Housing rental fee tax rate

Renting a house is the choice of many people, but renting a house is also taxable. This article will introduce the housing rental fee tax rate and matters needing attention for everyone.

Housing rental fee tax rate

According to the Individual Income Tax Law of People's Republic of China (PRC), individual income tax is paid at the rate of 20% after deducting the rental expenses from the rental income obtained by individuals renting houses. Among them, housing rental expenses include housing rent, property fees, utilities and so on.

In practice, individuals need to apply for tax registration and pay personal income tax at 20% of monthly rental income. If the rental income of individual rental housing is lower than that of 800 yuan, individual income tax is not required.

Matters needing attention

1. Tax registration

Personal rental housing needs to be registered for tax, and the specific operation can be consulted by the local taxation bureau. After tax registration, you need to pay personal income tax at the rate of 20% every month.

2. Deduct the house rental fee.

Personal rental housing needs to be deducted from the rental fee before paying personal income tax. Housing rental expenses include housing rent, property fees, utilities, etc.

3. Pay attention to whether the rental income exceeds that of 800 yuan.

If the rental income of individual rental housing is lower than that of 800 yuan, individual income tax is not required. But if it exceeds 800 yuan, you need to pay personal income tax at the rate of 20%.

4. Keep relevant evidence

Personal rental housing needs to keep relevant evidence, such as housing lease contract, receipt, etc. These evidences can be used as the basis for paying personal income tax.

5. Understand local policies

The tax policies in different regions may be different, so individuals need to know the local policies and regulations when renting a house.