What is the threshold for personal income tax? Introduction to the threshold for personal income tax . Many netizens do not know what the threshold for personal income tax is this year. Let us take a look at the introduction of the threshold for personal income tax.
The starting point for personal income tax is 5,000 yuan per month and 60,000 yuan per year. The correct name for the personal income tax threshold is personal income tax, the expense deduction standard or the exemption amount. In fact, it is the reform carried out by the country to improve the tax system and the tax system formulated. On August 31, 2018, the revised personal income tax was officially approved and set at a starting level of 5,000 yuan, which was implemented on October 1 of that year.
The starting point for residents' comprehensive income tax is 5,000 yuan per month, and the tax is 60,000 yuan for the first year. The income is the income in each tax year, minus 60,000 yuan for expenses, plus special items. The remaining amount after deducting special additional deductions and other deductions determined in accordance with the law. Like the salary of non-resident individuals, the salary income tax threshold is also 5,000 yuan per month, and the taxable income is the balance after deducting 5,000 yuan of expenses per month.