Do I have to pay taxes when I write a novel? If I write a novel in Shudan, do I need to pay tax on the royalties I receive? If so, how should I pay it? Let’s take a look below!
Generally, websites will pay on their behalf. If the remuneration income does not exceed 4,000 yuan per time, the fee will be calculated as 800 yuan; if the income exceeds 4,000 yuan per time, the fee will be calculated as 20%.
The amount of tax that should be withheld from royalties = the amount of taxable income that should be withheld and prepaid × 20%
The calculation formula for the amount of tax payable (before January 1, 2019) or the amount of withholding tax (after January 1, 2019):
Each income does not exceed 4,000 yuan: (income-800)×(1-30%)×20%
Each time the income exceeds 4,000 yuan: income × (1-20%) × (1-30%) × 20%
Remember to pay on a pay-per-time basis