What is the money withheld by People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China?
Your personal income tax will be deducted 1. Generally speaking, it is deducted from the person who should pay the money and then handed over to the person who collects the money instead of him, such as personal income tax. The enterprise deducts it from the wages of taxable employees and gives it to the local taxation bureau, not the employees. This is personal income tax withholding. 2. At present, only personal income tax is legally withheld, with the income as the taxpayer and the paying unit or individual as the withholding agent. Generally speaking, it refers to the income from wages and salaries paid by the unit. There are also sporadic and difficult tax sources, such as rural taxes, bazaars and private rentals, entrusted by tax authorities according to their actual needs. Entrusted withholding is generally confirmed by the tax authorities in advance and can only be implemented after signing an agreement on behalf of the tax authorities.