HOMENews2019 (Republic of China 108 years) from January 1st, Ministry of Finance, financial and economic information
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012019.01
2019 (Republic of China 108 years) from January 1st, Ministry of Finance, financial and economic information
Image source: Economic Daily
- The comprehensive tax deduction for the comprehensive tax has been raised to 120,000 yuan (there are double deductions for spouses)
- Special deductions for salary income and physical and mental disabilities increased to 200,000 yuan
- The pre-school special deduction for the children of the comprehensive tax increase to 120,000 yuan per child
- The annual salary of the society is 408,000 yuan, the annual salary of the double-income family is 816,000 yuan, and the family of double-paying four families (supporting 2 children under 5 years old) has an annual salary of 1.232 million yuan, exempt from income tax.
- The maximum tax rate for the comprehensive tax is reduced to 40%, and the net comprehensive income is more than 10 million yuan. Part of the applicable 45% tax rate
- Individual occupants (domestic shareholders) Dividend income taxation New individual dividend income taxation method Optional: The dividend is incorporated into the total income tax, and the tax deductible is calculated based on 8.5% of the dividend, which is deductible Each deductible can be deducted from the amount of 80,000 yuan, and the annual dividend income of about 940,000 yuan can be tax deductible (or tax refund).
- Dividends are calculated separately at a rate of 28%, and are combined with the taxable amount calculated from other categories of income.
- The tax rate of the camp is raised to 20%, the taxable income is less than 500,000 yuan, and the annual adjustment is made. The tax rate for the 2019 is 19%. After 2020, the tax rate is 20%.
- The undistributed surplus of the profit-making business plus the camp tax rate was reduced from 10% to 5%.
- The withholding rate of foreign dividends was raised to 21%.
Source: Economic Daily