The consequences of failure to pay taxes are as follows:
1. Pay fines and late fees;
2. Enforcement by the tax authorities;
3. If the amount of tax evasion is relatively large, the case shall be sent to the public security economic investigation department;
4. The person shall be held criminally responsible;
5. The person shall be held seriously criminally liable.
The threshold for personal income tax on wages is raised to 5,000 yuan, and the annual comprehensive income below 60,000 yuan is exempt from personal income tax.
The personal tax calculation formula is: tax payable = (monthly salary income - three insurances and one housing fund borne by the individual - 5,000) * applicable tax rate - quick calculation deduction.
Do I need to pay personal tax on compensation?
Do I need to pay personal tax on compensation? The state stipulates a minimum standard for personal income tax on one-time economic compensation and compensation received by workers. Only the portion exceeding this standard will be paid personal income tax based on the average of the worker's actual working years with the employer. The specific standards are as follows:
1. The standard is three times the average salary of local employees in the previous year. If it is lower than this amount, employees do not need to pay personal income tax; if it is higher than this amount, employees need to pay personal income tax. .
2. If the one-time economic compensation and other income obtained by the employee is higher than 3 times the average salary of local employees in the previous year, the higher part shall be divided by the number of years the employee has worked in the unit (the employee has worked in the unit) If the employee has worked in the unit for more than 12 years (if the employee has worked in the unit for more than 12 years, it will be calculated as 12 years), the amount of income will be treated as the employee’s personal monthly wages and salary income, and the part exceeding 2,000 yuan will be taxed at 2,000 yuan. Personal income tax.
I hope the above content will be helpful to you. If you still have any questions, please consult a professional lawyer.
Legal basis:
Article 210 of the "Criminal Law"
Taxpayers use deception or concealment methods to make false tax returns or fail to declare and evade payment If the tax amount is relatively large and accounts for more than 10% of the tax payable, the person shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also be fined; if the amount is huge and accounts for more than 30% of the tax payable, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years. imprisonment, and a fine. If the amount is huge and accounts for more than 30% of the tax payable, the person shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years, and shall also be fined.
If the withholding agent uses the means listed in the preceding paragraph to fail to pay or underpays the taxes that have been withheld or collected, and the amount is relatively large, he shall be punished in accordance with the provisions of the preceding paragraph.
If the above two acts are committed multiple times and are not dealt with, the cumulative amount will be calculated.
Anyone who commits the act in Paragraph 1 and after the tax authority issues a recovery notice in accordance with the law, pays the tax due, pays late payment fees, and is subject to administrative penalties will not be held criminally responsible; however, any person who evades tax payment within five years will not be held criminally responsible. Except for those who have received criminal penalties or been given two or more administrative penalties by the tax authorities.