According to the individual income tax law, if the income from labor remuneration, royalties and property leasing does not exceed 4,000 yuan each time, 800 yuan will be deducted; If it exceeds 4,000 yuan, 20% of the expenses will be deducted, and the balance will be taxable income. Income from remuneration for services shall be taxed at a proportional rate of 20%. If the one-time income from labor remuneration is abnormally high, it may be levied.
Extended data:
Changing business tax to value-added tax, referred to as changing business tax to value-added tax, refers to changing taxable items that previously paid business tax to value-added tax. The biggest feature of camp reform is to reduce double taxation, which can promote the society to form a better virtuous circle and help enterprises reduce tax burden.
Value-added tax only pays taxes on the value-added part of products or services, which reduces the link of repeated tax payment. This is an important decision made by the CPC Central Committee and the State Council according to the new situation of economic and social development and the overall arrangement of deepening reform.
The purpose is to speed up the reform of the fiscal and taxation system, further reduce corporate taxes, mobilize the enthusiasm of all parties, promote the development of service industries, especially high-end service industries such as science and technology, promote the upgrading of industry and consumption, foster new kinetic energy, and deepen the structural reform of the supply side.
Business tax and value-added tax are two main taxes in China. The promotion of camp reform in the whole country has roughly experienced the following three stages. 20 1 1 With the approval of the State Council, the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China jointly issued the pilot scheme of changing business tax into value-added tax.
20 12, 1, 1 Carry out a pilot project of changing business tax into value-added tax in Shanghai transportation industry and some modern service industries. 20 1 August1By the end of the year, the State Council will expand the pilot program of camp reform to 8 provinces and cities;
2065438+August 2003 1 day, the scope of "camp reform" was extended to the national trial, and the radio, film and television service industry was included in the pilot scope. From 20 14 and 1, the railway transportation and postal services will be included in the pilot reform of business tax to value-added tax. At this point, the transportation industry has all been included in the scope of business tax reform. ?
The executive meeting of the State Council held on March 18, 2065438 decided that from May/0/6 1 day, China will comprehensively push forward the pilot project of camp reform, including construction, real estate, finance and life services. At this point, the business tax will withdraw from the historical stage and the value-added tax system will be more standardized. This is another profound change in the fiscal and taxation system since the 1994 tax-sharing reform. ?
References:
Baidu encyclopedia-changing business tax to value-added tax