Wang Jun is the project manager of a building in Chongqing. He has an economical car and two commercial houses, all mortgaged, with an average monthly income of about 4,500 yuan. Recently, the tax threshold will be changed to1.The news of 200 yuan is affecting the nerves of Wang Jun.

I didn't notice the problem of personal income tax before, but now I find that I have paid a lot of taxes. I deduct at least 500 yuan from my monthly salary to buy a house.

Buying a car was taxed as an investment, and my girlfriend did some business. Individual income tax of different amounts is levied on each transaction. Since it is an investment, I really hope to get a reasonable tax avoidance method first. Wang Jun told reporters.

In fact, white-collar workers now have the demand for tax planning, that is, tax avoidance in the popular sense, but tax avoidance is not tax evasion and cannot be confused.

Overpayment of housing provident fund

According to the relevant regulations of individual income tax collection in China, the monthly housing provident fund is deducted before tax, which means that the housing provident fund is not taxed. The management method of provident fund shows that employees can pay supplementary provident fund. In other words, employees can reduce the total wages by increasing the housing provident fund, thus reducing the personal income tax that should be paid.

The reporter learned from the Chongqing Housing Provident Fund Office that at present, the deposit ratio of individual housing provident fund in our city is 7% of wage income. Conditional units can apply to increase the deposit ratio of housing provident fund, but the maximum amount shall not exceed 15%.

It is nothing new to use the provident fund to avoid taxes, but it is not easy to withdraw the provident fund freely. Friends who take the provident fund to avoid taxes need to pay attention to this.

Investment money market fund

Savings are often regarded as the most important way of financial management by the working class, but after deducting 20% interest personal income tax, the interest income is not high. Investing in money market funds is different. In addition to earning higher interest than demand deposits, the interest earned is not subject to personal tax, and the principal can be guaranteed.

Not only money market funds, all funds distribute dividends, bonuses and interest to individual investors, and no longer withhold personal income tax. At the same time, individual income tax will not be levied according to the current tax regulations for the difference income obtained by individual investors buying and selling stocks, futures or fund units.

For prudent investors, investing in treasury bonds can obtain long-term stable and safe returns, and investing in corporate bonds should consider not only tax costs but also risks. Interest earned by individuals investing in corporate bonds is subject to personal income tax of 20%, while national debt and special financial bonds can be exempted from personal income tax.

Although the stock market is in a downturn at present, there is no need to pay personal income tax on the difference income from buying and selling stocks and futures.

Education savings and investment

Education savings can enjoy two preferential policies: first, the state stipulates that personal income tax (20% of interest) is exempt from personal income tax; Second, education savings, as zero deposit and lump-sum savings, enjoy preferential interest rates for lump-sum savings.

There are also discounts on insurance investment. Residents can enjoy three major tax benefits when purchasing insurance: First, medical insurance premiums drawn by enterprises and individuals according to the proportion stipulated by the state or local governments and paid to designated financial institutions are exempt from personal income tax, regardless of personal current wages and salary income. Second, because insurance indemnity is to compensate for personal accidental and unfortunate losses, it does not belong to personal income and is exempt from personal income tax. Third, the interest income of medical insurance, basic old-age insurance and unemployment insurance funds paid according to the proportion stipulated by the state or provincial local governments is also exempt from personal income tax.

In the insurance propaganda of some insurance companies, tax avoidance is also a big selling point, and friends who need tax avoidance can consider this kind of insurance. At the same time, it should be pointed out that in the investment dividend insurance, the insurance income does not need to pay 20% personal income tax.

Second-hand housing transfer is tax-free in two cases.

The reporter learned from the relevant market participants in the second-hand housing transaction that there are two situations in which the second-hand housing transfer can enjoy preferential policies: First, the income obtained by individuals who transfer their own houses for more than 5 years and are the only living rooms for families is exempt from personal income tax; Second, for those who sell their own houses and plan to buy them again at the market price within 1 year after the current houses are sold, they shall pay the personal income tax payable on the houses sold to the competent tax authorities in the form of tax deposit. If the purchase amount is greater than or equal to the original housing sales, all tax deposit shall be refunded. If the purchase amount is less than the original housing sales, the tax deposit will be returned according to the proportion of the purchase amount to the original housing sales, and the balance will be paid into the state treasury as personal income tax.

In addition, the sale of second-hand houses has to pay personal income tax.

American Benjamin Franklin once said that two things are inevitable, one is death, and the other is paying taxes. Smart investment and financial management legally avoid taxes. Tax saving is to increase income, but it is by no means tax evasion.

situation

Mr. Wang is a middle-level manager of a company. His monthly salary is about 1 10,000 yuan, which is about 8,000 yuan after deducting the insurance and provident fund paid by the company. According to the personal income tax rate table, Mr. Wang needs to pay personal income tax of 905 yuan every month. This is a big fixed loss for Mr. Wang every month. Mr. Wang asked, how to pay more housing provident fund to achieve reasonable tax avoidance?

Tax planning experts suggest that Mr. Wang can use the housing provident fund to avoid taxes reasonably.

According to a person,

According to the relevant provisions of income tax, the monthly housing provident fund is deducted before tax, which means that the housing provident fund is not taxed. At the same time, according to the provident fund management measures, employees can pay supplementary provident fund.

According to the Guangzhou Housing Provident Fund Management Department, the housing provident fund consists of two parts: unit deposit and individual deposit, in which the unit deposit part is the deposit base multiplied by the unit deposit ratio; The individual deposit part is the deposit base multiplied by the individual deposit ratio. The deposit base is the average monthly total wages of employees in the previous year calculated according to the provisions of the National Bureau of Statistics on the composition of total wages (the specific composition of total wages includes hourly wages, piece-rate wages, bonuses, allowances, subsidies and overtime wages, etc.). ).

The highest proportion of units and individuals shall not exceed 20% of the total wages. That is to say, if Mr. Wang's provident fund deposit base is 10000 yuan, and Mr. Wang pays 2000 yuan of supplementary provident fund himself, Mr. Wang's monthly personal income tax will become 505 yuan, saving 400 yuan.

At the same time, Mr. Zhang stressed that there are two problems to be paid attention to when using personal supplementary provident fund to avoid tax: first, Mr. Wang's unit has opened a personal supplementary provident fund account, which needs to be solved by Mr. Wang's unit; Second, although the supplementary provident fund paid by Mr. Wang every month avoids taxes, it cannot be withdrawn casually, which solidified his personal assets.