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Tax trivia

──May 06 , 2022How does an individual determine the amount of income earned abroad?

Up to2022-6-30Today, we need to do2021Annual personal income tax settlement, today to share with you about how to determine the amount of overseas income.

First of all, we have revenue from overseas, which we can have2Partial deduction.

The first deduction refers to the overseas income obtained by an individual. If the income needs to be part of the income delivered to the dispatched unit in accordance with regulations, those who can provide a valid contract or relevant vouchers may deduct this amount from their overseas income after examination and verification by the competent tax department.

The second deduction refers to the amount of individual income tax paid by an individual abroad. If the original tax payment certificate issued by an overseas tax authority can be provided (relevant calculation basis is required), this part of tax paid can be deducted from the calculated amount of tax payable.

For example: citizenAConversion of income obtained abroad100WRMBHalf of it has to go to the sending units, so the citizensAWhen making individual income tax declaration, it is necessary to submit the income distribution contract to the tax bureau for examination and approval. After examination,ACitizens can follow50WRMBIndividual income tax shall be calculated and declared

How does an individual determine the amount of income earned abroad?

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