Author(s)

Fang He ¹

Affiliation(s)

¹ School of Management, Liaoning Institute of Science and Technology, Benxi, 117004, China

Corresponding Author

Fang He

ABSTRACT

Since January 1, 2019, our country's individual income tax has implemented a collection system combining classification and synthesis. Great changes have taken place in the new individual tax collection methods, tax items, tax rates and deductions, how to carry on the individual income tax planning under the new individual income tax law appears to be particularly important. Therefore, this article intends to study the changes of the new personal income tax law from the aspects of the collection method, tax items, tax rates and deductions, and analyze the effects of these changes on the planning of personal income tax, and propose the planning scheme of personal income tax from different angles, reduce personal income tax burden, reduce tax expenditure, increase personal income after tax.

KEYWORDS

Individual income tax, Tax planning, Deductions

CITE THIS PAPER

Fang He, Tax Planning of Individual Income Tax under the New Individual Income Tax Law. Financial Engineering and Risk Management (2022) Vol. 5: 107-112. DOI: http://dx.doi.org/10.23977/ferm.2022.050415.

REFERENCES

[1] Hong Shen. The Necessity and Feasibility of Individual Income Tax Planning. Taxes. 2019, 13(33): 47. 
[2]Yanli Yin. Research on Tax Planning under the New Individual Income Tax Law. Taxes. 2019, 13(32): 35-36. 
[3] Yang Wang. An Analysis of How to Plan Individual Income Tax in the New Individual Income Tax. Tax Planning. 2019 (19): 62
[4] Shujing Chen. Tax Planning for Individual Income Tax. Finance. 2019(11):237-238. 
[5] Jia Lei. Discussion on the Tax Planning of Individual Income Tax on Salary Income of Public Institutions under the New Individual Income Tax. Learning about Accounting. 2019(29): 157-158. 
[6] Ning Ning. An Analysis of the Tax Planning of Individual Income Tax Based on the Tax System Reform. Hebei Enterprise. 2019(10): 77-78.
[7] Zhiwei Wang. The Tax Planning of Salary Individual Income Tax under the New Tax Law. Taxes. 2019, 13(28): 52.
[8] Rui Li. Study on the Planning of a Company's Material Incentive Individual Income Tax. Shanxi University. 2019.

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