Excessive progressive tax rate refers to dividing the same tax base into corresponding grades, and calculating the tax amount by applying the tax rates of each grade respectively, and the sum of the tax amounts of each grade is the taxable amount.
What is personal income tax?
Personal income tax is the general name of legal norms that adjust the social relationship between tax authorities and natural persons in the process of personal income tax collection and management.
What's the exchange rate for personal income tax?
According to China's laws and regulations, the tax rate of individual income tax is divided into: comprehensive income is subject to an excessive progressive tax rate of 3% to 45%; Operating income is subject to an excessive progressive tax rate of 5% to 35%; Income from interest, dividends and bonuses, income from property leasing, income from property transfer and accidental income shall be subject to the proportional tax rate of 20%.
What does the comprehensive income of individual income tax specifically include?
1. Wages and salary income: wages, salaries, bonuses, year-end salary increase, labor dividends, allowances, subsidies and other income related to employment;
2. Income from remuneration for labor services: income from personal services such as medical care, law, accounting, lectures, news, broadcasting, consulting, translation, peer review and agency services;
3. Royalty income: income obtained by individuals from providing franchise rights such as patents, trademarks, copyrights and non-patented technologies;
4. Income from remuneration: income obtained by individuals from publishing works in the form of books and newspapers.
What does the annual settlement of comprehensive income from individual taxes mean?
The annual calculation of comprehensive income refers to the process that taxpayers add up the annual income of four comprehensive incomes, such as wages and salaries, labor remuneration, royalties and royalties, after the end of the year, subtract the annual expenses and deductions, get the taxable income, calculate the annual personal income tax payable according to the annual tax rate table of comprehensive income, subtract the tax paid in advance in the current year, and handle the annual tax declaration with the tax authorities to settle the tax refund or supplementary tax. Individual residents who need to make annual settlement to obtain comprehensive income should make settlement through 1 from March 0 to June 30 of the following year.