The applicable tax rates for the part exceeding 800,000-500,000, 500,000-2 million-5 million-1 10,000 and the part exceeding 1 10,000 are 10%, 20%, 30%, 40% and 50% respectively.
The calculation formula of inheritance tax is "net taxable estate × applicable tax rate-quick deduction".
Inheritance tax is a tax levied by a country or region on the legacy left by the deceased, which is sometimes called "death tax" abroad. The original intention of levying inheritance tax is to prevent the gap between the rich and the poor from being too large through the adjustment of inheritance and donated property.
Inheritance tax is a kind of tax levied on the heirs and legatees of the estate with the property left by the decedent as the tax object. Theoretically speaking, if the inheritance tax is properly collected, it is of certain significance to adjust the wealth distribution of social members and increase the financial resources of the government and social welfare undertakings. Inheritance tax is usually set up and collected together with gift tax.
However, in order to attract investment and capital inflow, some countries and regions deliberately do not set or cancel inheritance tax.
20 16 12 19, 20 17 economic blue book issued by China academy of social sciences and China economic situation report meeting were held in Beijing. The Blue Book calls for implementing real estate tax and inheritance tax as soon as possible, and actively promoting personal income tax reform and other measures.
Extended data:
There are still some difficulties in levying inheritance tax and gift tax in China:
The first is the tax source. China is still in the primary stage of market economy. Although there are some rich people, there are still few in general, and the tax sources are not optimistic. Moreover, these people's property is scattered and hidden, and it is difficult to grasp their real property.
Second, many people's awareness of inheritance tax is still relatively weak and they don't really understand it;
Third, the amount collected is limited, which is easy to offend people, and the lack of collection and management power will inevitably affect the enthusiasm of tax collectors.
More than 100 countries in the world have levied inheritance tax, but the specific implementation of inheritance tax system varies greatly among countries. Generally speaking, the inheritance tax system can be roughly divided into three types:
Total inheritance tax system
The total inheritance tax is a comprehensive collection of the total amount of property left after the death of the property owner. There is a threshold for taxpayers to be executors of wills or administrators of estates. Generally, the excessive progressive tax rate is adopted, regardless of the personal relationship between the heir and the decedent and the personal situation of inheritance. In the form of expression, it is "tax after tax first". The United States, Britain, New Zealand, Singapore, Taiwan Province Province and other countries and regions have implemented this inheritance tax system, and Hong Kong has also adopted this tax system.
Split inheritance tax system
Also known as the inheritance tax system, it is a tax system that taxes the share of inheritance inherited by each heir separately. Taxpayers are the heirs of the inheritance, which is in the form of "after tax first" and mostly adopts progressive tax rates. Japan, France, Germany, South Korea, Poland and other countries implement the inheritance tax system.
Total inheritance tax
Total inheritance tax, also known as mixed inheritance tax, is an inheritance tax system that combines the first two tax systems. That is, the total inheritance tax is levied on the decedent's estate first, and then the inheritance tax is levied on the heir's share. The form of expression is "divide the total tax first and then divide the tax by stages", and the two taxes are combined into one and complement each other.
It combines the advantages of total inheritance tax and sub-inheritance tax, and first taxes the total amount of inheritance, so that the national tax has a basic guarantee. Then according to different situations, the heirs are taxed differently, so that tax fairness can be implemented. However, the total inheritance tax also has shortcomings, and it is suspected of double taxation to levy taxes on the same estate twice, which complicates the inheritance tax system.
References:
Inheritance tax-Baidu encyclopedia