White-collar workers need tax planning, that is, tax avoidance in the popular sense, but not tax evasion.

Wang Jun is the project manager of a building in Chongqing. He has an economical car and two commercial houses, all of which are mortgaged, with an average monthly income of about 4,5 yuan. Recently, the news that the starting point of individual levy will be changed to 1,2 yuan has touched the nerves of Wang Jun.

I didn't notice the problem of personal income tax before, but now I find that I pay a lot of taxes, at least 5 yuan is deducted from my monthly salary, and some taxes are paid for buying a house and a car for investment. My girlfriend does some business transactions, and personal income tax of different amounts is also levied on each transaction. Now that we are investing and talking about returns, 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 or tax evasion, which 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 from the pre-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 their total wages by increasing their 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 individual housing provident fund contribution ratio in our city is 7% of the wage income, and qualified units can apply to increase the housing provident fund contribution ratio, but the maximum contribution ratio shall not exceed 15%.

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

Investing in money market funds

Saving is often regarded as the most important financial management method by the working class, but after deducting 2% interest personal income tax, there is little interest income that is not high. Investing in money market funds is different. In addition to earning higher interest than demand deposits, the interest earned does not have to pay personal taxes, and the principal can be guaranteed.

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

For prudent investors, investing in treasury bonds can achieve 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 needs to pay 2% personal income tax, while national debt and special financial bonds can be exempted from personal income tax.

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

education savings and investment

education savings can enjoy two preferential policies: first, it is stipulated in the state that personal income from education savings deposits is exempted from personal income tax (2% of interest); Second, education savings, as a zero-deposit and lump-sum savings, enjoy preferential interest rates for lump-sum savings.

there are also discounts for insurance investment. Residents can enjoy three major tax benefits when purchasing insurance: First, the medical insurance premiums drawn by enterprises and individuals in accordance with 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 individuals for unexpected and unfortunate losses, it does not belong to personal income and is exempt from personal income tax. Third, the interest income from medical insurance, basic old-age insurance and unemployment insurance funds paid in accordance with the proportion stipulated by the state or provincial local governments is also exempt from personal income tax.

tax avoidance is also a big selling point in the insurance promotion of some insurance companies. 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 2% personal income tax.

Two cases of second-hand housing transfer are tax-free

The reporter learned from the relevant market participants of second-hand housing transactions that there are two cases of second-hand housing transfer that can enjoy preferential policies: first, the income obtained by individuals from transferring their own houses for more than 5 years and being the only living room for families is exempt from personal income tax; Second, for those who sell their own houses and plan to re-purchase houses at the market price within one year after the current houses are sold, the personal income tax payable for the houses sold shall be paid 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 the tax deposits shall be returned. If the purchase amount is less than the original housing sales, the tax deposit shall be returned according to the proportion of the purchase amount to the original housing sales, and the balance shall be paid into the state treasury as personal income tax.

besides, the sale of second-hand houses is subject to personal income tax.

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

Case

Mr. Wang is a middle-level manager of a company. His monthly salary income is about 1, yuan, which is about 8, yuan after deducting the insurance and provident fund paid by the company. According to the personal income tax rate table, Mr. Wang has to pay personal income tax of 95 yuan per month. This is a big fixed loss for Mr. Wang every month. Mr. Wang asked, how can we achieve reasonable tax avoidance by paying more housing provident fund?

Zhang Jianfa, an expert in tax planning, suggested that Mr. Wang could use the housing provident fund to avoid taxes reasonably.

according to the relevant provisions of individual income tax, the monthly housing provident fund is deducted from the pre-tax, which means that the housing provident fund is not taxed. At the same time, according to the management method of provident fund, employees can pay supplementary provident fund.

According to 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 on the Composition of Total Wages of the National Bureau of Statistics (the specific composition of total wages includes hourly wages, piece-rate wages, bonuses, allowances, subsidies and overtime wages, etc.).

The maximum contribution ratio of any unit or individual shall not exceed 2% of the total wages. That is to say, if the base of Mr. Wang's provident fund deposit is 1, yuan, Mr. Wang can deposit 2, yuan of supplementary provident fund himself, so that the personal income tax paid by Mr. Wang becomes 55 yuan every month, which saves 4 yuan.

at the same time, Mr. Zhang stressed that there are two problems to be paid attention to when using individual supplementary provident fund to avoid tax: first, Mr. Wang's unit has opened an individual 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 can't be withdrawn casually, solidifying personal assets.