1, reporting period. Taxpayers who obtain income from outside China and pay personal income tax in overseas tax year shall report and pay personal income tax to China tax authorities within 30 days after the end of the tax year in the country where the income comes from; If the tax has been settled at the time of obtaining overseas income, or if the individual income tax is exempted overseas according to the provisions of the source tax law, the individual income tax shall be declared and paid to the China tax authorities within 30 days from 1 month 1 day of the following year.
2. Declaration method. Taxpayers can file their own tax returns or entrust others to file their tax returns by mail within the prescribed time limit (the last day of the time limit is a legal holiday, which can be extended). If the declaration is made by mail, the postmark date of the mailing place shall be the actual declaration date.
3. Place of declaration. Generally speaking, the location of tax declaration can be divided into two situations: one is that taxpayers are employed by domestic companies, enterprises, other economic organizations and government departments and sent abroad to work, and their income is paid or borne by domestic dispatched units, and they are personal income tax withholding agents, and taxes are withheld and remitted by domestic dispatched units; If the income is paid and borne by China institutions (companies, enterprises and other economic organizations in China and overseas branches, consulates, subsidiaries and representative offices of government departments, etc.). ), may entrust its domestic dispatched (investment) institutions to collect taxes. On the other hand, taxpayers' overseas income comes from more than two places or withholding agents and agents who have not obtained overseas income (including withholding agents and agents who fail to withhold and remit taxes according to regulations), and taxpayers shall declare and pay taxes to the tax authorities in China on their own. The provisions of the declaration place are: if there is a work unit in China, it shall declare and pay taxes to the competent tax authorities where the work unit is located; If there is no work unit, it shall report and pay taxes to the competent tax authorities at the place where the household registration is located or at the place of habitual residence.
Second, the personal income tax rate.
Comprehensive income (income from wages and salaries, income from labor remuneration, and income from royalties) is subject to a 7-level progressive tax rate, and tax is calculated according to the monthly taxable income. The tax rate is classified according to the taxable income of individual monthly wages and salaries, with the highest level being 45%, the lowest level being 3%, and the ***7 level.
Operating income is subject to 5 levels of excess progressive tax rate. The income from production and operation of individual industrial and commercial households and the annual taxable income from contracted operation and lease operation of enterprises and institutions are classified into grades, with the lowest grade being 5%, the highest grade being 35%, and the first grade being 5.
Proportional tax rate. Personal income tax is levied on personal income such as interest, dividends, bonus income, property lease income, property transfer income, accidental income and other income, and the proportional tax rate of 20% is applicable.
Three, how to calculate and collect personal income tax
China's personal income tax is levied by combining source withholding and self-declaration, with the focus on source withholding.
The collection methods of personal income tax can be divided into monthly collection and annual collection Income from production and operation of individual industrial and commercial households, income from contracted operation and lease operation of enterprises and institutions, income from wages and salaries of specific industries and income obtained outside China shall be taxed on an annual basis, and the taxable amount of other income shall be taxed on a monthly basis.
Calculation method: taxable income = monthly income -5000 yuan (threshold)-special deduction (three insurances and one gold, etc. )-special additional deduction-other deductions determined according to law.
The above is the relevant content of How to Pay Individual Income Tax on Overseas Income compiled for you. The country's economy is inseparable from our tax payment. As a taxpayer, it is necessary to know something about tax payment.