The New Personal Income Tax Law Will Carry Out &Nbsp In September 1St, And Will Benefit About 4 Million 700 Thousand Taxpayers.

The implementation of the new personal income tax law will benefit about 4 million 700 thousand taxpayers in September 1st.

2 million 290 thousand people do not need to pay again next month.

Since Ming Dynasty, the revised personal income tax law will bring about 4 million 700 thousand taxpayers, and about 2 million 290 thousand taxpayers do not need to pay personal income tax any more.

For the recently paid attention to the way of annual tax payment, the relevant head of the Beijing Municipal Taxation Bureau said that the taxpayers' year-end bonus at the end of this year can be calculated according to the tax assessment method issued by the State Administration of Taxation in 2005, but at the same time, the latest cost reduction criteria, quick deduction and tax rates should be used to calculate personal income tax.

- the main contents of this personal income tax law and Its Implementation Regulations

One

One

Focus

The personal tax payable should be reduced by 40%.

From now on, the revised personal income tax law will benefit about 4 million 700 thousand taxpayers in Beijing, including 300 thousand of individual businesses.

The tax level of the working class will be reduced from 57% to 28%. About 2 million 290 thousand of taxpayers do not need to pay personal income tax again. 2 million 10 thousand, the tax burden of taxpayers has decreased.

It is estimated that without considering the issue of "three risks and one gold", taxpayers' monthly income will exceed 38 thousand and 600 yuan, and the monthly personal tax payable will be increased before the implementation of the new deal.

At the same time, it is estimated that the proportion of paid tax increase will not exceed 4%.

For the 300 thousand individual industrial and commercial households, according to the notice of the Local Taxation Bureau on adjusting the standard for the collection of individual income tax of individual industrial and commercial households (No. tenth of 2011), from September 1st onwards, this Municipality will reduce the amount of tax payable by the individual industrial and commercial households that have approved the collection of personal income tax by 40%, and the individual industrial and commercial households who have determined the amount of tax payable September.

Hao Shuobo, deputy director of the Municipal Bureau of Local Taxation, said that after the implementation of the new deal, the tax revenue reduced in the three months after the new year was about 2 billion 600 million yuan, and the tax reduction accounted for more than 4%.

Examples

Wang, an individual industrial and commercial household, paid 100 yuan a month before September 1st, and the monthly tax payable from September to December was reduced to 60 yuan.

[interpretation] Hao Shuobo believes that the new deal has also changed the consumption tendency of all sectors of society, especially low-income groups, and will gain more consumption opportunities after the relative increase in income.

In addition, the relative increase in self-employed income will also promote the development of the private economy in the city and increase its investment.

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Two

Focus

The old formula adopts the old algorithm and the new tax rate.

The revised personal income tax law and the implementing regulations shall be implemented from September 1st this year.

Specifically, to the items of wages and salaries, it refers to the actual salaries and salaries paid by taxpayers in September 1st, and should be applied to the calculation of personal income tax after the revised tax deduction standard and tax rate table.

The taxpayers' actual salary and salary income before September 1st, whether or not the tax is declared and put into storage after September 1st, shall be applied to the deduction of the cost standard and the tax rate table before the revision of the tax law and the calculation of personal income tax.

Earlier, some people embezzled the name of the State Administration of Taxation and issued the "Notice of the State Administration of Taxation on Revising the provisions on certain issues of personal income tax" (2011 No. 47).

This article and interpretation content claim that China has adjusted the year-end bonus to calculate the individual tax method, and has given a so-called "year-end bonus deduction tax deduction", which finally misled the vast majority of taxpayers.

The State Administration of Taxation said that the document had never been issued and the draft was read.

Yesterday, for the recently paid attention to the tax paid by people from all walks of life, the relevant person in charge of the Beijing Local Taxation Bureau gave a clear algorithm.

Examples

Mr. Liu, a citizen of our country, worked for a company. In December 3, 2011, he earned 3400 yuan in wages and 24100 yuan in the month bonus. How much personal income tax should he pay?

Due to the salary of less than 3500 yuan a month, Mr. Liu could get 24100 yuan from his bonus and make up the difference of 100 yuan. The remaining 24000 yuan was divided into 12 months. The average monthly income was 2000 yuan, and the corresponding tax rates and quick deduction were 10% and 105 yuan respectively.

Tax payable = (24100+3400-3500) * 10%-105=2295 yuan

[interpretation] the relevant person in charge of the Local Taxation Bureau of Beijing indicated that the annual bonus granted by taxpayers is calculated according to the above caliber.

That is to say, the year-end bonus of taxpayers at the end of this year can be calculated according to the tax assessment method promulgated by the State Administration of Taxation in 2005, but at the same time, the latest cost reduction standard, quick deduction and tax rates should be used to calculate personal income tax.

Link

The latest personal income tax rate table

(Application of wages and salaries)

The total monthly taxable income tax rate (%) is 1, not exceeding 1500 yuan, 32 over 1500 yuan to 4500 yuan, some 103 over 4500 yuan to 9000 yuan, some 204 over 9000 yuan to 35000 yuan, part of the 35000 exceeds the yuan to Yuan Yuan, which exceeds RMB yuan to Yuan Yuan.

- reminder

August salary may be more tax in September.

Some netizens put forward: "the unit was originally issued on the same month that month, but the colleague who paid the salary said that by September, the tax could be deducted according to the new standard, so everyone would be able to pay less tax."

According to the problem of netizens, the land tax department said that the actual salaries and salaries paid by taxpayers in September 1st can be calculated according to the standard of 3500 yuan deduction of personal income tax.

If the unit extends the salary in August to September, and the wages in September will be issued in the same month. In September, the salaries and salaries will be assessed as a personal tax. If the income from the two payment is collected as a monthly salary and salary, the levy will be calculated at 3500 yuan instead of 7000 yuan.

In August, the wages will be delayed until September, which may not be able to achieve less tax purposes, and may also be overpaid.

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- details of the new deal

3500, not the "starting point" exemption amount exceeds 3500 yuan.

Focus on labor income

3500, it is not the "starting point".

The "cost reduction standard", also known as the "exemption amount", is different from the "starting point".

The threshold is the lowest limit stipulated by the tax law for taxable objects.

When the object of taxation is lower than the threshold, no tax is required; when the object of taxation is higher than the threshold, it is necessary to levy taxes on all the income of the taxable object.

The deductible standard is the allowable deduction of personal income tax.

When the personal income is lower than the deduction standard, no taxation is required; when the personal income is higher than the deduction standard, the personal income after the deduction of the deduction standard is taxed.

Therefore, the "cost reduction standard" and "starting point" are not the same concept.

The revised "personal income tax law" mentioned in the "3500 yuan / month" should be known as the "cost reduction standard" rather than "starting point".

Exemptions are all over 3500 yuan

In addition to deducting the cost standard, the tax law also stipulates other items that can be deducted before calculating taxable income. For example, in accordance with state regulations, the basic old-age insurance premiums, basic medical insurance premiums, unemployment insurance premiums, housing provident fund and personal donations of public welfare donations paid by individuals and individuals should not be more than 30% of the taxable income declared by taxpayers, which can be deducted before tax.

That is to say, the amount of exemption will exceed 3500 yuan / month.

However, because the amount of money paid by each person is different from each other, the specific exemption is different.

At the same time, reporters also learned that tax experts have said that the specific "duty-free monthly salary" level is an interval, the lower limit is about 4000 yuan, the upper limit is about 6000 yuan.

The tax department will focus on the collection and management of personal income tax for high-income earners. The main measures include: first, we should gradually grasp the characteristics of high income earners' economic activities and the distribution of tax sources and the law of income acquisition.

Two, we should make comprehensive use of tax collection and management measures such as daily tax source management and tax assessment, focusing on non labor income (mainly property income and capital gains), and continue to strengthen the collection and management of personal income tax on high-income earners and the high income industries and people.

Three, we should continue to carry out special inspections of personal income tax for high-income earners, and severely crack down on escaping individual income tax according to law.

The standard will be adjusted timely.

On the basis of a reasonable estimation of the actual living expenses of urban residents and taking into account the burden and affordability of taxpayers, the revised standard of individual income tax will set the standard of deduction of wages and salaries to 3500 yuan / month, which is suitable for the development of China's current social and economic situation.

In the future, according to the development of social and economic situation, the improvement of residents' consumption level and price changes, the state will also adjust the cost reduction standard in due course.