Chongqing wage personal income tax standard

The new tax policies that came into effect in 221 are as follows:

1. Personal income tax

Since January 1, 221, for individual residents who have withheld personal income tax on wages and salaries in the same company every month in the previous complete tax year, and the annual salary and salary income does not exceed 6, yuan, the withholding agent will withhold the personal income tax on wages and salaries in this year.

that is, in the month when the taxpayer's accumulated income does not exceed 6, yuan, the advance personal income tax will not be withheld temporarily; Personal income tax shall be withheld and paid in advance in the month when the accumulated income exceeds 6, yuan and in the subsequent months of the year.

II. Electronization of special invoices

Since December 21st, 22, newly-established taxpayers in 11 regions, including Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Anhui, Guangdong, Chongqing, Sichuan, Ningbo and Shenzhen, have implemented electronization of special invoices, and the scope of recipients is nationwide. Since the electronic implementation of the special ticket, newly-established taxpayers who need to issue VAT paper-based ordinary invoices, VAT electronic ordinary invoices, paper-based special tickets, electronic special tickets, paper-based unified invoices for motor vehicle sales and paper-based unified invoices for used car sales will receive unified tax UKey invoices. The tax authorities issue tax UKey to newly-established taxpayers free of charge, and rely on the service platform of VAT electronic invoice to provide taxpayers with free electronic special ticket issuance service.

iii. Compensation fee for water and soil conservation

Since January 1, 221, the compensation fee for water and soil conservation, the local reservoir resettlement support fund (not involved in Jiangsu Province), the income from the transfer of emission rights, and the relocation construction fee for air defense basement will be transferred to the tax authorities for collection. Policies such as the scope of collection, the object of collection and the standard of collection are still implemented according to the existing regulations.

iv. vehicle purchase tax

from January 1, 221 to December 31, 222, the purchased new energy vehicles will be exempted from vehicle purchase tax. New energy vehicles exempt from vehicle purchase tax refer to pure electric vehicles, plug-in hybrid vehicles (including extended-range vehicles) and fuel cell vehicles.

v. Tax on advertising expenses and business promotion expenses

From January 1, 221 to December 31, 225, the expenses of advertising expenses and business promotion expenses incurred by cosmetics manufacturing or selling, pharmaceutical manufacturing and beverage manufacturing (excluding alcohol manufacturing) enterprises that do not exceed 3% of the sales (business) income of that year are allowed to be deducted; The excess shall be allowed to be carried forward and deducted in future tax years.

For affiliated enterprises that have signed an agreement on sharing advertising fees and business promotion fees (hereinafter referred to as the sharing agreement), the advertising fees and business promotion fees incurred by one party within the pre-tax deduction limit of the sales (business) income of the current year can be deducted from the enterprise, or some or all of them can be collected to the other party for deduction according to the sharing agreement. When calculating the pre-tax deduction limit of enterprise income tax for advertising expenses and business promotion expenses of the enterprise, the other party may exclude the advertising expenses and business promotion expenses collected to the enterprise according to the above methods.

VI. Corporate Income Tax Administration

From January 1, 22, enterprises engaged in IC design, equipment, materials, packaging and testing and software encouraged by the state will be exempted from corporate income tax from the first year to the second year, and will be subject to corporate income tax at a statutory rate of 25% from the third year to the fifth year.

Legal basis:

Announcement of State Taxation Administration of The People's Republic of China on Further Simplifying and Optimizing the Method of Personal Income Tax Withholding and Prepayment for Some Taxpayers. Since January 1, 221, for individual residents who have withheld personal income tax from wages and salaries in the same company every month in the previous complete tax year, and the annual income from wages and salaries does not exceed 6, yuan, the withholding agent will deduct the accumulated expenses directly from January.

that is, in the month when the taxpayer's accumulated income does not exceed 6, yuan, the advance personal income tax will not be withheld temporarily; Personal income tax shall be withheld and paid in advance in the month when the accumulated income exceeds 6, yuan and in the subsequent months of the year.

announcement of State Taxation Administration of The People's Republic of China on issues related to the implementation of electronic special invoices for value-added tax among newly-established taxpayers. Since December 21, 22, newly-established taxpayers in 11 regions, including Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Anhui, Guangdong, Chongqing, Sichuan, Ningbo and Shenzhen, have implemented electronic special invoices, and the scope of recipients is nationwide. Since the electronic implementation of the special ticket, newly-established taxpayers who need to issue VAT paper-based ordinary invoices, VAT electronic ordinary invoices, paper-based special tickets, electronic special tickets, paper-based unified invoices for motor vehicle sales and paper-based unified invoices for used car sales will receive unified tax UKey invoices. The tax authorities issue tax UKey to newly-established taxpayers free of charge, and rely on the service platform of VAT electronic invoice to provide taxpayers with free electronic special ticket issuance service.

Announcement of State Taxation Administration of The People's Republic of China on Relevant Matters Concerning the Transfer of Responsibility for Collection and Management of Government Non-tax Revenue Projects, such as Compensation for Soil and Water Conservation. Since January 1, 221, the compensation for soil and water conservation, the local reservoir resettlement support fund (not involved in Jiangsu Province), the income from the transfer of emission rights and the relocation of air defense basement have been transferred to the tax authorities for collection. Policies such as the scope of collection, the object of collection and the standard of collection are still implemented according to the existing regulations.

Announcement of the Ministry of Finance and the Ministry of Industry and Information Technology of the State Administration of Taxation on Relevant Policies for Exempting New Energy Vehicles from Vehicle Purchase Tax From January 1, 221 to December 31, 222, the purchased new energy vehicles will be exempted from vehicle purchase tax. New energy vehicles exempt from vehicle purchase tax refer to pure electric vehicles, plug-in hybrid vehicles (including extended-range vehicles) and fuel cell vehicles.

Announcement of the Ministry of Finance and the State Administration of Taxation on Relevant Matters Concerning Pre-tax Deduction of Advertising Expenses and Business Publicity Expenses. From January 1, 221 to December 31, 225, the advertising expenses and business promotion expenses incurred by enterprises engaged in cosmetics manufacturing or selling, pharmaceutical manufacturing and beverage manufacturing (excluding alcohol manufacturing) are allowed to be deducted; The excess shall be allowed to be carried forward and deducted in future tax years.

For affiliated enterprises that have signed an agreement on sharing advertising fees and business promotion fees (hereinafter referred to as the sharing agreement), the advertising fees and business promotion fees incurred by one party within the pre-tax deduction limit of the sales (business) income of the current year can be deducted from the enterprise, or some or all of them can be collected to the other party for deduction according to the sharing agreement. When calculating the pre-tax deduction limit of enterprise income tax for advertising expenses and business promotion expenses of the enterprise, the other party may exclude the advertising expenses and business promotion expenses collected to the enterprise according to the above methods.

tobacco advertising expenses and business promotion expenses of tobacco enterprises shall not be deducted when calculating taxable income.

Announcement of the Ministry of Industry and Information Technology of the Development and Reform Commission of the State Administration of Taxation of the Ministry of Finance on Corporate Income Tax Policies for Promoting the High-quality Development of Integrated Circuit Industry and Software Industry. Since January 1, 22, enterprises engaged in integrated circuit design, equipment, materials, packaging and testing and software encouraged by the state will be exempted from corporate income tax from the first year to the second year, and the corporate income tax will be halved at the statutory tax rate of 25% from the third year to the fifth year.