According the new tax regulation--Caishui (2018) NO. 98, the IIT for salary, bonus etc during Oct 2018 to Dec 2018 is subject to the following tax rate.
From 1st Jan 2019, every individual person has to do the annual IIT tax reconciliation return, The Implementation regulation for annual IIT tax return will announce soon. We shall wait for it.
| No | Monthly taxable income (CNY) | Tax rate | Deduction |
| 1 | income<=3000 | 3% | 0 |
| 2 | 3000< income <=12000 | 10% | 210 |
| 3 | 12000< income <=25000 | 20% | 1410 |
| 4 | 25000< income <=35000 | 25% | 2660 |
| 5 | 35000< income <=55000 | 30% | 4410 |
| 6 | 55000< income <=80000 | 35% | 7160 |
| 7 | income>80000元的部分 | 45% | 15160 |
You could visit the following regulation link for more information, or you could contact us via email info@accountingbeijing.com to get our consultation services.
http://12366.bjsat.gov.cn/searchMx/detail
0086-10-58644470
info@accountingbeijing.com
