Personal income tax declaration has the following purposes: to show that individuals have fulfilled their tax declaration obligations according to law; It is conducive to the tax authorities to check the tax payable of the parties in time; Timely tax collection; On the one hand, it ensures the country's financial revenue source.
What's the use of personal income tax?
Personal income tax has the following functions:
1, which can be used as proof of income and provide proof of income for loans (house purchase, car purchase, etc.). );
2, can provide a basis for their own labor disputes with the unit;
3. It is beneficial for the unit to buy social security for itself.
Personal income tax can adjust the social relationship between tax authorities and natural persons in the process of personal income tax collection and management. Taxpayers of personal income tax include both resident taxpayers and non-resident Nanshui taxpayers.
What are the benefits of paying personal income tax to the country?
1, increase national fiscal revenue. Collecting personal income tax can ensure stable fiscal revenue;
2. Adjusting income distribution is helpful to realize social equity. With the development of economy, the widening gap between the rich and the poor will gradually emerge, which may become a negative factor affecting social stability. Levying progressive tax on personal income can reduce the degree of unfair social distribution and alleviate social contradictions;
3. It has the function of automatic stabilizer. Because personal income tax generally adopts progressive tax rate, in the period of economic prosperity, the tax increase exceeds the growth rate of personal income, which can automatically curb the inflation trend; On the contrary, in the period of economic depression, the speed of tax reduction is faster than that of personal income, which can prevent the trend of deflation;
As a direct tax, personal income tax helps to cultivate and enhance citizens' tax awareness.