The calculation method of personal income tax for the year-end bonus has not changed, and the provisions of the Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Adjusting the Calculation and Collection Method of Personal Income Tax for Individuals Obtaining Annual One-time Bonuses (Guo Shui Fa [2005] No.9) are still implemented. Taxpayers who receive the annual one-time bonus shall be taxed separately according to one month's salary and salary income, and the withholding agent shall withhold and remit it according to the following tax calculation methods when issuing it:

(1) Divide the annual one-time bonus obtained by employees in the current month by 12 months, and determine the applicable tax rate and quick deduction according to their quotient.

If, in the month when the year-end one-time bonus is issued, the employee's wage income in that month is lower than the expense deduction stipulated in the tax law, the applicable tax rate and quick deduction of the annual one-time bonus shall be determined according to the above method.

(2) The annual one-time bonus obtained by individual employees in the current month shall be taxed according to the applicable tax rate and quick deduction determined in Item (1) of this article, and the calculation formula is as follows:

1. If the employee's wage income in the current month is higher than (or equal to) the expense deduction stipulated in the tax law, the applicable formula is:

Taxable amount = employee's one-time bonus in the current month × applicable tax rate-quick deduction.

2. If the employee's salary income in the current month is lower than the expense deduction stipulated in the tax law, the applicable formula is:

Taxable amount = (employees get a one-time bonus in the current month-the difference between employees' salary income and expense deduction in the current month) × applicable tax rate-quick deduction.