Individual Tax Adjustment, Tax Planning Space Appears

In April 25th, the China National People's Congress formally released the draft of the draft amendment to the personal income tax law, and openly solicited opinions from the public. In fact, since the official disclosure of the draft tax adjustment bill last Wednesday, it has attracted widespread public attention.

What is the impact of the draft tax adjustment on the general public? As taxpayers, can we still make some tax planning in order to lighten our related tax burden?

　 　 Personal tax burden Difference increases

From the specific plan, the Tax Adjustment Bill focuses on reducing the personal tax burden of the middle and low income groups, and at the same time promoting the tax burden of the high income earners. This will increase the exemption amount from the current 2000 yuan to 3000 yuan, and adjust the current 9 level excess progressive tax rate to 7 grade.

According to the reporter's understanding, since the implementation of the current personal income tax law, the cost reduction standard of wage earners has been adjusted two times in accordance with the law revision procedures: from January 1, 2006 to 800 yuan / month to 1600 yuan / month, from March 1, 2008 to 1600 yuan / month to 2000 yuan / month. And the exemption will be raised from the current 2000 yuan to 3000 yuan, which will undoubtedly benefit more people.

Of course, what analysts are more optimistic about is that the 9 level progressive progressive tax rate of the current salary is revised to 7, and the 15% and 40% two tax rates have been abolished. At the same time, the scope of 5% and 10% two low tax rates has been expanded. Compared with the 9 level progressive progressive tax rate and the 7 level progressive progressive tax rate, the monthly taxable income applicable to the first grade 5% tax rate should be extended from less than 500 yuan to 1500 yuan, while the second month 10% tax rate will be expanded from the original 500 to 2000 yuan to 1500 4500 yuan. On the other hand, the original 40% of the tax rate should be included in the 45% tax rate adjustment. From the perspective of the effect, it can also make the low-income people pay less tax, so that the high income earners will pay more taxes and increase the regulation of the high income earners.

Tax saving: a reasonable way to arrange revenue

The announcement of the draft tax adjustment has been raised again. Individual tax threshold As well as changing the current 9 level excess progressive tax rate to 7, so for many people, it will affect their immediate interests. That is to say, the amount of tax paid by individuals and even whether they need to pay taxes are closely related to them.

However, since the tax threshold is a rigid category, it can help the majority of wage earners to reasonably tax and avoid tax, that is, a reasonable arrangement of personal income.

Generally speaking, the amount of personal income tax should be included: the taxable income amount, the applicable tax rate and the quick deduction, as most of the income sources of wage earners are mainly based on wage and salary income, and this part of the income will be applied to 7 levels of progressive progressive tax rate, so how to arrange their income skillfully is very important. For the public, in the income structure, it is mainly from the monthly salary and year-end bonus point of view to consider.

Take the year-end bonus as an example. The state's stipulation is to give taxpayers a one-year bonus in a single month as a monthly salary and salary income to calculate the personal tax. Therefore, because the general amount of year-end bonus is relatively large, the personal tax amount that individuals need to pay is bound to be more. In practice, the annual one-time bonus that taxpayers earn in the month is divided by 12, and the applicable tax rate and quick deduction are determined according to their quotient, so that many tax amounts can be saved.
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　 Tax avoidance: smart investment for tax planning

In addition to saving taxes on wages and salaries, people should also know how to use various means to improve family integration. Financial income In particular, with the increase of income, reasonable and lawful tax avoidance through tax planning is also an effective means of financial management. So, how can we do that? Tax experts point out that from now on, individuals can tax avoidance through investment.

When it comes to reasonable and lawful tax avoidance, the most widely used method for individuals is to invest in tax avoidance. Investors can mainly use investment funds such as fixed funds, treasury bonds, educational savings, insurance products and foreign currency financial products launched by banks to avoid tax.

At present, dividends from open-end funds such as equity funds, bond funds and monetary funds are all tax-free. For those investors who are in good financial condition and seeking stable returns, it is undoubtedly a good choice to use fund investment to avoid tax. In addition, although the glamour of investment in gilt edged bonds has weakened in this year's interest rate hike, its safe and safe investment characteristics and interest tax exemption effect are still favored by some investors who are seeking stable returns. In addition to the above investment varieties, the common foreign currency financial products issued by banks in the market can also be evade tax. As the Central Bank continues to raise interest rates, the investment income of current foreign currency financial products has also risen. Since the relevant departments have not yet issued a policy of withholding personal income tax, investing in such financial products can temporarily avoid tax.

Of course, in addition to the above varieties, investors can also use the insurance to make reasonable tax avoidance. From the present point of view, no matter whether it is dividend insurance, pension insurance or accident insurance, the insured does not have to pay personal income tax when he gets dividends and compensation. Therefore, the purchase of insurance is also a good way to manage finances, while obtaining the necessary protection, it can also reasonably avoid tax. In addition, trust products issued by trust companies and educational savings can also avoid tax. However, the two groups are relatively small in scope, so it is suggested that investors can decide whether to invest according to their actual conditions.