Individual tax handling fee refers to the handling fee paid to a specific taxpayer. Personal income tax collection fee means that companies that withhold and remit personal income tax can apply to the local local tax bureau, and the tax authorities will pay the fee according to 2% of the collected tax. This is because the personal income tax withheld and remitted by the company does not belong to the daily work of the company, but works for the tax bureau, so it should be paid appropriately.
To sum up, five expenses of individual residents, such as supporting the elderly, children's education, continuing education, serious illness medical expenses, housing loan interest and housing rent, can be deducted before tax. The draft amendment to the individual income tax law, which has attracted much attention from the society, was submitted to the Fifth Session of the 13th the National People's Congress Standing Committee (NPCSC) for second deliberation on 27th.