Pay special attention to these 7 tax-related issues about the annual one-time bonus tax!
Problem one our company goes to work after the first day is about to extend the year-end bonus of last year, time of partial employee goes to work last year is less than a year, can the year-end bonus of excuse me extend apply the method of separate plan tax?Answer: Yes.Question 2: Our company will issue the remaining year-end bonus of last year on the first day of work after the New Year. Our company is very special, and the year-end bonus is always distributed in two times, half of which is distributed at the end of December last year, and the remaining half is distributed after work after the New Year, which is also to avoid the job-hopping of some employees.Excuse me can the year-end bonus that these 2 times issue apply separate plan tax method?Answer: Yes.But it is important to note that in a tax year within the same taxpayer according to the annual bonus tax is only allowed to apply a problem three years on my first day in our company will issue the rest of the annual bonus last year, could you tell me a year-end bonuses can be calculated separately, part is incorporated into the comprehensive income calculation, the other part is not incorporated into the comprehensive income calculation?Answer: No.A lump sum annual bonus can not be calculated separately. Only one calculation method can be selected for the same lump sum annual bonus.However, different tax methods may be applied to the annual lump sum bonus paid by units separately.Question 4: Our company will issue the year-end bonus of last year on the first day of work after the New Year. Will the year-end bonus issued after the New Year be calculated in 2021 or 2022 if the separate tax method is applicable?Answer: for the year 2022.The year in which the annual one-time bonus is granted belongs to the year.Question 5 after our company goes to work the first day is about to issue the year-end bonus of last year, excuse me after the year-end bonus is distributed if apply the method of separate plan tax, whether allow to deduct basic reduce expenses, special deduction such as three insurance and one gold, special additional deduction such as children education?Answer: if adopt one-time year-end bonus plan tax means alone, income of one-time bonus of the whole year when calculating individual tax must not deduct charge, 3 dangers one gold to wait for special deduction, children education to wait for special additional deduction, other deduction and donation.Problem 6 our company goes to work after the first day is about to extend the year-end bonus of last year, excuse me the means of year-end bonus computation individual tax has a few kinds of choice?Answer: Three.1, separate tax;2. Fully incorporated into the current year’s comprehensive income;3. Payment shall be made in installments, one shall be calculated separately and the rest shall be incorporated into comprehensive income.Problem 7 after our company goes to work the first day is about to issue the year-end bonus of last year, excuse me year-end bonus applies the method of separate plan tax, delay to which year?Answer:According to the Ministry of Finance, administration of taxation issued on continued implementation of the annual one-time bonus announcement of personal income tax preferential policies such as (announcement no. 42, 2021) of the taxation administration of the Ministry of Finance regulation, individual citizens in January 1, 2022 to December 31, 2023 year one-time bonuses, can choose to continue to enjoy the tax preferential policies alone.