According to the relevant policies of the pilot program of "VAT reform", the taxable services of changing business tax into value-added tax include trademark copyright (use fee) transfer services and intellectual property services. Among them, trademark copyright transfer service includes trademark use right transfer service. Therefore, royalties belong to the provision of modern service industry, and the applicable VAT rate is 6%.
How to calculate the individual tax of royalties?
Royalty income refers to the income obtained by individuals from providing franchise rights such as patents, trademarks, copyrights and non-patented technologies. The income from providing the right to use copyright does not include the income from remuneration. The income obtained from the public auction (bidding) of the original or duplicate of the author's own written work shall be taxed according to the item of remuneration. The income from economic compensation of individuals who have obtained the concession shall be taxed as "royalties".
The income from royalties shall be one-time royalties, and the taxable income shall be the fixed amount or the balance after deducting the prescribed expenses. Every time the income does not exceed 4,000 yuan, 800 yuan will be deducted; If the income is more than 4,000 each time, 20% of the expenses will be deducted from the fixed rate. Royalty income is subject to a proportional tax rate of 20%.
Personal income tax payable = taxable income x applicable tax rate.
Intermediary fees paid by individuals in technology transfer are allowed to be deducted from their income if valid legal documents can be provided. (Caishuizi [1994] No.020)
Income from auctioning the original or copy of the manuscript of the author's literary works shall be subject to personal income tax according to the item of "remuneration for writing" (Guo Shui Fa [1994] No.089).
The VAT rate of royalties is 6%. If you are not familiar with many contents since the reform of the camp, you should go to official website to inquire. Then Bian Xiao asked a question, "What is the VAT rate of royalties?" That's it. I believe everyone knows this kind of financial knowledge. If you have any other financial questions about the value-added tax on royalties, you can consult the online teacher of our online accounting school or contact us directly online.