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Guangzhou Raises The One-Off Compensation Income For Relieving Labor Relations And Exempted From Personal Tax.

2010/8/21 16:44:00 34

Reporters recently learned from the Guangzhou Local Taxation Bureau, in 2010, Guangzhou city will be the individual due to the termination of labor relations.

Disposable compensation income

The exemption of the personal tax standard is adjusted to 147645 yuan.

The Ministry of Finance and the State Administration of Taxation on the dissolution of individuals and employers

Labor relations

The notice on the issue of exempting personal income tax from the one-time compensatory income "(fiscal 2001 [157]) stipulates that" the one-time compensation income obtained by individuals due to the termination of labor relations with the employing units is exempt from personal income tax within 3 times the average wage of the local workers in the previous year. "

The individual income tax rate of Guangzhou city has been compensated for the one-time compensation income (including the economic compensation, living allowance and other subsidy fees issued by the employer), which is exempt from personal income tax. The annual adjustment is adjusted according to the 3 times the annual average wage of the workers released by the statistical department of Guangzhou every year.

According to the data released by the Statistics Department of Guangzhou, the average annual wage of the non private units in Guangzhou in 2009 (the average annual wage of the employees in the urban units) was 49215 yuan. According to the above regulations, the standard of personal income tax exemption from personal income compensation in 2010 was adjusted to 147645 yuan in 2010, which was 11892 yuan higher than the tax exemption standard stipulated in 2009.

Guangzhou City

Local tax bureau official said that all one-time compensation income does not exceed 147645 yuan, is exempt from personal income tax; one-time compensation income of more than 147645 yuan, only the excess part of the calculation of personal income tax.

The reporter has learned that the specific calculation method of obtaining personal income tax for one-time compensation income is, [(one-time economic compensation income - tax exemption income - actual payment of basic social insurance and housing provident fund) service age - cost deduction] * applicable tax rate - quick deduction number: * service age.

Among them, the "tax-free income" in the formula refers to the 3 times the average wage of the local workers in the previous year. In 2010, the specific amount of Guangzhou was 147645 yuan; "the actual payment of the basic social insurance premium and housing provident fund" refers to the fact that when the individual receives the one-time compensation income, the actual payment from the compensation income according to the proportion stipulated by the state and local governments is not deducted from the actual payment. "Working age" refers to the actual working life of the individual who calculates the one-off compensation income, and if the actual working life exceeds 12 years, it shall be calculated in 12 years.