Two departments: continue to implement the annual one-time bonus personal income tax policy _ Finance Online
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Two departments: continue to implement the annual one-time bonus personal income tax policy


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According to the announcement of the Ministry of Finance and the State Administration of Taxation on the continuation of the annual one-time bonus individual income tax policy, the annual one-time bonus obtained by individual residents is not included in the current year's comprehensive income if it is in line with the provisions of the Notice of the State Administration of Taxation on Adjusting the Calculation and Collection of Individual Income Tax for Individuals Obtaining Annual one-time Bonuses (GSF [2005] No. 9), The applicable tax rate and quick calculation deduction amount shall be determined according to the amount obtained by dividing the annual one-time bonus income by 12 months and the comprehensive income tax rate table converted monthly attached to this announcement, and the tax shall be calculated separately. The calculation formula is: tax payable=annual one-time bonus income × applicable tax rate - quick calculation deduction. Individual residents who obtain a one-time annual bonus may also choose to incorporate it into their comprehensive income for tax calculation. This announcement will be implemented until December 31, 2027.

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