2019 new policy on personal income tax

1. It is to include the main income items that often occur in individuals into the scope of comprehensive tax. The four incomes of wages and salaries, remuneration for labor services, author's remuneration and royalties are included in the scope of comprehensive tax, and the collection and management mode of monthly or itemized prepayment, annual summary calculation, and excess refund and deficiency compensation shall be implemented.

2. It is to improve the deduction mode of individual income tax expenses. On the one hand, the standard of basic deduction of expenses will be reasonably raised, and the standard of basic deduction of expenses will be increased to 5,000 yuan per person per month, and on the other hand, six special additional deductions will be set up for children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, and support for the elderly.

3. It is to optimize and adjust the structure of individual income tax rates. On the basis of the current seven-level excess progressive tax rate of 3%-45% on wage income, the bracket of the lower tax bracket of the three levels of % will be expanded, and the range of the 25% tax bracket will be reduced accordingly, and the range of the three higher tax brackets will remain unchanged.

The adjustment of individual income tax is related to the interests of each citizen, following the adjustment of the new individual income tax to the threshold of 5,000 yuan in October, the state has brought you the good news of special additional tax deduction.

The special additional deduction policy clearly stipulates that special additional deductions can be made to meet children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, and supporting the elderly. According to the 2019 new individual income tax policy, in the future, the taxable income of individual income tax will be calculated, in addition to the basic deduction of 5,000 yuan and special deductions such as "three insurances and one housing fund", you can also enjoy 6 additional deductions of individual income tax.

Legal analysis: The scope of individual income stipulated in the Individual Income Tax Law: (1) Income from wages and salaries refers to the wages, salaries, bonuses, year-end salary increases, labor dividends, allowances, subsidies and other income related to the position or employment obtained by an individual due to his or her position or employment.

2) The remuneration for labor services refers to the income obtained by individuals engaged in labor services, including the income obtained from design, decoration, installation, drawing, laboratory testing, testing, medical treatment, law, accounting, consulting, lecturing, translation, review, calligraphy and painting, sculpture, film and television, audio and video recording, performances, performances, advertising, exhibitions, technical services, introduction services, brokerage services, agency services, and other labor services. (3) "Income from author's remuneration" refers to the income obtained by individuals from the publication or publication of their works in the form of books, newspapers and periodicals. (4) Income from royalties refers to the income obtained by individuals from the right to use patent rights, trademark rights, copyrights, non-patented technologies and other concession rights; The income obtained from providing the right to use the copyright does not include the income from author's remuneration.

5) Business income refers to: 1Income obtained by individual industrial and commercial households engaged in production and business activities, and income from the production and operation of sole proprietorship enterprises and partnership enterprises registered in China by investors of sole proprietorship enterprises and individual partners of partnership enterprises**; 2.

Income obtained by individuals from engaging in school-running, medical treatment, consulting and other paid service activities in accordance with the law; 3.Income obtained by individuals from contracting or leasing operations, subcontracting or subleasing of enterprises and public institutions; 4.Income obtained by individuals engaged in other production and business activities.

6) Income from interest, dividends and bonuses refers to the income from interest, dividends and bonuses obtained by individuals from owning creditor's rights and equity. (7) Income from property lease refers to income obtained by individuals from leasing immovable property, machinery and equipment, vehicles and vessels, and other property. (8) Income from property transfer refers to the income obtained by individuals from the transfer of valuable, equity, property shares in partnerships, immovable property, machinery and equipment, vehicles and ships, and other property.

9) Accidental income refers to the income of individuals who have won prizes, won lotteries, won lotteries and other incidental natures. If it is difficult to define the taxable income items for the income obtained by an individual, it shall be determined by the competent tax authority.

Legal basis: Individual Income Tax Law of the People's Republic of China Article 1 An individual who has a domicile in China, or who has no domicile and has resided in China for a total of 183 days in a tax year, is a resident individual. Resident individuals shall pay individual income tax on income derived from within and outside China in accordance with the provisions of this Law.

Individuals who do not have a domicile and do not reside in China, or who do not have a domicile and have resided in China for less than 183 days in a tax year, are non-resident individuals. Non-resident individuals shall pay individual income tax on their income derived from within the territory of China in accordance with the provisions of this Law. The tax year begins on January 1 and ends on December 31 of the Gregorian calendar.

1. The first is the change in the amount of exemption. In 2019, the exemption amount of personal income tax was increased from 3,500 yuan to 5,000 yuan. The income from wages and salaries of non-resident individuals shall be the taxable income after deducting 5,000 yuan of expenses from the monthly income; Income from remuneration for labor services, author's remuneration and royalties shall be taxable income based on the amount of each income.

Among them, the income from remuneration for labor services, author's remuneration and royalties is the balance of the income after deducting 20% of the expenses. The amount of income derived from author's remuneration is reduced by 70%.

2. It clarifies the individual income tax on wages and salaries of individual residents, and adopts the cumulative withholding method for withholding and prepayment on a daily basis; Individual income tax on income from remuneration for labor services, income from author's remuneration and income from royalties shall be withheld and prepaid in accordance with the current provisions of the basic translation; Non-resident individuals are subject to the calculation and withholding of individual income tax in accordance with the provisions of the tax law.

3. For the first time, a special additional deduction was established. On the basis of raising the basic deduction expenses, we will increase expenses such as children's education, continuing education, medical treatment for serious illnesses, interest on housing loans or housing rents, and support for the elderly, so as to further enhance the fairness of the tax system.

Article 6 of the Individual Income Tax Law of the People's Republic of China.

Calculation of Taxable Income:

1) The comprehensive income of individual residents shall be the taxable income after deducting 60,000 yuan of expenses and special deductions, special additional deductions and other deductions determined in accordance with the law in each tax year.

The income from wages and salaries of non-resident individuals shall be taxable income based on the balance of the monthly income after deducting expenses of 5,000 yuan; Income from remuneration for labor services, author's remuneration and royalties shall be taxable income based on the amount of each income.

3) Business income shall be the taxable income based on the balance of the total income of each tax year after deducting costs, expenses and losses.

4) Where the income from property lease does not exceed 4,000 yuan each time, 800 yuan shall be deducted from expenses; If the reserve is more than 4,000 yuan, 20% of the expenses shall be deducted, and the balance shall be the taxable income.

5) Income from the transfer of property shall be the taxable income after deducting the original value of the property and reasonable expenses from the income from the transfer of property.

6) Interest, dividends, roll-over dividends and incidental income shall be taxable income based on the amount of each income.

Income from remuneration for labor services, author's remuneration and royalties shall be the balance of the income after deducting 20% of the expenses. The amount of income derived from author's remuneration is reduced by 70%.

On January 1, the newly revised personal income tax law was fully implemented. In addition to raising the "tax threshold" and adding six special additional deductions, the current individual income tax reform has also established a comprehensive and classified individual income tax system for the first time in China's history.

2. The comprehensive tax system, generally speaking, is "consolidating the annual income and calculating the tax on an annual basis", which is compared with the classification tax system that has been implemented in China, and the calculation method of individual income tax has changed. That is, the income from wages and salaries, remuneration for labor services, author's remuneration and royalties obtained by taxpayers is combined into "comprehensive income", and the individual income tax payable is calculated on a "yearly" cycle.

3. Calculate and pay individual income tax when paying wages every month, and at the end of the year, it is generally before May 31 of the following year to make the final settlement of the current year, and the excess tax will be refunded and the deficiency will be compensated.

4. The salary is 30,000 yuan, after deducting the three insurances and one housing fund and special additional deductions, the individual income tax is paid, because the personal income tax is an excess progressive tax rate, so the monthly tax amount of each Yukai Qi is inconsistent, but the monthly payment of personal income tax should be between 700-1550 yuan. The key depends on whether the individual has a special attachment deduction, and if so, it is possible to pay less individual income tax.

The latest individual income tax policy in 2019 is mainly reflected in two points: first, the tax threshold has been increased from 3,500 yuan to 5,000 yuan, and the range of the three low tax rates has been expanded, from 1,500 yuan, 3,000 yuan, and 4,500 yuan to 3,000 yuan, 9,000 yuan, and 13,000 yuan respectively. The second is to increase special deductions, including children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, support for the elderly and other expenses, which can be deducted before tax according to the prescribed standards when filing tax returns, so as to effectively reduce the tax burden and achieve precise tax reduction.

Among them, (1) children's education shall be deducted according to the standard fixed amount of 12,000 yuan per child per year (1,000 yuan per month), and parents can choose to have one of them deduct 100% of the deduction standard, or they can choose to deduct 50% of the deduction standard by both parties. (2) If continuing education belongs to academic (degree) education, it will be deducted according to a fixed amount of 400 yuan per month; If it belongs to vocational qualification education, it will be deducted according to the fixed amount of 3,600 yuan in the year when the relevant certificate is obtained. (3) The interest of the housing loan shall be deducted according to the standard fixed amount of 1,000 yuan per month in the year in which the loan interest is actually incurred, and the deduction period shall not exceed 240 months, and the interest deduction of the first housing loan can only be enjoyed once; By agreement between the husband and wife, one of them can choose to deduct the deduction, and the specific deduction method cannot be changed within a tax year.

4) Housing rent can be deducted according to the three standard fixed amounts of 1,500 yuan, 1,100 yuan and 800 yuan respectively according to the different main working cities. (5) The part of the personal burden of serious illness medical treatment exceeding 15,000 yuan shall be deducted by the taxpayer within the limit of 80,000 yuan when handling the annual final settlement; You can choose to deduct it by yourself or your spouse, and you can choose to deduct the medical expenses incurred by your minor children by one of your parents. (6) Supporting the elderly refers to the parents who are at least 60 years old, and the grandparents who have reached the age of 60 when their children have passed away, and if the supporter is an only child, the standard fixed deduction of 2,000 yuan per month shall be made; If the supporter is not an only child, the deduction amount of 2,000 yuan per month shall be shared between the supporter and his siblings, and the amount to be shared by each person shall not exceed 1,000 yuan per month, which may be shared equally or agreed by the supporter, or may be designated by the dependent.

In particular, it should be noted that the housing loan interest and housing rent can only be deducted in one way, and cannot be deducted at the same time. In addition, you can contact me separately for other details of individual income tax, such as the materials required for individual income tax deduction, how to write the designation or agree on the sharing agreement for the elderly, etc.

[Legal basis].

Article 2 of the Interim Measures for Special Additional Deductions for Individual Income Tax: The special additional deductions for individual income tax referred to in these Measures refer to the six special additional deductions for children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, and support for the elderly stipulated in the Individual Income Tax Law.