Do I have to pay tax if the year-end bonus exceeds 5000?

No matter how much the year-end bonus is, you need to pay taxes.

Year-end bonus According to the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Adjusting the Method of Calculating Individual Income Tax for Individuals Obtaining Annual One-time Bonus, the annual one-time bonus obtained by individual residents can choose not to be incorporated into the comprehensive income of the current year before 202 1, 12, and 3 1, and the tax payment can be calculated separately; You can also choose to incorporate it into the comprehensive income tax of the current year. From June 5438+1 October1day, 2022, the annual one-time bonus obtained by individual residents shall be incorporated into the comprehensive income of that year to calculate and pay personal income tax. Regardless of the amount of the year-end bonus, you need to pay personal income tax in accordance with relevant laws and regulations.

Tax treatment of year-end bonus:

1. Calculation method of personal income tax: the year-end bonus can be taxed separately or combined with the salary of the current month;

2. Determination of applicable tax rate: According to the amount of year-end bonus, the applicable tax rate is determined according to the personal income tax rate table stipulated by the state;

3. Pre-tax deduction standard: When calculating taxable income, you can deduct related pre-tax deductions such as five insurances and one gold;

4. Actual amount after tax: after personal income tax is deducted, the remaining amount is the year-end bonus that employees can actually get.

To sum up, regardless of the number of year-end awards, you need to pay personal income tax in accordance with relevant laws and regulations.

Legal basis:

Individual Income Tax Law of the People's Republic of China

second

The following personal income shall be subject to personal income tax:

Income from wages and salaries;

Income from labor remuneration;

Remuneration income;

Royalty income;

Operating income;