Sina Science and Technology News 65438+1On the morning of October 30th, State Taxation Administration of The People's Republic of China announced the Reply on the Collection of Personal Income Tax on the Income Obtained by Individuals Buying and Selling Virtual Currency through the Internet on the 28th, which means that domestic individuals must pay personal income tax if they buy virtual currency from players through the Internet and sell it to others at a higher price. State Taxation Administration of The People's Republic of China made the above reply to the Request of Beijing Local Taxation Bureau for Personal Income Tax on the Income Obtained by Individuals Selling Virtual Currency through the Internet, clearly stipulating that the income obtained by individuals buying virtual currency from players through the Internet and selling it to others at a higher price is taxable income of personal income tax, and personal income tax should be calculated and paid according to the item of "income from property transfer".
At the same time, State Taxation Administration of The People's Republic of China emphasized that the original value of the property that an individual sells virtual currency is the price paid by him to obtain online virtual currency and related taxes and fees. If an individual cannot provide proof of the original value of the relevant property, the original value of his property shall be verified by the competent tax authorities.
According to relevant sources of the Beijing Local Taxation Bureau, the personal income tax rate calculated and paid according to the "income from property transfer" project is fixed at 20%, and the Beijing Local Taxation Bureau will also introduce relevant measures to verify the original value of personal sales of virtual currency property.