How Much Is The Olympic Tax?

The Olympic Games have come to a close. The relevant departments and provinces are strongly commending and rewarding the Olympic athletes. The question of whether the bonus of athletes should be all tax-free has aroused the concern of all sectors of society.

According to the understanding, the commendation activities after the Olympic Games are as follows: the Henry Fok sports foundation awarded a total of 2 million 400 thousand dollars to the Chinese winners of the twenty-seventh Olympic Games; the State Council has decided to raise the Olympic champion's prize from the original 80 thousand yuan to 150 thousand yuan.

According to incomplete statistics of all provinces and municipalities and enterprises, the Hunan provincial government has allocated 5 million 900 thousand yuan for celebrating activities and rewards for athletes. Among them, 200 thousand dollars will be awarded to each person who won the gold medal, and 200 thousand yuan will be awarded to the Provincial Sports Bureau. In addition, the municipalities around the city will reward 100 thousand yuan or more.

The Liaoning provincial government recently decided that Liaoning athletes who won gold, silver and bronze medals in the Olympic Games will reward 150 thousand, 80 thousand and 50 thousand yuan respectively.

The amount awarded by the Provincial Sports Bureau is almost the same as that of the provincial government.

Jiangsu province will be rewarded again according to the national standard.

Hubei Sports Bureau will also make use of the proceeds of sports lottery to reward athletes. The number is 100 thousand yuan, 80 thousand silver and 60 thousand yuan respectively.

The Hebei provincial government decided to award 600 thousand gold medals, 200 thousand of them to the athletes, 200 thousand to the coaches, and 200 thousand to the players.

The Fujian provincial government announced that Ji Xinpeng, the first Olympic champion to win the Olympic Games in Fujian, will award a 130 square meter apartment plus a 100 thousand yuan bonus.

Shaanxi Sports Bureau decided to award the first Olympic champion Tian Liang in Shaanxi to a large 3 bedroom champion room, and awarded 800 thousand yuan to Tian Liang and his coach and the logistics staff of the Sports Bureau.

The Sports Bureau of Shandong province has already established a reward system a year ago, that is, the Olympic gold medalist rewarded 1 million 500 thousand yuan, of which the player got 500 thousand yuan, the coach got 500 thousand yuan, and the other 500 thousand yuan to the team pport unit.

The Sichuan Provincial Sports Bureau official revealed that Tang Lin's national, provincial and social awards are expected to be close to 1 million yuan.

Compared with the government's incentive policy, social organizations have a greater incentive.

Some enterprises will award gold medals to 150 thousand yuan or so, and silver medals will also be close to 100 thousand yuan.

Zhejiang green city Real Estate Company has decided to award a housing for weightlifting champion Zhan Xugang. Zheng Shengtao, a well-known entrepreneur in Wenzhou, has awarded Zhan Xugang 300 thousand yuan to Olympic champion.

A real estate development company in Ji'nan has decided to reward Xing Aowei and Lin Weining for a house worth about 300000 yuan.

A Shenzhen company said before the Olympic Games that it would reward the Chinese athletes who won the first gold medal with a value of 1 million yuan.

In this regard, the State Administration of Taxation said that the issue of bonus tax should be differentiated according to the tax law.

According to the law of the People's Republic of China on personal income tax, the personage of the provincial people's government, the ministries and commissions of the State Council, the PLA units above the PLA, and the foreign organizations and international organizations awarded the personal income tax in respect of science, education, technology, culture, health, sports, environmental protection and so on.