The New Tax Policy Brings These "Invisible Benefits" To The Textile Workers. Has The Business Helped Us Understand?

Since January 1, 2019, the new personal income tax law has been put into effect throughout the country.

The new tax law not only added six additional deductions for the first time, but also raised the levy point from 3500 yuan per month to 5000 yuan per month.

What kind of groups benefit from the new tax law?

With the popularization and explanation of the new tax law and the withholding by law, textile workers feel that they have obtained some "invisible benefits".

Taxable income = monthly income -5000 yuan (starting point) - special deduction (three risks, one gold, etc.) - special additional deduction - other deductions determined according to law.

(Note: the new tax law will come into effect on January 1, 2019, and the new threshold and tax rate will be implemented from October 1, 2018.

The new tax law stipulates that from October 1, 2018 to December 31, 2018, the taxpayers' salaries and salaries will be deducted from the monthly income by five thousand yuan, and the balance of special deductions and other deductions determined according to the law shall be the taxable income. According to the personal income tax rate table (comprehensive income applicable), the tax shall be calculated after the monthly conversion, and no additional deductions will be deducted.

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Raising threshold

Middle and low income textile workers say "good".

After the new tax law came into operation, the wage earners spread such a saying: "people earning 3600 yuan a month now can save two buns per month, and those who earn 5000 yuan a month can save three kilograms of meat. Those who earn 100 thousand yuan a month can eat half a year's luxury breakfast."

In the past individual tax reform, the starting point has always been the focus of attention of workers.

The new tax law of this reform stipulates that the total income of the residents should be adjusted to 5000 yuan from the previous 3500 yuan.

The amount of exemption before the 3500 yuan began in 2011. With the increase of residents' wages and prices, people's living costs have increased, adjusting the threshold has become very necessary.

After the new tax came to the ground, a Post-80 textile worker said in a circle of friends: "the new tax law is really affordable and the income level is in the middle and lower textile workers. After the adjustment of the tax threshold, the most intuitive feeling is that wages have not risen, but the money has arrived."

The new tax law raises the threshold, and the most beneficial is the salaried class.

"The new tax law is a good policy to benefit the people," a textile worker who earned 4500 yuan a month told reporters: "before the tax reform, I have to pay a personal tax of 30 yuan per month. After raising the threshold, I do not need to pay any more tax, which is equivalent to getting hundreds of dollars per year."

The textile industry is not a highly paid industry, with a large proportion of employees earning 3500 yuan ~5000 yuan. For these workers, no longer pay personal taxes, which has virtually increased their income and reduced the burden of such workers.

Many middle-income textile workers have also indicated that the new tax law is indeed a good policy for benefiting the people. Raising the threshold and adding additional deductions are the invisible benefits of workers, and the monthly wages are also increasing.

Special additional deduction

Employee happiness improvement

The new tax law added a special additional deduction for the first time, namely, children's education, continuing education, serious medical treatment, interest on housing loans or housing rent, and supporting the elderly, etc. six items.

It can be seen that the basic focus on pension, education, health care, housing and other areas closely related to the residents' lives, so much praised by the public.

Zhang Defa, the wheel leader of the textile machinery workshop of Jihua 3542 textile company, has a monthly income of about 6000 yuan ~7000 yuan per month, he told reporters: "before tax reform, I have to pay a personal tax of $200 per month. After the special deduction is added, no tax will be paid, and it will get more than 2000 yuan per year."

Zhang Defa has both schoolchildren and elderly people who need support. He can enjoy two special deductions, which save more than 2000 yuan a year, and can pay for the cost of education and living expenses.

A 85 women textile worker at the management said to reporters that the special additional deduction is a reform with temperature. Most of the textile workers in the factory are at the age of "old and small," and some workers are also under the pressure of mortgage loans.

The wage level of the labor intensive textile industry is limited. Many workers complain that their income level is not directly proportional to their hard work on weekdays, and that their living pressure is high and their sense of happiness is not high.

She said: "after the introduction of the new tax law, raising the threshold and increasing the special deduction, each rule is for the sake of the common people. It can be seen that the government wants to effectively reduce the pressure of life of the middle and low income groups and improve the happiness of these people."

According to the research fellow of Suning Financial Research Institute, in all the individual tax reforms in China, it is simply to increase the exemption amount. Although the middle and low income groups can pay less tax, under the progressive tax rate, the higher the income group is, the less tax they pay. This may play a counterproductive role in the allocation of income tax.

Therefore, the real fairness is not to change the exemption, but to consider the difference of personal burden.

"The occurrence of special additional deduction will undoubtedly greatly reduce the tax burden on those who are heavily burdened and have a higher cost of living, which is very helpful for promoting social equity."

He said.

In addition, the role of these six deductions, in addition to reducing tax burden, also reflects the guiding role of Taxation on society.

For example, the expenditure of supporting the elderly is conducive to carrying forward the traditional virtues; the expenditure of children's education is conducive to encouraging marriage and childbearing; continuing education expenditure is conducive to encouraging individual learning and improving the overall quality of residents.

Enterprise training

Helping workers understand new taxes better

After the introduction of the new tax law, workers need to fill in their own special deductions, and many workers do not understand much of the new tax law and understand it very hard.

A middle-aged employee said, "personal tax reform is a good thing, but the special deductible information needs to be downloaded by mobile phone software. I usually do not surf the Internet frequently, and it is more difficult to operate."

Aiming at this problem, many enterprises have carried out specialized training courses to help employees understand the new tax law faster and complete the declaration smoothly.

Recently, Jiangsu Sheng Hong Group Co., Ltd., on the enterprise WeChat public number, pushed the article entitled "hand in hand to teach you special additional deduction information".

The article covers the full set of contents from downloading the tax phone software from different systems to the specific deduction of special additional deduction information. The staff and staff members who fill in the steps and pictures also fill in the special additional deduction information, and answer some common problems. The workers are praised in detail, and the workers can complete the declaration according to the steps in the article.

After the implementation of the new tax law, the Finance Department of Qingdao Hongda Textile Machinery Co., Ltd. organized the training course for the first time of the new tax policy.

The head of the company's financial department made a detailed interpretation of the six special deduction policies and the personal tax APP operation instructions, and answered the specific questions raised at the scene.

Through this training, Qingdao Hongda workers fully understand the new tax policy.

At present, the company has 223 people to fill out the corresponding special deduction information.

According to the company's wage payment arrangements, employees who report special deductions before January 17th can enjoy the bonus of personal tax preferential tax policy from this month.