Lin Yingjie, director of the Yunnan Provincial Second Taxation Bureau of the State Taxation Administration, conducted a special training session for company employees on "Individual Income Tax Special Additional Deductions"

1 Month 9 Day On this day, Chang Lin Yingjie, director of the Yunnan Provincial Second Taxation Bureau of the State Taxation Administration, gave a special training session to the company's employees on "Special Additional Deductions for Individual Income Tax." Main company leaders and employees from various departments in Kunming attended the meeting.

The biggest highlights of this individual income tax reform are in two aspects: ( 1 ) For wages, salaries, labor remuneration, royalties, and the right to use fees 4 ) income, annual tax calculation; ( 2 ) Six new special additional deductions have been added: children's education, continuing education, serious illness medical expenses, housing loan interest, housing rent, and elderly support.

During the training, Director Lin Yingjie systematically explained the difficulties and key points that may be encountered in the specific implementation of the "Special Additional Deductions for Individual Income Tax," as well as the specific deduction standards and reporting methods. It was repeatedly emphasized that this individual income tax reform is closely related to everyone; all reported information and supporting materials are submitted by individuals, and all information must be true and complete. Individuals are responsible for the information they report; if errors occur in information submission, it is difficult for individuals to correct them; if false reporting occurs, the tax authorities will directly hold individuals accountable; according to the requirements of the State Council's "Notice on Issuing the Provisional Measures for Special Additional Deductions for Individual Income Tax" (Guo Fa [ 2018 ] 40 ) No. document, from 2019 Year 1 Month 1 Day onwards, the special additional deductions for individual income tax will be strictly enforced.

At the beginning of the implementation of China's new individual income tax collection and administration, this training is a timely help, enabling the company's employees to accurately fill in personal information, correctly calculate personal income tax, and better protect their legitimate rights and interests.

On-site photos

Finance Department / Hu Hengjin