How to calculate income tax burden
Recently, the calculation method of personal income tax and corporate income tax has become a hot topic, and many netizens have questions about the specific calculation method of tax burden. This article will combine the hot content on the Internet in the past 10 days, introduce the calculation method of income tax burden in detail, and provide structured data for readers to better understand.
1. Calculation method of personal income tax
The calculation of personal income tax is mainly based on the "Personal Income Tax Law of the People's Republic of China" and is calculated based on different income types and tax rate tables. The following is the 2023 personal income tax rate table (applicable to comprehensive income):
| series | Annual taxable income | Tax rate (%) | Quick calculation deduction (yuan) |
|---|---|---|---|
| 1 | Not exceeding NT$36,000 | 3 | 0 |
| 2 | More than NT$36,000 to NT$144,000 | 10 | 2,520 |
| 3 | Over NT$144,000 to NT$300,000 | 20 | 16,920 |
| 4 | More than NT$300,000 to NT$420,000 | 25 | 31,920 |
| 5 | Over NT$420,000 to NT$660,000 | 30 | 52,920 |
| 6 | More than 660,000 yuan to 960,000 yuan | 35 | 85,920 |
| 7 | More than NT$960,000 | 45 | 181,920 |
The calculation formula is:Tax payable = Taxable income × Applicable tax rate - Quick calculation deduction. Among them, taxable income = pre-tax income - threshold (5,000 yuan/month) - special deductions (social security, provident fund, etc.) - special additional deductions (children's education, mortgage interest, etc.).
2. Calculation method of corporate income tax
The corporate income tax rate is usually 25%, but different preferential rates may apply to companies in different industries and sizes. The following are common corporate income tax rates:
| Business type | Tax rate (%) |
|---|---|
| General enterprise | 25 |
| High-tech enterprise | 15 |
| Small low-profit enterprises (annual taxable income ≤ 3 million yuan) | 5 (phased policy in 2023) |
The calculation formula is:Tax payable = Taxable income × Applicable tax rate. Among them, taxable income = total income - non-taxable income - tax-exempt income - various deductions - allowed losses.
3. How to reduce tax burden?
1.Reasonable use of special additional deductions: Individual income tax taxpayers can reduce their taxable income by reporting special additional deductions such as children’s education, continuing education, and medical treatment for serious illnesses.
2.Enjoy preferential tax policies: Enterprises can reduce tax rates by applying for high-tech enterprise certification, small low-profit enterprise certification, etc.
3.Properly plan your income structure: Individuals can optimize their tax burden through separate tax calculation of year-end bonuses and reasonable distribution of labor remuneration and wages.
4. Recent hot issues
1.Year-end bonus tax calculation method: Before December 31, 2023, year-end bonuses can still be taxed separately, and will then be incorporated into comprehensive income taxation, which may increase the tax burden on some high-income people.
2.Tax incentives for individual industrial and commercial households: In 2023, personal income tax will be halved for the annual taxable income of individual industrial and commercial households not exceeding 2 million yuan.
3.Cross-border e-commerce tax policy: Many places have recently introduced tax incentives for cross-border e-commerce. Enterprises can pay attention to relevant policies to reduce tax burdens.
Through the above analysis, we hope that readers can have a clearer understanding of the calculation method of income tax burden, and rationally plan tax strategies to reduce tax burden pressure.
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