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Is retirement salary tax-free or not taxable?

Retirement wages are not taxed.

Retirement wages are not taxable. In fact, there is no need to pay tax on the pension benefits of retirees. Pensions are not within the scope of personal income tax, so there is no need to pay personal income tax. Therefore, whether your retirement pension is 2,000, 5,000, 7,000, or any other value, you do not need to pay personal income tax.

Because pensions are the only source of income for many retired elderly people, and they are also the only livelihood security for many elderly people. At the same time, pensions are also a welfare benefit of the country. In addition, there are clear requirements in the "Tax Law": it is uniformly stipulated that settlement allowances, severance payments, retirement wages and living allowances paid to cadres and employees can be exempted from personal income tax.

The materials required for self-employed income tax declaration are as follows:

1. Personal identity certificate: including the identity certificate of the self-employed operator and other documents.

2. Business license: If the self-employed person has registered a business, he or she needs to provide a business license.

3. Income vouchers: including various income vouchers obtained by self-employed individuals in the current year, such as sales invoices, receipts, income confirmations, etc.

4. Expenditure vouchers: including various expenditure vouchers incurred by self-employed individuals in the current year, such as purchase invoices, lease contracts, labor contracts, etc.

5. Bank statements: Self-employed individuals need to provide personal bank statements to prove the authenticity of business income and expenses.

6. Certification materials issued by the tax authorities: such as tax returns, tax certificates, etc.

In summary, the materials required for self-employed income tax returns in different regions may differ, and the specific local policies shall prevail. In addition, self-employed individuals should ensure that the vouchers they provide are true, accurate, and complete when filing income tax returns to avoid possible tax problems.

Legal basis:

Article 3 of the "Measures for the Calculation of Individual Income Tax for Individual Industrial and Commercial Households of the People's Republic of China"

The term "individual industrial and commercial households" as used in these Measures Households include:

(1) Individual industrial and commercial households that have obtained individual industrial and commercial household business licenses in accordance with the law and are engaged in production and operation;

(2) Approved by relevant government departments, engaged in running schools, medical care, Individuals engaged in paid service activities such as consulting;

(3) Other individuals engaged in individual production and business operations.