Chapter I General Provisions
Article 1
These Measures are formulated to protect taxpayers' legitimate rights and interests and to regulate the final settlement and payment of consolidated individual income tax in accordance with the Individual Income Tax Law of the People's Republic of China and its implementing regulations (collectively referred to as the Individual Income Tax Law), as well as the Law of the People's Republic of China on the Administration of Tax Collection and its implementing rules (collectively referred to as the Tax Collection and Administration Law).
Chapter I General Provisions
Article 1
These Measures are formulated to protect taxpayers' legitimate rights and interests and to regulate the final settlement and payment of consolidated individual income tax in accordance with the Individual Income Tax Law of the People's Republic of China and its implementing regulations (collectively referred to as the Individual Income Tax Law), as well as the Law of the People's Republic of China on the Administration of Tax Collection and its implementing rules (collectively referred to as the Tax Collection and Administration Law).
Article 2
Taxpayers who receive consolidated income shall calculate their individual income tax on an annual basis and complete the final settlement and payment in accordance with the law.
Article 3
For the purposes of these Measures, "consolidated income" refers to income derived from wages and salaries, remuneration for labor services, author’s remuneration, and royalties.
The term "final settlement and payment" refers to the process whereby a taxpayer consolidates the total amount of income received from the above sources during a tax year, deducts CNY 60,000 as expenses, as well as special deductions, additional special deductions, other legally determined deductions, and qualified donations to public welfare and charitable causes. The applicable tax rate for consolidated income is then applied, and the corresponding quick deduction amount and tax reduction or exemption amount are deducted to calculate the actual tax payable for the year. After subtracting the prepaid tax amount, the taxpayer determines the tax refund or additional tax payment due for that tax year and completes the tax declaration and settlement with the tax authorities within the statutory time limit. The specific calculation formula is as follows:
