Tax special deduction policy released
On December 22, the State Council officially issued the “Interim Measures for Special Deduction of Individual Income Taxes”, which will take effect on January 1, 2019.
The tax cut spree is here! Tax special deduction method

The special additional deduction for personal income tax refers to six special additional deductions for children's education, continuing education, major illness treatment, housing loan interest or housing rent, and maintenance of the elderly as stipulated in the Individual Income Tax Law. ...[Details]

Full policy
The State Council issued the Interim Measures for the Special Deduction of Individual Income Taxes from January 1, 2019.

The State Council recently issued the Interim Measures for the Special Deduction of Individual Income Taxes, which will take effect on January 1, 2019. The "Measures" pointed out that the special additional deduction for personal income tax refers to six special additional deductions such as child education, continuing education, major illness medical treatment, housing loan interest or housing rent, and maintenance of the elderly. ...[Details]

policy analyzing
Tax screen! 6 special additional deductions come to a picture to understand how much tax to pay less next year!

On December 22, the "Interim Measures for Special Deduction of Personal Income Tax" was officially announced, and it was implemented on January 1, 2019. At the same time, the State Administration of Taxation also issued the "Announcement on the Implementation of the New Individual Income Tax Law". . ...[Details]

The tax cut spree is here! From January 1st, the monthly tax amount of 15,000 yuan will be greatly reduced. The six major deductions can save the money.

On the evening of December 22, the State Council promulgated the "Interim Measures for the Special Additional Deduction of Personal Income Tax" and issued the "Regulations on the Implementation of the Individual Income Tax Law of the People's Republic of China". In addition to paying less than 5,000 yuan, you don't have to pay taxes. You have to understand these two points. ...[Details]

The official version is here! The tax is seriously ill and the rent deduction standard is raised! A picture to understand

The State Council officially promulgated the Interim Measures for the Special Additional Deduction of Personal Income Tax. Compared with the draft for comments, the rent deduction standard rose by up to 25%, the maximum deduction limit for major illnesses increased by 20,000 yuan, and the children’s technical school can also enjoy deductions, and a series of newly determined concessions will be put on the ground. ...[Details]

Pension, serious illness, rent, mortgage, education for children... You can come across 45 kinds of tax deductions.

Just now, the “Interim Measures for Special Supplementary Deduction of Personal Income Tax”, which has received much attention, was announced. Compared with the draft for comments in October, there have been some changes: the rent deduction for Beijing and Shanghai has increased by 300 yuan; the maximum limit for major illness has increased from 60,000 yuan to 60,000 yuan. 80,000 yuan; children can also be deducted when they go to school overseas...[Details]

A key step in deepening the reform of individual taxation - focusing on the interim measures for special tax deductions for individual taxes

Following the first release of the “levy point increase” tax cut bonus on October 1, the “Interim Measures for Special Additional Deduction of Personal Income Tax”, which has received much attention, was officially unveiled on the 22nd, marking the transformation of China’s comprehensive taxation and taxation reform. A key step is to release a positive signal that is more beneficial to the people. ...[Details]

A picture to understand the tax special additional deduction: the medical deduction limit of serious illness increased by 20,000 yuan

The more significant changes include: the addition of overseas education for children's education deduction; the medical deduction limit for major illnesses has been raised from 60,000 yuan to 80,000 yuan, and the optional spouse deduction has been added from the deduction of only the deceased. One party deducted; in terms of housing rent, the highest deductible municipal and provincial capital deductions increased from 1,200 yuan per month to 1,500 yuan per month. ...[Details]

A special tax deduction method for taxation is fixed! To calculate how much tax to pay less next year?

The Measures stipulate that taxpayers’ choice of expenditures for full-time academic education (including compulsory education, high school education, higher education) and expenditures for children in the pre-school period from the age of 3 to the age of primary school The spouse is deducted by 1,000 yuan per child per month, and the couple can also be deducted by 500 yuan per child per month. ...[Details]

The new tax special deduction rules are coming! The maximum deduction of 154,400 per year to see how much you can save

Roughly calculated, according to this standard, the maximum deductible is 154,400 yuan per year (2 children 24,000 yuan a year, 8400 yuan for adult continuing education, 80,000 yuan for serious illness, 18,000 yuan for renting, 24,000 yuan for the elderly). ...[Details]

Tax screen! Just three major regulations have come out! 6 special special deductions came

Today, the "Interim Measures for Special Deduction of Personal Income Tax" was officially announced, and it will be implemented on January 1, 2019. At the same time, the State Administration of Taxation also issued the "Announcement on the Implementation of the New Individual Income Tax Law on Several Contracts and Management Issues" for the first two days, meaning China’s tax reform has officially landed, and tax cuts and fees have been cut, opening the curtain of a new era. ...[Details]

Teach you to do a tax deduction: What certificates do you need to support the elderly? How to protect the privacy of serious illness?

As an office worker, how to fulfill your obligation to inform by applying for a form and filling out a report? What is the relevant form? How to fill out? What if people who don’t want to let the unit know about certain privacy? What information needs to be saved to enjoy the relevant deduction? How to calculate the monthly advance payment? ...[Details]

Li Dazhao: The new tax regulations eliminate the Chinese version of the 401K barrier and will bring a lot of long-term funds for A-shares.

The deduction of tax deferred commercial pension insurance expenses has eliminated obstacles for the implementation of the Chinese version of the 401k plan. This is a major positive policy and has a very important significance for the long-term development of the stock market! This is a major event that is worthy of the moment and deserves high attention from investors. The US stock market bull market is closely related to 401k. The Chinese version of the 401k plan will inevitably bring a lot of long-term funds, which is a major positive policy for A-shares. ...[Details]

Tax special deduction rules are coming! A picture to understand how to deduct six items such as children's education and mortgage

It has been two months since the public commented on October 20th. The Interim Measures for Special Deduction of Personal Income Tax (hereinafter referred to as the “Interim Measures”) finally met with you in a long-awaited way! What changes have occurred in the formal programme compared to the draft for comments? As a taxpayer, what should I do? ...[Details]

Children's education, first-home loans, renting a house must be deducted. Do you still pay taxes?

For young people who are developing in big cities, special deductions such as housing rents will bring about widespread tax cuts; for young and middle-aged people with old, young, and mortgages or rents, special deductions will be introduced. The tax deduction standard will be raised to 9,000 yuan / month or even higher. ...[Details]

The temporary provision for additional tax deductions for taxation is issued. A private enterprise 700 employees are not required to pay taxes.

The company has nearly 700 employees in the Songjiang base. After the basic tax reduction fee was raised to 5,000 yuan in October this year, the company's monthly tax payment was reduced from 420,000 yuan to 220,000 yuan. "After the introduction of the special deduction method, we will immediately carry out preliminary calculations. Starting from January next year, 62% of the employees of Songjiang Base will not have to pay a tax. The tax reform provides a basic guarantee for enterprises to introduce talents and retain talents."... [Details]

related policy
The rules are coming! The State Administration of Taxation issued the "Measures for the Special Deduction of Individual Income Taxes (Trial)"

In order to implement the newly revised "Personal Income Tax Law of the People's Republic of China" and the "Notice on the Interim Measures for the Special Additional Deduction of Individual Income Taxes issued by the State Council" (Guo Fa [2018] No. 41), the State Administration of Taxation has formulated a special deduction for personal income tax. Operation method (trial). It is hereby released and will be implemented on January 1, 2019. ...[Details]

Announcement on issues related to personal income tax return

According to the newly revised "Personal Income Tax Law of the People's Republic of China" and its implementation regulations, the relevant issues concerning the personal income tax return of the individual income tax are hereby announced as follows: 1. The comprehensive income is subject to the settlement of the tax return and the comprehensive income is obtained and the following cases are met. One of the taxpayers shall handle the settlement and settlement according to law. ...[Details]

Announcement on matters related to the natural person taxpayer identification number

According to the newly revised "Personal Income Tax Law of the People's Republic of China", in order to facilitate taxpayers to handle tax-related business, the relevant matters concerning the natural person taxpayer identification number are announced as follows: 1. The natural person taxpayer identification number is a natural person taxpayer handling various types of matters. A unique code identifier for the tax item. 2. If there is a Chinese citizenship number, the Chinese citizenship number shall be used as the taxpayer identification number; if there is no Chinese citizenship number, the tax authority shall assign the taxpayer identification number. ...[Details]

Announcement on the adjustment of the personal income tax "Tax-paid tax certificate" (documentary) to the relevant matters of the "tax record"

In order to cope with the reform of the personal income tax system, further implement the requirements of the State Council for reducing the burden of convenience and convenience, and optimize the tax payment service, the State Administration of Taxation decided to adjust the personal income tax "tax payment certificate" (documentary) to the "tax record." ...[Details]

Tax authorities suggest that the January salary will not be deducted in time and can be extended to February.

With the introduction of a new tax policy, additional deductions are highly regarded by taxpayers. However, since there are only less than 10 days left until January 1, many taxpayers who wish to withhold the advance tax by the unit are worried that it will be affected by the submission of personal household data. In this regard, Beiqing Daily reporter learned from the Beijing Municipal Taxation Bureau tonight that if individual units fail to deduct in time in January, they can be deducted in January when they are paid in February or later. ...[Details]

Announcement of the State Administration of Taxation on Issuing the Administrative Measures for the Deduction of Individual Income Tax Withholding (Trial)

In order to implement the newly revised "Personal Income Tax Law of the People's Republic of China" and its implementation regulations, the State Administration of Taxation has formulated the "Administrative Measures on the Deduction of Individual Income Tax Deduction (Trial)", which is hereby promulgated and will be implemented as of January 1, 2019. . ...[Details]

Li Keqiang signed a State Council order to announce the revised Regulations on the Implementation of the Individual Income Tax Law of the People's Republic of China

Premier Li Keqiang recently signed an order of the State Council to announce the revised Regulations on the Implementation of the Individual Income Tax Law of the People's Republic of China. The revised Individual Income Tax Law Implementation Regulations will be implemented simultaneously with the new personal income tax law from January 1, 2019. ...[Details]

After the implementation of the new tax law, the resident individual withholding method is announced!

The State Administration of Taxation has just announced today that in order to implement the newly revised "Personal Income Tax Law of the People's Republic of China", the current deduction of the individual's personal wages, salary income, labor remuneration income, remuneration income, and franchise after the full implementation of the new personal income tax law The calculation method of the withholding personal income tax withholding income from the royalties shall be announced as follows for the calculation of the deduction of personal income tax for the above four incomes of non-resident individuals. The announcement shall take effect on January 1, 2019. ...[Details]

A picture to understand