How to declare the year-end bonus tax

The declaration method of year-end bonus tax is as follows:

1. After the annual one-time bonus income is incorporated into the total salary, it is required to pay a tax within the specified time;

2. Individual income tax shall be calculated on an annual basis, and the tax shall be declared and paid in advance within fifteen days after the end of each month or quarter;

3. The calculation formula of the year-end bonus tax payable is: tax payable = annual one-time bonus income multiplied by the applicable tax rate-quick deduction;

4. From June 65438+1 October1day, 2022, the annual one-time bonus obtained by individual residents shall be incorporated into the comprehensive income of that year to calculate and pay individual income tax.

Calculation method of year-end bonus tax:

1. Cumulative withholding method: the year-end bonus is combined with the salary income of the current year, and the tax is calculated according to the tax rate of the accumulated taxable income minus the quick deduction;

2. Separate taxation method: the year-end bonus is taxed separately as a one-time bonus, and the tax is calculated according to the applicable tax rate MINUS the quick deduction;

3. Choose the applicable method: taxpayers can choose either of the above two methods for tax calculation, but once they choose, they cannot change it throughout the year;

4. Applicable tax rate: When the year-end bonus is taxed separately, different tax rates and quick deduction are applicable according to the amount of the year-end bonus;

5. Time for filing: Individual income tax should be filed and paid within the next month after receiving the year-end bonus.

To sum up, the declaration methods of year-end bonus tax include: combining the one-time bonus income with the total salary to declare and pay the tax, calculating the personal income tax on an annual basis, submitting the tax return and prepaying the tax after the end of each month or quarter, and calculating the tax payable for the year-end bonus according to the tax payable calculation formula. From June 65438+1 October1day, 2022, the annual one-time bonus obtained by individual residents shall be calculated and paid with the comprehensive income of that year.

Legal basis:

Notice of the Ministry of Finance and State Taxation Administration of The People's Republic of China on the convergence of preferential policies after the revision of the individual income tax law

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(a) individual residents get a one-time bonus for the whole year, which is in line with the provisions of the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Adjusting the Measures for Calculating and Collecting Individual Income Tax for Individuals Getting a One-time Bonus for the Whole Year. Before 20211February 3 1, it will not be incorporated into the comprehensive income of the current year, and the annual one-time bonus income will be divided by 12 months, which will be integrated according to the monthly conversion attached to this notice. The calculation formula is: tax payable = annual one-time bonus income multiplied by the applicable tax rate-quick deduction. Starting from June 65438+ 10/day, 2022, the annual one-time bonus for individual residents shall be incorporated into the comprehensive income of that year to calculate and pay personal income tax.