The standard of personal tax deduction 2023 Shanghai

Shanghai personal tax deduction standard:

1, full-month taxable income = pre-tax income - 5000 yuan (starting point) - special deductions (social security provident fund) - special additional deductions - other deductions determined by law.

2. Payment of tax = full-month taxable income * - quick deductions.

3, rising from 3% to 45%, there are 7 levels, corresponding to 7 different zones of taxable income.

4, quick deductions: rose from 0 to 13,505, there are also 7 levels, corresponding to different relative.

Calculation of taxable income:

(a) the comprehensive income of resident individuals, the amount of income for each tax year minus the cost of 60,000 yuan, as well as special deductions, special additional deductions and other deductions determined by law, the balance of the taxable income.

(2) Income from wages and salaries of non-resident individuals shall be taxable as the balance of monthly income less expenses of five thousand yuan; income from remuneration for labor services, remuneration for manuscripts, and income from royalties shall be taxable as the amount of each income.

(3) Income from business operation shall be the taxable income after deducting costs, expenses and losses from the total income of each taxable year.

(4) Income from property leasing, if each income does not exceed four thousand yuan, less eight hundred yuan of expenses; if four thousand yuan or more, less twenty percent of the expenses, and the balance is the taxable income.

(5) Income from the transfer of property shall be taxable as the income from the transfer of property, less the original value of the property and reasonable expenses.

(vi) Income from interest, dividends, bonus and incidental income shall be taxable income in the amount of each income.

Shanghai's personal tax policy adjustments in 2023 will have a significant impact on the majority of taxpayers. According to the latest regulations, the personal tax deduction standard will be adjusted accordingly, which means taxpayers can enjoy more pre-tax deductions and reduce the pressure of tax burden. In addition, the personal tax rate may also be changed, which may have different impacts on taxpayers in different income brackets. For high-income earners, they may have to bear a higher tax burden. The adjustment will have an important impact on personal financial planning and tax planning. Taxpayers should pay attention to the policy changes in a timely manner and plan their personal finances reasonably in order to minimize their personal tax burden.

Summary: The adjustment of Shanghai's personal tax policy in 023 will have an important impact on taxpayers, who should pay attention to the policy changes in a timely manner and reasonably plan their personal finances to minimize the burden of personal tax.

Legal basis:

"Chinese People's **** and State Resource Tax Law"

Article 2

Resource tax tax items, tax rates, in accordance with the "Tax Table of Tax Items". Where the Table of Tax Heads and Rates provides for the application of a range of tax rates, the specific applicable tax rates shall be proposed by the people's governments of the provinces, autonomous regions and municipalities directly under the Central Government, taking into account the grade of the taxable resources, the conditions of exploitation and the impact on the ecological environment, within the range of the tax rates provided for in the Table of Tax Heads and Rates, and submitted to the Standing Committee of the People's Congress at the same level for decision, and reported to the Standing Committee of the National People's Congress and the State Council for the record. If the object of taxation is raw ore or ore dressing, the specific applicable tax rate shall be determined separately.