Q：
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Do individual investors pay individual income tax on loans borrowed from this company that have not been repaid?
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A：
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During the tax year, if an individual investor borrows money from their investment enterprises (excluding individual investment enterprises and partnership enterprises) and does not repay it after the end of the tax year, nor is it used for the production and operation of the enterprise, the unreturned money can be regarded as the dividend distribution of the enterprise to the individual investor, and individual income tax will be levied under the "interest, dividends, and dividend income" category.
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Q：
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Is it necessary to pay individual income tax on the income generated by self-grown vegetables for enterprises?
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A：
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Currently, individuals selling their own vegetables are not subject to individual income tax.
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Q：
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Does the enterprise pay individual income tax for purchasing cars, housing, computers, etc. for individuals using employee welfare expenses?
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A：
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These expenses should be included in the taxpayer's salary and salary income to calculate individual income tax.
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Q：
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What exchange rate should be used to convert foreign currency income into RMB when paying individual income tax?
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A：
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If the income is in a currency other than RMB, it will be converted into RMB at the middle rate of the RMB exchange rate to pay taxes. If the income is in a currency other than RMB, the taxable income shall be calculated by converting it into RMB based on the middle rate of the RMB exchange rate on the last day of the previous month when tax declaration or withholding declaration is processed. After the end of the year, if the final settlement and payment are processed, income in currencies other than RMB that have already been prepaid on a monthly, quarterly, or per occurrence basis will not be reconverted. For the income portion that should be subject to supplementary tax payment, the taxable income amount shall be calculated by converting it into RMB based on the middle rate of the RMB exchange rate on the last day of the previous tax year.
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Q：
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Can the medical expenses for serious illnesses of taxpayers' spouses and children be deducted before tax?
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A：
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Taxpayers can choose to deduct their eligible medical expenses for serious illnesses by themselves or their spouse. Medical expenses for serious illnesses that meet the conditions incurred by underage children can be deducted by one of their parents. Taxpayers, their spouses, and underage children may calculate deductions for eligible medical expenses for major illnesses according to regulations
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FAQ
