Core Viewpoint - The article discusses the tax reform and development during the "14th Five-Year Plan" period in China, highlighting the significant increase in tax revenue and the impact of tax policies on improving people's livelihoods [2][4]. Tax Revenue and Economic Growth - During the "14th Five-Year Plan" period, the total tax revenue is expected to exceed 155 trillion yuan, accounting for approximately 80% of total fiscal revenue [4] - Tax revenue (excluding export tax rebates) is projected to surpass 85 trillion yuan, an increase of 13 trillion yuan compared to the total tax revenue during the "13th Five-Year Plan" [4] Personal Income Tax Reforms - The number of individuals benefiting from special additional deductions in personal income tax has reached 119 million, a 55% increase compared to early 2020, with the total tax reduction amount growing by 156.5%, from 116 billion yuan in 2020 to nearly 300 billion yuan this year [5] - For the 2021-2024 personal income tax declaration data, the top 10% of earners contribute about 90% of the total personal income tax, while individuals with annual income below 120,000 yuan generally do not pay taxes after the settlement [6] Tax Compliance and Enforcement - The tax authorities have strengthened the enforcement of tax laws, collaborating with multiple departments to combat tax-related crimes, particularly focusing on high-income individuals such as internet celebrities and entertainers [7] - Since 2021, over 360 cases of tax evasion by internet celebrities have been investigated, recovering more than 3 billion yuan in tax [7] - A total of 21,800 cases of fraudulent tax benefits have been identified, recovering 26.9 billion yuan in tax during the "14th Five-Year Plan" period [9]

Core Viewpoint - The article provides a comprehensive guide on how to calculate and query individual income tax (IIT) for new employees, emphasizing the importance of understanding tax deductions and the role of employers in withholding taxes. Group 1: Understanding Individual Income Tax - Individual income tax is calculated based on various income sources including salary, bonuses, and allowances as defined by the Personal Income Tax Law [4] - New employees are required to report their tax information, but the employer is responsible for withholding and paying the tax [6] Group 2: Tax Calculation Methodology - The formula for calculating the taxable income includes cumulative income, exempt income, deductions, and special deductions [8] - The withholding tax rates vary based on cumulative taxable income, with a progressive tax rate structure ranging from 3% to 45% [8] Group 3: Deductions and Exemptions - Each individual is entitled to a basic deduction of 5,000 yuan per month, which totals 60,000 yuan annually [12] - Special deductions include social insurance contributions and housing fund payments [13] - Additional special deductions cover expenses for childcare, education, medical expenses, housing loans, and elder support [14] Group 4: Querying Tax Information - Taxpayers can check their tax details through the personal income tax app, which provides information on income, tax amounts, and deductions [17] - It is crucial to verify that the reported income matches actual earnings to avoid discrepancies [20][21]

Core Viewpoint - The article serves as a guide for individuals to understand personal income tax calculation and inquiry processes, particularly for new graduates entering the workforce. Summary by Sections Personal Income Tax Definition - Personal income tax is levied on wages, salaries, bonuses, year-end bonuses, labor dividends, allowances, subsidies, and other income related to employment or service [2]. Tax Payment Responsibility - Individuals do not need to pay personal income tax directly; the employer acts as the withholding agent, responsible for pre-collecting and remitting the tax [3]. Tax Calculation Method - The tax is calculated using the cumulative withholding method, with the formula for taxable income and tax amount clearly outlined [4]. Key Components of Tax Calculation - **Cumulative Deduction Amount**: Calculated as 5000 yuan/month multiplied by the number of months employed [6]. - **Cumulative Special Deductions**: Includes social insurance contributions and housing fund payments [6]. - **Cumulative Additional Deductions**: Covers expenses for child education, continuing education, major medical expenses, housing loan interest, housing rent, elderly care, and childcare for children under three [8]. - **Other Deductions**: Includes contributions to enterprise annuities, occupational annuities, and other deductible items as per state regulations [9]. Tax Withholding Rate Table - A detailed table outlines the withholding rates based on cumulative taxable income, ranging from 3% for income up to 36,000 yuan to 45% for income exceeding 960,000 yuan [10]. Example Calculation - An example illustrates how tax withholding changes with cumulative income, highlighting the impact of different withholding rates as income increases [11]. Tax Inquiry Process - Individuals can check their income tax details through the personal income tax app, which provides a clear path for accessing tax information [13]. Information Available for Inquiry - The app allows users to view comprehensive income and tax details, including basic information about the withholding agent, deduction details, and tax calculation breakdowns [14]. Common Questions - Clarifications are provided regarding discrepancies between reported income and take-home pay, as well as the difference between pre-withheld tax amounts and actual tax liabilities at year-end [20].

Core Viewpoint - The article discusses the tax implications for companies and individuals receiving dividends and equity investment income in China, highlighting the conditions under which these incomes may be exempt from corporate income tax and personal income tax [3][4][5]. Group 1: Corporate Income Tax on Dividends - Resident enterprises can enjoy exemption from corporate income tax on equity investment income received from other resident enterprises if certain conditions are met [4][5]. - The exemption does not apply to investment income from publicly issued and listed stocks held for less than 12 months [10][11]. Group 2: Personal Income Tax on Dividends - Individuals holding stocks for over one year are exempt from personal income tax on dividends received from publicly issued stocks [6][7]. - For stocks held for less than one month, the full amount of dividend income is subject to personal income tax, while for holdings between one month and one year, only 50% of the income is considered taxable [6][7]. - The applicable tax rate for personal income tax on dividend income is 20% [6]. Group 3: Documentation and Compliance - Companies must retain specific documentation related to dividend income, including the latest company bylaws and profit distribution resolutions, to comply with tax regulations [18]. - Failure to maintain required documentation may lead to risks associated with tax compliance [18].

Core Viewpoint - The French government has announced a fiscal budget plan for 2026 aimed at alleviating high debt levels and restoring public finance stability over four years, which includes mechanisms to limit tax optimization strategies for wealthy individuals [2][3]. Group 1: Fiscal Measures - The budget plan includes approximately €43.8 billion (about $50.88 billion) in spending cuts and tax increases to reduce the largest budget deficit in the Eurozone [3]. - Measures to save the budget include freezing certain government expenditures, reducing the number of civil servants, cutting social benefits, and imposing temporary taxes on high-income earners [3][4]. - The government plans to increase revenue by closing tax loopholes rather than directly raising tax rates, while also not reinstating the wealth tax abolished in 2017 [3][5]. Group 2: Taxation on Wealthy Individuals - Individuals earning over €250,000 may face higher tax rates if the new budget plan is approved, with the Prime Minister emphasizing a fair contribution from high earners [4]. - The proposed "solidarity tax" aims to ensure that the wealthiest individuals contribute more, targeting non-productive assets that are minimally taxed [4][5]. Group 3: Economic Context and Challenges - France's public spending accounts for 57% of GDP, which is 7 percentage points higher than Germany, complicating the budget cut efforts [5]. - The fiscal plan faces significant political and economic resistance, with opposition parties threatening votes of no confidence and unions planning protests [6][7]. - The current economic growth in France is expected to lag behind the Eurozone average, with uncertainty in tax policies undermining confidence among businesses and households [6][9]. Group 4: Debt and Deficit Projections - France's deficit is projected to be 5.8% of GDP in 2024, with public debt reaching 114% of GDP by the first quarter of 2025 [9][10]. - Moody's forecasts that the deficit will rise to 6.3% of GDP in 2025 before potentially decreasing to 5.2% by 2027, while public debt may increase to around 120% of GDP by 2027 [9][10]. - Concerns over France's ability to control its budget deficit are growing, impacting investor confidence in the Euro [10].

Group 1 - The article discusses the tax obligations for students receiving internship compensation, highlighting that companies are required to withhold and pay personal income tax on such earnings according to the relevant regulations [1][3] - It references the 2006 notification from the Ministry of Finance and the State Administration of Taxation, which specifies that both vocational and higher education institutions' students are subject to these tax rules [1] - The article also outlines the adjustments made in 2020 to support new employees by reducing their tax burden during the initial income period, allowing for a calculation based on a monthly deduction of 5000 yuan [3][4] Group 2 - The article emphasizes the importance of students providing accurate documentation to their employers to ensure proper tax withholding, as both parties are responsible for the authenticity of the submitted materials [3][4] - It clarifies that the definition of a resident individual who has not previously received salary or wage income within the tax year is crucial for determining tax obligations [4]

Group 1 - The article provides a guide on how to obtain personal tax payment records without the need to visit a physical counter, emphasizing the convenience of using mobile apps or online platforms [1][2] - Instructions for generating tax records through the Personal Income Tax App are detailed, including steps to select the required month and save the record to a mobile device [1] - The Natural Person Electronic Tax Bureau (Web version) allows users to apply for tax records from January 2019 onwards, with a limit of three applications per person per day [2] Group 2 - The Xiamen Personal Income Tax Payment List includes information on individual income amounts, actual payment amounts, income items, and sources, catering to the practical needs of taxpayers [4] - A link is provided for further instructions on how to query and print personal income tax payment lists through the Natural Person Electronic Tax Bureau [4]

Core Viewpoint - The article discusses the issuance of high-temperature allowances in response to rising temperatures, detailing eligibility, tax implications, and differences from other forms of employee benefits [14][15][20]. Group 1: High-Temperature Allowance Overview - High-temperature allowance is mandated for workers engaged in outdoor work under high-temperature conditions (above 35°C) or in indoor environments where the temperature cannot be reduced below 33°C [14][15]. - The allowance is categorized under wages and is applicable to both outdoor and certain indoor workers [15][20]. Group 2: Eligibility and Payment - Workers in high-temperature conditions are entitled to receive the allowance, which varies across provinces, typically ranging from 100 to 300 yuan [15]. - The allowance must be paid in cash and cannot be substituted with other benefits such as cooling beverages [16][18]. Group 3: Tax Implications - High-temperature allowances are subject to individual income tax as they are considered part of the employee's salary [20]. - Companies can deduct the high-temperature allowance from their taxable income as it falls under reasonable wage expenses [22].

Core Viewpoint - The article emphasizes the importance of landlords fulfilling their tax obligations as rental demand surges during graduation season, providing a comprehensive overview of tax regulations and preferential policies related to rental income [6]. Tax on Rental Income - For individuals renting out residential properties, the tax is calculated at a reduced rate of 1.5% from the standard 5% VAT [6]. - Non-residential property rentals are taxed at the full 5% VAT rate [6]. - If rental income is received in a lump sum, it can be averaged over the rental period, and if the monthly rental income does not exceed 100,000 yuan, it is exempt from VAT [7]. Additional Taxes and Deductions - Urban maintenance and construction tax is calculated at 1%, 5%, or 7% of the actual VAT paid, while education fees are 3% and local education fees are 2% of the VAT paid [7]. - From January 1, 2023, to December 31, 2027, there is a 50% reduction in urban maintenance and construction tax, education fees, and local education fees [7]. Individual Income Tax - Rental income from subleasing is subject to individual income tax, categorized as "property leasing income," with a reduced tax rate of 10% for residential properties and 20% for non-residential properties [8]. - Rent paid to the landlord can be deducted from the rental income when calculating individual income tax, provided there are valid rental contracts and payment receipts [8]. Property Tax - Property tax is based on rental income, with a standard rate of 12%, and for residential properties, a reduced rate of 4% applies [10]. - From January 1, 2023, to December 31, 2027, there is a 50% reduction in property tax [10].

Core Viewpoint - The article discusses the taxation policies related to personal pensions and basic pensions in China, highlighting that basic pensions are exempt from individual income tax, while personal pensions are subject to a 3% tax upon withdrawal [3][6][7]. Summary by Sections Basic Pension Taxation - Basic pensions, as per the Personal Income Tax Law, are exempt from individual income tax, including retirement benefits and allowances for retired officials and employees [3][6]. Personal Pension Taxation - Personal pensions will be implemented nationwide starting December 15, 2024, with a deferred tax policy effective from January 1, 2024. Contributions to personal pension accounts are deductible up to 12,000 yuan per year from comprehensive or business income [3][9]. - Investment income accrued in personal pension accounts is not subject to individual income tax until withdrawal, at which point a flat tax rate of 3% applies [3][7][9]. Personal Pension Overview - Personal pensions are a government-supported, voluntary, market-oriented system aimed at supplementing basic pension benefits. Participants can choose various financial products for their contributions, which are capped at 12,000 yuan annually [4][6]. Contribution and Account Management - Participants can open personal pension accounts through designated online platforms or commercial banks, with the option to change their account bank twice a year. Contributions can be made monthly, in installments, or annually, adhering to the 12,000 yuan limit [10].