In China's personal income tax system, besides the tax threshold, there are also some tax relief items that can help taxpayers reduce the tax payable. According to the latest policies and regulations, the tax reduction and exemption projects in 223 mainly include the following aspects: 1. Additional deduction for children's education: the expenses of children under the age of 25 who receive preschool education, compulsory education, ordinary high school education, secondary vocational education and education with bachelor's degree or below in cities and towns (including parks) can be deducted according to regulations. 2. Additional deduction for continuing education: Taxpayers who accept continuing education expenses can enjoy certain deduction when calculating the personal income tax payable according to regulations. 3. Special additional deduction of housing loan interest and rent: Taxpayers can enjoy a certain amount of deduction of housing loan interest and rent expenses in accordance with the regulations, provided that the conditions are met. 4. Additional deduction for supporting the elderly: if there are elderly people aged 65 or above in the family who do not enjoy the nursing services provided by social insurance or welfare institutions, taxpayers can enjoy certain deduction for supporting the elderly according to regulations. 5. Deduction of medical expenses for serious illness: Taxpayers' medical expenses for serious illness can enjoy a certain deduction when calculating the personal income tax payable according to regulations. 6. Deduction from the transformation of patented technological achievements: For patented technological achievements independently researched and developed and recognized by China National Intellectual Property Administration, you can enjoy preferential tax policies according to regulations after the technological achievements realize the benefits. It should be noted that different relief projects have different limits and conditions. For details, please refer to relevant policy documents and the official website of State Taxation Administration of The People's Republic of China. Taxpayers should abide by the relevant tax laws and regulations of the state when enjoying tax consulting services, and provide relevant certification materials truthfully to avoid unnecessary risks.
what are the restrictions on the tax relief project? Among the tax reduction and exemption projects, different projects involve different conditions and limits. For details, please refer to relevant policy documents and the official website of State Taxation Administration of The People's Republic of China. It is worth mentioning that taxpayers should meet certain conditions when enjoying the tax relief policy. For example, the additional deduction of children's education needs to meet the requirements of education stage and education type, and the special additional deduction of housing loan interest and rent needs to meet the relevant requirements in terms of housing area, purchase time and loan balance.
The tax relief project in p>223 mainly covers children's education, continuing education, housing, supporting the elderly, serious illness medical treatment and the transformation of patented technological achievements, and the specific situation will be adjusted with the change of policies. It is suggested that taxpayers keep abreast of the latest tax policies, check their eligible deductions, and declare in time according to regulations to ensure that they enjoy the corresponding preferential tax policies. At the same time, we must also abide by the relevant national tax laws and regulations, fulfill our tax obligations, and avoid unnecessary risks.
Legal basis:
Law of the People's Republic of China on the Administration of Tax Collection Article 1 This Law is formulated in order to strengthen the administration of tax collection, standardize the tax collection and payment, safeguard the national tax revenue, protect the legitimate rights and interests of taxpayers and promote economic and social development.