Since the release of the "Overall Plan for the Construction of Hainan Free Trade Port", Hainan has gone all out to implement the previous policy arrangements, and a number of core policies have been implemented. Among them, the "two 15% income tax" policy has been implemented rapidly, effectively attracting market players and talents to gather. This article will focus on the preferential policies of individual income tax in Hainan.
Preferential policies for personal income tax: high-end talents and talents in short supply who work in Hainan Free Trade Port shall be exempted from the part where the actual personal income tax burden exceeds 15%.
High-end talent conditions
1. belongs to talents recognized by talent management departments at all levels in Hainan Province.
2. In a tax year, the income of Hainan Free Trade Port has reached more than 300,000 yuan.
3. You must work in Hainan Free Trade Port and pay social insurance such as basic old-age insurance in Hainan Free Trade Port for more than 6 months within a tax year (including June 5438+February this year), and sign labor relations certificates such as labor contracts or employment agreements with enterprises or units registered in Hainan Free Trade Port 1 year or more. Overseas high-end talents who are unable to pay social insurance must provide labor contracts or employment agreements with enterprises or units registered in Hainan Free Trade Port for more than 1 year.
Shortage of talent conditions
1. conforms to the scope of talent demand of Hainan Free Trade Port industry.
2. You must work in Hainan Free Trade Port and pay social insurance such as basic old-age insurance in Hainan Free Trade Port for more than 6 months within a tax year (including June 5438+February this year), and sign labor relations certificates such as labor contracts or employment agreements with enterprises or units registered in Hainan Free Trade Port 1 year or more. Overseas talents who are in short supply and unable to pay social insurance must provide proof of labor relations such as labor contracts or employment agreements with enterprises or units registered in Hainan Free Trade Port for more than 0/year.
Hainan Bonded Port Area Industry Shortage Talent Demand Catalogue (2020 Edition)
The list management system shall be implemented for high-end talents and talents in short supply who enjoy preferential policies. You don't need to apply for talent appraisal. Relevant departments will check and confirm the list of talents who enjoy preferential policies through information sharing, personal credit, social security records and other information. As long as you are on the list, you can enjoy preferential policies.
Popular question and answer
1. What income can enjoy the preferential policies of individual income tax? How to enjoy preferential policies?
1. The income from preferential policies includes the comprehensive income of Hainan Free Trade Port (including wages, salaries, labor remuneration and royalties), operating income and subsidy income, a talent recognized by Hainan Province.
Income from wages and salaries refers to wages, salaries, bonuses, year-end salary increase, labor dividends, allowances, subsidies and other income related to employment and employment obtained by individuals from employment units in Hainan.
Income from labor remuneration refers to the income obtained by individuals from Hainan who engage in labor services in Hainan.
The income from remuneration for writing refers to the income obtained by individuals from publishing works in the form of books, newspapers, etc. in Hainan.
Royalty income refers to the income obtained by individuals from providing patents, trademarks, copyrights, non-patented technologies and other franchise rights in Hainan.
Operating income refers to the income obtained from production and business activities in Hainan.
Subsidy income, a recognized talent in Hainan Province, is confirmed separately according to the distribution object and distribution method. Related to jobs and employment, included in the comprehensive income; Related to production and business activities, included in operating income.
2. Enjoy preferential policies when handling the annual settlement of personal income tax in Hainan Province.
Second, how to calculate the tax reduction?
I. Calculation of Tax Relief for Individual Comprehensive Income of Residents
Tax relief = (comprehensive income tax payable-comprehensive income tax payable × 15%)× Hainan comprehensive income ÷ comprehensive income.
II. Calculation of Tax Reduction and Exemption for Personal Business Income of Residents
Tax relief = (business income tax payable-business income tax payable × 15%)× Hainan business income tax payable ÷ business income tax payable.
Iii. Calculation of relevant income tax deduction for non-resident individuals
Non-resident individual salary tax relief = (salary taxable amount-salary taxable income × 15%)× Hainan salary income ÷ salary income.
Non-resident personal labor remuneration, royalties, tax exemption = Hainan taxable income × 15 non-resident personal business income tax exemption = (business income taxable income × 15% )× Hainan taxable income ÷ business income taxable income.