People's Republic of China (PRC) State Taxation Administration of The People's Republic of China AnnouncementNo. 19, 2020
In order to further support stable employment, ensure employment, promote consumption, and build a new pattern of development, according to the relevant provisions of the Individual Income Tax Law of People's Republic of China (PRC) and its implementing regulations, the relevant matters concerning further simplifying and optimizing the methods of withholding and remitting individual income tax of some taxpayers are hereby announced as follows:
1. For individual residents who have withheld and remitted personal income tax on wages and salaries in the same company every month in the last complete tax year, if the annual income of wages and salaries does not exceed 60,000 yuan, the withholding agent will directly deduct the accumulated expenses according to the annual income tax amount of 60,000 yuan from June+10, 65438. That is, in the month when the taxpayer's accumulated income does not exceed 60,000 yuan, personal income tax will not be withheld temporarily; Personal income tax shall be withheld and remitted in the month when the accumulated income exceeds 60,000 yuan and in the months of the following years.
The withholding agent shall, in accordance with the regulations, declare the full amount of withholding for all employees, and indicate in the remarks column of the taxpayer corresponding to the Declaration Form for Withholding and Paying Individual Income Tax that "it has been declared every month in the previous year and its annual income does not exceed 60,000 yuan".
Two, according to the cumulative withholding method to withhold individual income tax of residents, the withholding agent shall apply mutatis mutandis to the above provisions.
This announcement shall come into force as of 20211.
It is hereby announced.
State Administration of Taxation (SAT)
65438+February 4, 2020