Our year-end bonus is calculated and taxed separately as one month's salary income, that is, the year-end bonus is divided by 12 months, and its quotient is taxed according to the corresponding tax rate file.
Many units do not pay attention to it, which leads to the imbalance between employees' wages and year-end awards, and one party is too high, thus raising the comprehensive tax rate for the whole year. One point that needs special attention is the critical point of taxation.
2. Understand the tax deduction policy After recognizing the income composition, you must understand the tax deduction policies that you can apply, including central policies and local policies. In addition to housing provident fund, insurance is also an important means to realize personal tax planning. Individuals are allowed to deduct the cost of purchasing commercial health insurance that meets the prescribed scope before tax when calculating the taxable income of the current month or year.
Personal tax rate is excessively progressive. When it progresses to a certain extent, the increase in wages and salaries will bring less and less benefits to disposable personal income.
3. Tax preferential policies (1) are approved for collection.
At present, China's special economic zones have introduced some preferential tax policies to promote local economic development, and registered enterprises in low-tax areas with tax policies.
High-income people can set up a sole proprietorship enterprise in the tax preferential park, sign a contract with the company and pay their wages in the form of cooperation fees. A sole proprietorship enterprise established in a tax depression can be approved to collect income tax.
(2) natural person collection.
The purpose of collecting invoices by natural persons is mainly to serve individuals or business groups without the ability to issue invoices. In order to facilitate freelancers or business operators to invoice, local tax authorities may apply for natural persons to invoice on their behalf.
Taxes collected by natural persons: value-added tax: 1% (VAT invoice)+additional tax+personal income tax, with corresponding tax payment vouchers attached. After the tax policy of natural persons, there is no need to pay a tax.
I hope my answer can help you, and I hope it will be adopted!