starting today, everyone will follow this!

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Time when the tax obligation occurs.

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How to calculate the declaration tax?

There is no need to pay a tax in these 34 cases!

1. Subsidies and allowances that are not in the nature of wages and salaries

The Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Printing and Distributing the Provisions on the Collection of Individual Income Tax (Guo Shui Fa [1994] No.089) stipulates that the following subsidies and allowances that are not of the nature of wages and salaries or are not derived from the taxpayers' own wages and salaries are not taxed. One-child allowance; Child care allowance; Travel allowance, catering allowance.

The Ministry of Finance's Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Determining the Scope of Subsidies for Missed Meals (Caishuizi [1995] No.82) stipulates that if an individual is on a business trip in the urban or suburban areas according to the provisions of the financial department and cannot go to work or return to eat, it is really necessary to eat out, and the meal fee charged according to the actual number of missed meals is not subject to personal income tax. Subsidies and allowances paid by some units to employees in the name of meal-missing subsidies should be incorporated into the income from wages and salaries of the current month, and personal income tax should be levied.

2, official vehicles, communication subsidy income can deduct a certain standard official expenses.

According to the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Relevant Policies of Individual Income Tax (Guo Shui Fa [1999] No.58), individual income tax is the recipient of official car and communication subsidies obtained by individuals due to the reform of official car and communication system. After deducting a certain standard of official expenses, it is calculated and withheld according to the "salary" item.

The deduction standard of official expenses shall be investigated and calculated by the provincial local taxation bureau according to the actual situation of taxpayers' official transportation and communication expenses, determined after approval by the provincial people's government, and reported to State Taxation Administration of The People's Republic of China for the record.

3. Welfare expenses (living allowance) are tax-free.

Article 4 of the Individual Income Tax Law refers to the living allowance paid to individuals from the welfare funds retained by enterprises, institutions, state organs and social organizations or trade union funds in accordance with the relevant provisions of the state.

According to the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Determining the Scope of Living Allowance (Guo Shui Fa [1998] 155), living allowance refers to the temporary living allowance paid to taxpayers by the employer from the retained welfare funds or trade union funds due to certain events or reasons.

4. Relief funds and pensions are tax-free.

According to the fourth item of Article 4 of the Individual Income Tax Law, relief funds and pensions are exempt from individual income tax. Article 14 of the Regulations for the Implementation of the Individual Income Tax Law of the People's Republic of China refers to the subsidies paid to individuals by the civil affairs departments of people's governments at all levels.

5. Work-related injury insurance benefits are tax-free.

According to the Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Individual Income Tax Policies for Employees Obtaining Work-related Injury Insurance Benefits at Work (Caishui [20 1 2] No.40), "1.The work-related injury insurance benefits obtained by employees and their close relatives in accordance with the Regulations on Work-related Injury Insurance (the State Council Order No.586) are exempt from individual income tax.

Work-related injury insurance benefits include one-time disability allowance, disability allowance, one-time work-related injury medical subsidy, one-time disability employment subsidy, work-related injury medical treatment, hospital food subsidy, transportation and accommodation expenses for medical treatment in different places, work-related injury rehabilitation expenses, assistive devices expenses, and life care expenses. , as well as the funeral subsidy, dependent relatives pension and one-time work-related death subsidy obtained by employees in accordance with the provisions of the Regulations on Work-related Injury Insurance. "

6, units and individuals to pay the "three insurance and one gold" tax exemption.

Caishui [2006] 10: The basic old-age insurance premium, basic medical insurance premium and unemployment insurance premium actually paid by enterprises and institutions according to regulations are exempt from personal income tax; The basic old-age insurance premiums, basic medical insurance premiums and unemployment insurance premiums paid by individuals in accordance with regulations are allowed to be deducted from the taxable income of individuals.

Units and individuals are allowed to deduct the housing provident fund actually paid from the personal taxable income within the range of not exceeding the average monthly salary of employees in the previous year 12%.

7, personal extraction of "three insurance and one gold" tax-free.

Caishui [2006] 10No.: Individuals who actually receive (support) the original basic old-age insurance, basic medical insurance, unemployment insurance and housing accumulation fund are exempt from personal income tax.

8. Maternity allowance is tax-free.

According to the Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Personal Income Tax Policies Concerning Maternity Allowance and Maternity Medical Expenses (No.8 [2008] of the Ministry of Finance), maternity allowance, maternity medical expenses or other allowances and subsidies belonging to maternity insurance obtained by maternity women in accordance with the maternity insurance measures formulated by the people's governments at or above the county level according to the relevant provisions of the state are exempt from personal income tax.

9. Subsidies and allowances stipulated by the state are tax-free.

According to Article 4 of the Individual Income Tax Law of People's Republic of China (PRC), it is tax-free. Article 13 of the Regulations for the Implementation of the Individual Income Tax Law of the People's Republic of China stipulates that subsidies and allowances paid in accordance with the unified provisions of the state refer to special government allowances, academician allowances and senior academician allowances paid in accordance with the provisions of the State Council, and other subsidies and allowances exempted from individual income tax as stipulated by the State Council.

10, retirement fee, retirement fee, etc. It's tax-free.

According to Article 4 of the Individual Income Tax Law of People's Republic of China (PRC), it is tax-free. Specific provisions: settling-in allowance, retirement allowance, basic pension or retirement allowance, retirement allowance and retirement living allowance paid to cadres and workers in accordance with unified national regulations.

1 1. The subsidies that senior experts get from their units to extend their retirement age are tax-free.

According to the Notice of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China, on Several Policy Issues concerning Individual Income Tax (Caishuizi [1994] No.20), senior experts (experts and scholars enjoying special government allowances issued by the state, academicians of China Academy of Sciences and China Academy of Engineering) who reach retirement age, but appropriately extend their retirement age due to work needs, shall be regarded as their salary income during the extended retirement period.

12, the cash reward for the transfer of scientific and technical personnel is reduced by 50%.

Caishui [2018] No.58: According to the Law of People's Republic of China (PRC) on Promoting the Transformation of Scientific and Technological Achievements, non-profit research and development institutions and institutions of higher learning approved according to law can give cash rewards to scientific and technological personnel from the income from the transformation of their scientific and technological achievements, which can be included in the "salary income" of scientific and technological personnel in the current month at the tax rate of 50% and pay personal income tax according to law.

13, scientific and technical personnel's equity reward is not taxed temporarily.

Guo Shui Fa [1999]No. 125: Scientific research institutions and institutions of higher learning give individual rewards to scientific and technological personnel in the form of shares or investment proportion. Upon examination and approval by the competent tax authorities, personal income tax will not be levied for the time being.

14, the wage allowance issued by the Asian Development Bank is tax-free.

Caishui [2007] No.93: The wages and allowances paid by the Asian Development Bank to China citizens or nationals (including experts who perform tasks for ADB) are exempted from personal income tax if they are confirmed by the Asian Development Bank as employees of the Asian Development Bank or experts who perform projects.

15, demobilized soldiers' fees, demobilization fees and retirement benefits are tax-free.

Article 4 of the individual income tax law stipulates tax exemption, and item 6: military personnel's transfer fee, demobilization fee and retirement fee.

16, thirteen military subsidies

According to the Notice of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China, on the Collection of Individual Income Tax on the Wages and Salaries of Military Cadres (Cai Shui Zi [1996No. 14):

(1) special government allowance; Welfare subsidies; Husband and wife separation allowance; Family members of the army have no subsidies for working and living difficulties; Only child health care fee; Subsidies for children's education; Official expenses of cadres at or above the corps level (nanny fee); The price difference subsidy of the military commissary belongs to the tax-free items of military cadres or the subsidies and allowances that do not belong to me, and no individual tax is required.

(2) There are five kinds of subsidies and allowances that are not taxed for the time being: military occupational allowance; Subsidies for hardship areas set up by the army; Professional subsidies; Post allowance for grass-roots officers (post allowance for platoon leader of battalion company); Food allowance.

17, the one-time retirement fee and one-time economic subsidy for retired soldiers are tax-free.

Regulations on Resettlement of Retired Soldiers (Order No.608 of the State Council, People's Republic of China (PRC) and Central Military Commission): Retired soldiers who are self-employed are given a one-time retirement pension by the army, and the one-time retirement pension is specially arranged by the central government; Local people's governments may give economic subsidies according to local actual conditions, and the standards and measures for granting economic subsidies shall be formulated by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government. One-time retirement fees and one-time economic subsidies shall be exempted from personal income tax in accordance with state regulations.

18, ocean crew meals

Guoshuifa [1999] No.202: As the crew's meals are eaten in groups instead of individuals, the special case allows this subsidy not to be included in the crew's taxable wages and salaries.

19, 50% discount for personal income tax of ocean crew.

Announcement No.97 of the Ministry of Finance and State Taxation Administration of The People's Republic of China (20 19): The income from wages and salaries earned by ocean-going crew members whose sailing time exceeds 183 days in a tax year shall be included in the taxable income at a reduced rate of 50%.

20, epidemic prevention and control subsidies tax exemption

AnnouncementNo.: Ministry of Finance, State Taxation Administration of The People's Republic of China 2020 10: Temporary work subsidies and bonuses obtained by medical personnel and epidemic prevention personnel participating in epidemic prevention and control work according to the standards set by the government are exempt from personal income tax. The standards set by the government include subsidies and bonuses set by governments at all levels. Temporary work subsidies and bonuses for personnel involved in epidemic prevention and control stipulated by the people's governments at or above the provincial level shall be implemented mutatis mutandis.

It will come into force on June 65438+1 October1day, 2020, and the preferential policies will be extended to the end of 2023 according to the the State Council executive meeting on June 65438+1October/0/9.

2 1. Protective articles issued by the unit to prevent COVID-19.

AnnouncementNo. 10 of the Ministry of Finance and State Taxation Administration of The People's Republic of China in 2020: Drugs, medical supplies and protective supplies (excluding cash) distributed by units to individuals to prevent novel coronavirus from contracting pneumonia are not included in wages and salary income, and are exempt from personal income tax.

(According to the executive meeting of the State Council on June+10/October 19, 65438, the preferential policy was postponed until the end of 2023).

22. Diplomatic personnel are exempt from income tax.

Item 8 of Article 4 of the Individual Income Tax Law of People's Republic of China (PRC): The income of diplomatic representatives, consular officials and other embassies and consulates in China personnel that should be exempted from tax according to relevant laws and regulations.

23. Eight subsidies for foreigners are tax-free.

Caishuizi [1994] No.20 and State Taxation Administration of The People's Republic of China Announcement No.43 of the Ministry of Finance No.2021:Personal income tax is temporarily exempted on the following incomes: (1) Housing subsidies, food subsidies, relocation expenses and laundry expenses obtained by foreign individuals in the form of non-cash or reimbursement. (2) Subsidies for overseas and domestic business trips obtained by foreign individuals according to reasonable standards. (3) The expenses for visiting relatives, language training and children's education obtained by foreign individuals are reasonable after being examined and approved by the local tax authorities.

24. The wages and salaries of foreign experts from specific sources are tax-free.

According to Caishuizi [1994] No.20, the income from wages and salaries obtained by foreign experts may be exempted from personal income tax if they meet one of the following conditions:

1) According to the special loan agreement of the World Bank, foreign experts working in China are directly dispatched by the World Bank;

2) Experts directly sent to work in China by United Nations organizations;

(3) Experts working in China for United Nations aid projects;

(four) experts sent by donor countries to China to engage in free aid projects;

5) The wages of cultural and educational experts who have worked in China for less than two years according to the cultural exchange program signed by the two governments shall be borne by their own countries;

6) The salaries of cultural and educational experts who have worked in China for less than two years on international exchange programs in China universities shall be borne by the state;

7) The salaries of experts who come to work in China through non-governmental scientific research agreements shall be borne by the government agencies of that country.

25, overseas talent tax differential subsidies

Caishui [20 19] No.3 1 No.20231October 20 19 to1day, Guangdong Province and Shenzhen City paid taxes to overseas personnel working in Greater Bay Area according to the difference of personal income tax between the mainland and Hong Kong.

26. Olympic-related foreign technical officials are exempt from taxes.

Caishui [2065438+07] No.60: Foreign consultants, referees and other foreign technical officials who are invited by BOCOG to come to China temporarily during the Beijing 2022 Winter Olympic Games, Winter Paralympics and Test Tournament are exempt from personal income tax for their labor remuneration paid by BOCOG and the Organizing Committee of the Test Tournament.

27. Tianjin subsidies in Tibet are tax-free.

Caishuizi [1994] No.02 1: allowances for hard and remote areas, floating wages, wages for additional working years, resettlement subsidies and housing subsidies for retirees obtained by individuals from Xizang Autonomous Region are exempt from tax.

Caishuizi [1996] No.91:employees of government agencies and institutions working in Tibet and special allowances for Tibet obtained in accordance with the unified regulations of the state are exempt from personal income tax.

28, disabled orphans and widows income provinces to determine tax cuts.

Article 5 of the Individual Income Tax Law of People's Republic of China (PRC) may be subject to the reduction of individual income tax under any of the following circumstances. The specific scope and time limit shall be stipulated by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government and reported to the Standing Committee of the people's congress at the same level for the record: income of disabled, lonely and old, martyrs.

29. Housing rental subsidies are tax-free.

Announcement of the Ministry of Finance and State Taxation Administration of The People's Republic of China No.61201on Preferential Tax Policies for Public Rental Housing: Housing rental subsidies received from local governments by urban housing security families that meet the requirements stipulated by local governments are exempt from personal income tax.

(Announcement No.6 of the Ministry of Finance and State Taxation Administration of The People's Republic of China (202 1) stipulates that this policy will be extended to June 65438+February 3, 20231).

30, the termination of labor relations, one-time compensation income less than 3 times the tax exemption.

Item 1, Article 5 of the CaishuiNo.. 20 18 164: the one-time compensation income (including economic compensation, living allowance and other subsidies issued by the employer) obtained after the termination of the labor relationship between the individual and the employer is exempted from personal income tax. The part exceeding 3 times shall not be incorporated into the comprehensive income of the current year, and the comprehensive income tax rate table shall be applied separately for taxation.

3 1, one-time bankruptcy resettlement fee is tax-free.

Caishui [200 1]No. 157: If an enterprise is declared bankrupt according to the relevant laws and regulations of the state, the income from the one-time resettlement fee obtained by the employees of the enterprise from the bankrupt enterprise shall be exempted from personal income tax.