"Moon Cake Tax": The Changing Mid Autumn Festival

As the Mid Autumn Festival is approaching, the big discount of moon cakes in major supermarkets will be staged as scheduled. Many units will also distribute moon cakes, mid autumn shopping coupons to employees.

According to the newly revised personal income tax law, since August 31st, enterprises have issued "

Tax experts say that the so-called "moon cake tax" has already been introduced.

According to the tenth provision of the regulations on the implementation of the People's Republic of China personal income tax law, "the form of personal income includes cash, in kind, negotiable securities and other forms of economic interests.

Where the income is in kind, the taxable income shall be calculated according to the price specified in the voucher, and the amount of taxable income shall be determined according to the market price according to the market price.

Where the income is a negotiable securities, the taxable income shall be approved according to the face price and the market price.

The income for other forms of economic interests shall be determined according to the market price.

According to people's earlier reports, Wang Jianfan, deputy director of the Ministry of Finance and taxation, explained the new changes in the personal income tax law. After adjustment, the tax payer's income tax has dropped from about 28% to about 7.7%, and the number of taxpayers has been reduced from about 84 million to about 24 million.

That is to say, for most employees, mid autumn moon cakes need not be taxed.

However, the price of commodities in China is all inclusive of tax price, which means that when consumers buy goods, they have already paid VAT and sales tax which can be pferred to commodity prices. If the total amount of mooncakes and total wages distributed by the unit after deducting social security costs exceeds 3500 yuan, consumers must once again make the goods.

Moreover, due to the imperfections of the system, there is a big deviation in personal tax collection in China, and the loss of personal tax is more serious. For example, capital gains tax is in a state of "no levying" for a long time.

However, some relative experts and scholars believe that it is necessary to levy mooncake tax on some consumers.

According to the Guangzhou daily, from the perspective of standardizing the tax law, enterprises should pay a personal tax to distribute moon cakes, otherwise they will become an access to tax evasion.

For some kinds of "welfare" that are monopolized by state-owned enterprises, relevant tax policies need to be regulated.

Xinhua commented on the matter that the tax on moon cakes is due to the low tax threshold of the current personal tax, and that the Inland Revenue Department pays taxes on the merger of the moon cake.

In fact, the "moon cake tax" is also a question about the low threshold of personal tax, and it is a question about the classified personal tax system.

In our country, as long as there are economic behaviors, various taxes will be levied. The problem of repeated taxation is also widespread. The people's tax burden index ranks the highest in the world.

Compared with this, however, there are many problems, such as the high administrative cost and three public consumption, and the continuous decline of GDP share of residents' income.

The reform of personal tax system is only a small step.