A: The period of individual income tax is different from the income period. The following are their differences:

1, "income period": fill in the time when the withholding agent pays the taxpayer's taxable income, that is, the month when the income is paid.

2. "Income period (from)" and "Income period (from)": refer to the income period of the taxpayer. (Income from wages and salaries, income from production and operation, and income from remuneration for services can be generally understood as the period during which individuals pay for their labor to obtain this income; The income from remuneration refers to the time when the work was published in the form of books and newspapers, the income from royalties and property leasing, and refers to the period when taxpayers provide the right to use it; Income from property transfer refers to the time when taxpayers transfer property; Accidental income refers to the time when taxpayers win the prize, win the prize and win the lottery; Interest, dividends and bonus income refer to the time for holding stocks or bonds to earn interest, or the time for shareholders to distribute after-tax profits. )

3. The term of tax payment refers to the time when the taxpayer obtains the taxable income and has the tax obligation. When the withholding agent pays the taxable income, the taxpayer has a tax obligation, so the "income period" and "tax period" are the same time period.

What does tax mean?

Personalincometax is the general name of legal norms that adjust the social relationship between tax authorities and natural persons (residents and non-residents) in the process of personal income tax collection and management.

Britain is the first country to collect personal income tax. 1799, Britain began to levy personal income tax with different tax rates, and 1874 became a fixed tax in Britain.

Taxpayers of individual income tax include resident taxpayers and non-resident taxpayer. Resident taxpayers have the obligation to pay taxes completely, and must pay individual income tax on all their income derived from inside and outside China. Non-resident taxpayer only pays personal income tax on its income from China.

Personal income tax is an income tax levied by the state on the income of its own citizens, individuals living in its own territory and overseas individuals from its own country. In some countries, personal income tax is the main tax, which accounts for a large proportion of fiscal revenue and has a great impact on the economy.

On June 27th, 20 18, the draft amendment to the individual income tax law was submitted to the Third Session of the 13th the National People's Congress Standing Committee (NPCSC) for deliberation. This is the seventh overhaul of the tax law since its promulgation in June 1980. The National People's Congress Standing Committee (NPCSC)'s draft decision on amending the individual income tax law was submitted to the Fifth Session of the 13th the National People's Congress Standing Committee (NPCSC) for deliberation on August 27th, 20 18. According to the draft decision, the basic fee reduction standard is determined annually.

On August 3, 2065438, through the decision to amend the individual income tax law, the basic fee deduction standard was adjusted to 5000 yuan per month, which will be implemented on August 3, 2065438.