What Is a Windfall Tax?

Accidental income tax: taxable income obtained by individuals, including cash, in kind and marketable securities, if the income is in kind, the amount of taxable income should be calculated at the price indicated on the obtained voucher; If the price is obviously low, the tax authority shall determine the taxable income with reference to the local market price.

Unexpected income tax

An income tax levied by the state on the income of its own citizens, individuals residing in its own country, and income derived by foreign individuals from its own country. In some countries,

Yes

The 31st meeting of the Tenth National People's Congress Standing Committee voted on the amendments on December 29, 2007

1. Salary and salary income

Our country

Article 1 Individuals who have a domicile in China or have lived in the country without a domicile for at least one year shall pay personal income tax in accordance with the provisions of this law on income derived from China and abroad.

Income derived from China is subject to personal income tax in accordance with the provisions of this Law.

Article 2: The following personal income shall be paid

Accidental income tax collection rules

(Applicable to salary and salary income)

The tax rate of taxable income for the whole month (%)

1 Not more than 1500 yuan 3 0

2 Over RMB 1,500 to RMB 4,500 10 105

3 Over 4500 to 9,000 yuan 20 555

4 Over RMB 9,000 to RMB 350,000 25 100 5

5 Over 35,000 to 55,000 RMB 30 2 755

6 Over 55,000 to 80,000 yuan 35 5505

7 Over 80,000 yuan 45 13505

(Note: The taxable income for the whole month as referred to in this table refers to the balance after deducting expenses of 3,000 yuan or the additional deduction of expenses from the monthly income in accordance with the tax law.)

Accidental income tax rate table

(The income from the production and operation of individual industrial and commercial households and the income from contracted and leased operations of enterprises and institutions apply)

Annual tax rate of taxable income (%)

1 Not more than 5% of 5,000 yuan

2 10% over 5,000 to 10,000 yuan

3 20% over 10,000 to 30,000 yuan

4 30% over 30,000 yuan to 50,000 yuan

5 35% over 50,000 yuan

(Note: The annual taxable income referred to in this table refers to the balance after deducting costs, expenses and losses based on the total income of each tax year in accordance with the provisions of Article 6 of this Law.)