01
The annual taxable income of individual industrial and commercial households in Shandong Province is 2 million yuan. Can personal income tax be halved?
Answer: According to Article 2 (1) of the Announcement of the State Administration of Taxation on Matters Concerning the Implementation of Preferential Income Tax Policies for Supporting the Development of Small and Low-profit Enterprises and Individual Industrial and Commercial Households (Announcement No. 8 [2021] of the State Administration of Taxation), from 2021 From January 1st, 2022 to December 31st, 2022, for the part of the annual taxable income of individual industrial and commercial households that does not exceed 1 million yuan, on the basis of the current preferential policies, the individual income tax will be reduced by half.
02
For individual industrial and commercial households approved and collected by Shandong Province, the annual taxable income of business income does not exceed 1 million yuan, can the personal income tax be halved?
Answer: Yes. According to the Announcement of the State Administration of Taxation on Matters Concerning the Implementation of Preferential Income Tax Policies Supporting the Development of Small and Low-Profit Enterprises and Individual Industrial and Commercial Households (State Administration of Taxation Announcement No. 8 [2021]), Article 2 (1), from January 2021 From 1 to December 31, 2022, for the part of the annual taxable income of individual industrial and commercial households that does not exceed 1 million yuan, on the basis of the current preferential policies, the individual income tax will be halved. Individual industrial and commercial households can enjoy the collection regardless of the collection method.
03
Can individual industrial and commercial households in Shandong Province halve personal income tax when prepaying personal income tax?
Answer: Yes. According to the Announcement of the State Administration of Taxation on Matters Concerning the Implementation of Preferential Income Tax Policies Supporting the Development of Small and Low-profit Enterprises and Individual Industrial and Commercial Households (State Administration of Taxation Announcement No. 8 [2021]), Article 2 (2), from January 2021 From the 1st to December 31st, 2022, individual industrial and commercial households can enjoy the prepayment tax, and their annual taxable income is temporarily judged according to the situation as of the end of the period to which the current declaration belongs, and will be paid at the time of annual final settlement. Calculated on an annual basis, more refunds and less compensation.
04
Individual industrial and commercial households in Shandong Province have obtained multiple business income, how can they enjoy the preferential policy of halving personal income tax?
Answer: According to the provisions of Article 2 (2) of the Announcement of the State Administration of Taxation on Matters Concerning the Implementation of Preferential Income Tax Policies for Supporting the Development of Small and Low-profit Enterprises and Individual Industrial and Commercial Households (Announcement No. 8 [2021] of the State Administration of Taxation), since 2021 From January 1st, 2022 to December 31st, 2022, individual industrial and commercial households can enjoy the prepayment of tax, and their annual taxable income is temporarily judged according to the situation at the end of the period to which the current declaration belongs, and the annual settlement is made. When the payment is settled, it will be calculated on an annual basis, with more refunds and less compensation. If an individual industrial and commercial household obtains business income from more than two places, it is necessary to combine the annual taxable income of the individual industrial and commercial household's business income when processing the annual consolidated tax return, recalculate the deduction and tax amount, and refund the excess and make up for the deficiency.
05
How to calculate the deduction and exemption of personal income tax for individual industrial and commercial households in Shandong Province?
Answer: According to Article 2(3) of the Announcement of the State Administration of Taxation on Matters Concerning the Implementation of Preferential Income Tax Policies Supporting the Development of Small and Low-profit Enterprises and Individual Industrial and Commercial Households (Announcement No. 8 [2021] of the State Administration of Taxation), since 2021 From January 1st, 2020 to December 31st, 2022, individual industrial and commercial households shall calculate the tax deduction according to the following methods:
Tax reduction and exemption amount = (the taxable amount of the taxable income of the business income of individual industrial and commercial households does not exceed 1 million yuan - other policies Amount of tax reduction × taxable income of individual industrial and commercial households’ operating income not exceeding 1 million yuan ÷ taxable income from operating income) × (1-50%) How to deal with personal income tax that has been paid?
Answer: According to Article 4 of the Announcement of the State Administration of Taxation on Issues Concerning the Implementation of Preferential Income Tax Policies for Supporting the Development of Small and Low-profit Enterprises and Individual Industrial and Commercial Households (Announcement No. 8 [2021] of the State Administration of Taxation), from January 1, 2021 to Before the publication of this announcement, individual industrial and commercial households who have paid individual income tax on business income can automatically deduct the tax in the following months. If the deduction cannot be completed in the current year, a tax refund can be processed during the final settlement; taxes.
07
How can individual industrial and commercial households in Shandong Province enjoy the preferential policy of halving personal income tax when filing?
Answer: According to Article 2 (4) of the Announcement of the State Administration of Taxation on Matters Concerning the Implementation of Preferential Income Tax Policies for Supporting the Development of Small and Low-profit Enterprises and Individual Industrial and Commercial Households (Announcement No. 8 [2021] of the State Administration of Taxation), from 2021 From January 1 to December 31, 2022, individual industrial and commercial households need to fill in the calculated tax deductions and exemptions in the "Deduction and Exemption Amount" column of the corresponding business income tax return, and submit the "Individual Income Tax Deduction and Exemption Items Report Form". . For individual industrial and commercial households reporting through the electronic tax bureau, the tax authority will provide pre-filling services for tax deductions and reporting forms for this preferential policy. For individual industrial and commercial households with regular fixed quotas that implement simple declaration, the tax authorities shall transfer the tax according to the tax reduction or exemption.
08
The part of the annual taxable income of the business income of individual industrial and commercial households does not exceed 1 million yuan, and can enjoy the preferential policy of halving the personal income tax. So can sole proprietorship enterprises and partnership enterprises also enjoy it?
Answer: According to the "Announcement of the Ministry of Finance and the State Administration of Taxation on Implementing Preferential Income Tax Policies for Small and Micro Enterprises and Individual Industrial and Commercial Households" (Announcement No. 12 [2021] of the Ministry of Finance and the State Administration of Taxation): "2. For the portion not exceeding 1 million yuan, on the basis of the current preferential policies, the individual income tax will be halved."
The above content is for reference only, and the specific laws and regulations and relevant regulations shall prevail.
If you have other tax-related issues, you can consult online through the following methods:
1. Search "12366" through Alipay or WeChat applet and enter "12366 Smart Consulting" for consultation.
2. Enter the WeChat public account of "Shandong Taxation", click "Comprehensive Services" - "Instant Consultation", and enter "Dr. Taxation" for consultation.
3. Enter the 12366 tax service platform of the State Administration of Taxation, click "Consultation", and conduct consultation through "Intelligent Consultation" or "Online Consultation".
4. Enter Dingding, open "Lushuitong Shandong Tax Collection Interactive Platform", and click "Doctor Tax" for consultation.
Source: State Administration of Taxation, Shandong Provincial Taxation Bureau 12366 Provincial Center
Editor: Zhao Jinxuan
Review: Zhang Qiaofei
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