Investors who are approved to collect individual income tax shall submit the Annual (Quarterly) Declaration Form of Individual Income Tax for Investors in Sole proprietorship and Partnership Enterprises to the competent tax authorities within 15 days after the end of each quarter and within 30 days after the end of the year to pay individual income tax.
Individual income tax paid by investors shall be levied by auditing accounts, calculated on an annual basis and paid in advance quarterly. Investors should pay in advance within 15 days after the end of each quarter, and submit the audited Annual (Quarterly) Return of Individual Income Tax for Investors in Sole proprietorship and Partnership Enterprises to the competent tax authorities. Make final settlement within 3 months after the end of the year, and submit the audited annual (quarterly) summary tax return of individual income tax of investors in sole proprietorship enterprises and partnership enterprises to the competent tax authorities, and attach the annual final accounting statement and the prepayment personal income tax payment certificate.
Investors should report the advance payment or payment of individual income tax to the competent tax authorities in the place where the enterprise is registered, and make final settlement. Where an investor establishes two or more enterprises and implements the approved collection, the investor shall report and pay individual income tax to the competent tax authorities respectively; In case of audit collection, investors shall pay personal income tax in advance to the competent tax authorities respectively. After the end of the year, the operating income of each enterprise will be merged, and after the tax payable is calculated according to the method in Article 7 of these Provisions, each investor shall make final settlement with the competent tax authorities respectively.