The New Income Tax Law Starts To Implement &Nbsp; 60 Million People Are Exempt From Personal Tax.
60 million people exempt from personal tax in September 1st: will not cause prices to rise.
60 million people will be exempt from personal tax tomorrow.
"Peak shaving and valley filling" regulation and allocation of "water feeding fish" to stimulate domestic demand
From September 1st onwards, the revised People's Republic of China individual income tax law will be fully implemented.
After the implementation of the new tax law, the monthly income is less than 3500 yuan (after deducting "three risks and one gold") wage earners will no longer pay a personal tax.
The proportion of the workers earning income to the total wage income will drop from the current 28% to below 8%, thus reducing the number of taxpayers who pay taxes from about 84 million now to about 24 million.
Experts point out that from the current tax reduction in China, the beneficiaries are mainly middle and low income earners.
The marginal propensity to consume of the middle and low income people is higher. Therefore, tax reduction is especially important and necessary for China's economic growth, especially when China is in urgent need of stimulating domestic demand. It will play a positive role in a certain degree.
4000 yuan monthly income
Most are exempt from diplomatic relations.
It is understood that since 1994, the personal income tax law has undergone 5 amendments, this is the fifth reform.
Experts stressed that the implementation of the revised "People's Republic of China personal income tax law", for ordinary workers, the biggest change is that wages and salaries, personal income tax deduction standard increased from 2000 yuan to 3500 yuan per month.
3500 yuan refers to the deduction of the "three risks and one gold" after the arrival of wages, in fact, the wage of 4000 yuan or so of the majority of workers can be exempt from personal tax.
The head of the State Administration of Taxation said recently that the actual wages and salaries paid by taxpayers in September 1, 2011 should be applied to the revised cost reduction standard and the tax rate table, and the personal income tax should be calculated.
The actual salary and salary income of taxpayers before September 1, 2011, whether or not the tax is declared by the withholding agent after September 1, 2011, should 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.
Tax cuts will not lead to tax cuts.
Price rise
As for the impact of the implementation of the new personal income tax law, Professor Chen Gong, director of the Finance Department of Xiamen University, said in an interview with our reporter: "first of all, for the country, it is a reduction in tax revenue.
According to the forecast of the tax Ministry of the Ministry of finance, the adjustment of the exemption of personal income tax has reduced the annual revenue of the government's revenue by about 160 billion yuan.
Secondly, for taxpayers, especially low and middle income taxpayers, the personal income tax burden is reduced.
The main beneficiary of this tax reform is the monthly salary of 4000 to 8000 yuan.
He also believes that since the personal income tax is directly deducted every month, the year-end settlement is made again. Therefore, the amount of tax reduction is larger from the whole country, but from everyone's perspective, it is also from tens of yuan to around 1000 yuan, so it will not produce too much impact on people's consumption demand. The reduction of personal tax will not lead to price rise.
The industry also pointed out that, in addition to the adjustment of individual income tax, people should also pay attention to another important tax reduction content, that is, to adjust the income of individual business and business households and the income tax rate of contracted lease management.
The relevant charge of the State Administration of Taxation said that the relevant tax laws and regulations of the items of production and operation of individual industrial and commercial households are applicable not only to individual industrial and commercial households, but also to the production and operation of individual proprietorship enterprises and partnership enterprises.
Individual tax has the function of regulating income, but some experts say that the function of all income redistribution can not be added to the personal tax, and personal tax can not afford such heavy responsibilities.
The adjustment of the personal tax is just a step in the tax reform and can not be expected to take place one step at a time.
Promoting economic growth
No matter whether there is any imperfection in the tax reform, there is no doubt that the promotion of individual tax reform has been made.
Middle and low income persons
Get real benefits.
Take Beijing as an example, Hao Shuobo, deputy director of Beijing land tax bureau and spokesman, told reporters that the implementation of the revised personal income tax law will benefit 4 million 700 thousand taxpayers in Beijing, including 300 thousand individual businesses and so on.
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 any more. In addition, some high income earners will increase their tax burden.
Dong Zhengwei, a lawyer who had raised the proposal to raise the threshold of personal tax, said that raising the threshold of personal tax does not mean that the revenue and expenditure of the state will inevitably be reduced. The increase in income of ordinary citizens will inevitably be pformed into social consumption, and in the paction of goods and services, it will be pformed into new taxes, which is conducive to the development of the economy and society.
Chen Gong believes that personal income tax is collected on personal income. Its main role is to raise financial revenue and regulate income redistribution in order to achieve social equity.
It is not directly imposed on production or circulation, so its impact on the economic trend is not direct.
However, the personal tax and tax reduction increase to personal income, which will increase consumption demand and promote economic growth.
He also believes that it is not enough to promote the growth of domestic demand only by tax reduction.
It is impossible to promote the rapid growth of domestic demand through tax reduction.
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