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State Administration of Taxation has issued a notification to implement the transitional period policy to ensure that tax reform dividends are fully and timely issued – Xinhuanet



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</p> <p>State Administration of Taxation has issued a notification to implement the transitional period policy to ensure that tax reform dividends are fully and timely issued – Xinhuanet

Xinhua News Agency, Beijing, November 2 (Reporter Yu Qiongyuan) In order to make the transition policy of the new Tax Code has been fine-tuned, public administration taxation has recently issued a report to taxpayers in the process of the process of implementation. In addition to implementing a tax policy announcement to ensure that tax reform dividends are fully and timely released, most taxpayers are "reassuring" to eat.

On August 31, the new Tax Code was adopted by the Fifth Session of the Standing Committee of the 13th National People's Congress and will be implemented on January 1, 2019. Among them, the transition period policy will be implemented from October 1, and the basic deduction will rise to 3,500 yuan per month to 5,000 yuan per month.

In order for taxpayers to benefit from tax reform dividends, the announcement has pointed out that the taxpayer's actual salary and salary will be subject to a monthly fee of 5,000 yuan this after 1 October. For those who are in the above situation, most of the retentive agencies have to pay the usual withholding tax strictly for the 5,000 yuan monthly fee.

Taking into account the fact that some taxpayers did not enjoy the 5,000 yuan monthly fee reduction in the month when some of the withholding taxes were wrongly selected, the notification further clarifies the actual wages and salaries of taxpayers after 1 October 2018. If withholding tax erroneously selects a "tax payment month" as "September 2018" when submitting an application, a deductible agent may apply for a tax return, a tax. The authorities will reimburse the tax due to overpayments for tax purposes so that taxpayers do not worry.

Luo Tianshu, Director of Taxation Department of Tax Administration, said that when the withholding tax on wages and salaries paid after 1 October this year can not be deducted under the 5000 yuan tariff reduction, the taxpayer can call the 12366 tax service hotline, or can directly complain to the tax authorities. The tax department will periodically check and disclose and provide guidance on the withholding tax to resolve the problem as soon as possible to effectively protect the legitimate rights and interests of taxpayers.

"The tax department further organizes the publicity and training of the personal income tax policy and the new tax system to ensure that the" big gift package "of the tax package reform is in the hands of every taxpayer," said Sun Yushan, Tax Administration Adviser to the Tax Administration director.

State Administration of Taxation has issued a notification to implement the transitional period policy to ensure that tax reform dividends are fully and timely issued – Xinhuanet


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