Personal tax five major changes.
[Weiqiao Yi / Taipei]
According to statistics, the next year will have an impact on the personal tax has five major items, including the adjusted consolidated income tax rate from the lowest level, the lowest income tax incorporated overseas, structured products separate taxation, investment-type insurance investment income to be included in the tax base , occupied residential tax increases soil changes
This year there are many changes in the tax law, however, change the tax law is implemented on many of the 99 years since the Republic of China, in 1998 began the countdown stage, people should prepare in advance for next year's tax return. Personal tax expert accountant works owned by Cheng Yu Renhong vice president pointed out that, with the personal tax changes related to item 1 is the lowest level of three mechanized change the tax rate from 99 years onwards Republic.
Due to early May 2009, the Legislative Yuan Yuan passed the third reading amendments to the Income Tax Act, the tax cut personal income tax rates comprehensive, consolidated the personal tax rates before the three were each down 1%, this amendment will from 99 years began, when the Republic of China 100 years to declare applicable. Current income tax rate is 6%, 13%, 21%, 30%, 40%, starting next year before three each cut 1 percent tax rate, which is turned into 5%, 12%, 20%, after tax levels remain unchanged.
Item 2 is the Alternative Minimum Tax included overseas income tax range. According to the Ministry of Finance, the year after (Republic 100 years) the lowest income tax returns next year abroad (in 99 years), the people should be, mutatis mutandis, domestic income classification methods, the resulting overseas into salaries, interest, dividends, property transactions, leasing 10 categories, such as income and other income. General investors, overseas funds, stocks are common investment tool, to begin to pay attention.
Item 3 is the structured products such as:-linked debt purchase through domestic financial institutions, dual currency commodities, starting next year began to separate taxation. It is 98 years April 22 amended Section 14 Income Tax Law cloth of a, from next year, DBU (designated foreign exchange banks) income structured products transactions by 10% withholding tax rate of separation. The resulting OBU (offshore financial centers) structured commodity transactions, according to the new tax rate to 15% withholding tax separation, however, the current banking authorities strive forward, finally may Rengyi existing regulations, mining commodities OBU structure the transactions exempt.
Item 4 is from 1 January 1999, investment-type insurance policy occurred annual investment income, after deducting the costs should be incorporated into the current year taxable income. But will not be retroactive, and only start next year to buy a new policy was to tax.
Item 5 is the change of soil to raise taxes. Land tax law amendment and the average land ownership amendment is adopted in December this year, will enjoy the provisions of the land value-added tax of 10% preferential tax rate from the current "once in a lifetime" conditional relaxed to "life in a house." Restrictions apply preferential housing area, the city is 1.5 hectares (45 floors) below, the non-metropolitan areas, compared with 3.5 acres (105 floors) below, who meet the conditions of occupied homes for sale, land tax applies to 10% preferential tax rate, ie no number of restrictions.
In addition, bequests tax has been adjusted in the year. Earlier this year, inheritance tax, gift tax cut to a single rate of 10%, inheritance tax allowance from 7.79 million yuan to 12 million yuan; gift tax allowance from 1.11 million yuan to 2.2 million yuan per year, paid in installments by 12 extended is 18.
