2. The reporter of Beiqing-Beijing Headline learned that the Ministry of Finance of People's Republic of China (PRC) and the State Taxation Administration of The People's Republic of China issued the Notice on the Connection of Preferential Policies after the Revision of the Individual Income Tax Law on February 20 18, stipulating that individual residents can get a one-time bonus for the whole year, which is in line with the provisions of the Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Adjusting the Calculation and Collection Method of Individual Income Tax for Individuals Obtaining a One-time Bonus for the Whole Year. Before 202 1, 65438+2, 3 1, if it is not incorporated into the comprehensive income of the current year, the applicable tax rate and quick deduction shall be determined according to the monthly comprehensive income tax rate table attached to this notice, and the tax shall be calculated separately. The calculation formula is: tax payable = annual one-time bonus income × applicable tax rate-quick deduction.
3. Of course, according to this regulation, individual residents can get a one-time bonus for the whole year, or they can choose to be incorporated into the comprehensive income of the current year for tax calculation. In fact, this is a transitional policy after the tax reform in China, which lasts for three years and expires at the end of this year.
4. That is to say, from June 65438+1 October1day, 2022, individual residents will receive an annual one-time bonus, all of which will be incorporated into the comprehensive income of that year to calculate and pay personal income tax. This also means that if you get the year-end bonus before the end of this year, you can choose one of two tax calculation methods, namely, tax calculation and consolidated tax calculation. However, if you get the year-end bonus on June 5438+ 10 next year, even if this bonus belongs to 202 1, you can only pay taxes in the form of consolidated tax.
5. In addition, according to the previous regulations, drugs, medical supplies and protective supplies (excluding cash) distributed by the unit to individuals to prevent pneumonia in novel coronavirus are not included in wages and salaries, and are exempt from personal income tax. This regulation will also expire at the end of this year.