According to Article 1 of the Individual Income Tax Law of People's Republic of China (PRC), individuals who have or have no domicile in China and have lived in China for a total of 183 days in a tax year are individual residents. Individual income tax shall be paid in accordance with the provisions of this Law on income obtained by individual residents from inside and outside China.

According to Article 2 of the Individual Income Tax Law of People's Republic of China (PRC), personal income tax is applicable to income from interest, dividends and bonuses, income from property leasing, income from property transfer and accidental income, and the proportional tax rate of 20% is applicable.

Personal income tax paid abroad may be deducted from the taxable amount of income obtained by individual residents from outside China, but the amount of credit shall not exceed the taxable amount calculated by taxpayers' overseas income in accordance with the provisions of this Law. Interest, dividends, bonus income and accidental income are taxable income.

Extended data:

If the taxpayer obtains taxable income and the withholding agent fails to withhold the tax, the taxpayer shall pay the tax before June 30 of the following year; If the tax authorities notify taxpayers to pay within a time limit, the taxpayers shall pay within a time limit. Income obtained by individual residents from outside China shall be declared and taxed from March/KLOC-0 to June 30th of the following year.

Public security, the People's Bank of China, financial supervision and management and other relevant departments shall assist the tax authorities to confirm the identity of taxpayers and financial account information. Education, health, medical security, civil affairs, human resources and social security, housing and urban construction, public security, the People's Bank of China, financial supervision and management and other relevant departments shall provide the tax authorities with special additional deduction information such as taxpayer's children's education, housing rent, and support for the elderly.

China Government Network-People's Republic of China (PRC) Individual Income Tax Law