Research On The Special Additional Deduction Of Personal Income Tax

At the fifth meeting of the Standing Committee of the 13 th National People's Congress,the new individual income tax law was reviewed and approved,and it will be fully implemented from January,2019.Compared with the previous reform,this reform added six special additional deductions,including children's education,continuing education,serious illness medical treatment,housing loan interest,housing rent and supporting the elderly,and made specific provisions on the policy establishment,deduction method,implementation standard and tax guarantee of special additional deductions.As China's special additional deduction policy has just been implemented,the implementation of various special additional deduction policies is in the initial stage.Compared with other countries that have implemented special additional deduction projects for many years,there are still some problems or deficiencies in the formulation and collection management of individual income tax law policies in China,and there are many places that need to be further improved,which should be based on education,housing The change of basic expenditure such as medical treatment and pension,timely adjust the scope setting and deduction standard of special additional deduction,carry out dynamic adjustment through indexation adjustment,implement differential deduction,continuously improve the implementation policy of special additional deduction of personal income tax,optimize the collection and management system of personal income tax,so that the personal income tax can really adjust the income distribution,narrow the gap between the rich and the poor The function of safeguarding social fairness and justice.The tax reduction effect brought by the introduction of special additional deduction method has expanded consumption,improved citizens' awareness of tax payment and rights,reflected social fairness and justice,and fully reflected the role of individual income tax in income distribution regulation.The scope of the reform is wide and the efficiency is strong.It is deeply related to the development of people's livelihood and social equity.It enhances citizens' awareness of tax payment and rights,embodies social equity and justice,fullyembodies the role of personal income tax in the adjustment of income distribution,is an important part of the construction of tax modernization system,and is the integration of the tax modernization system and the modernization of national governance Exhibition is a milestone in the field of tax reform in China,bringing new opportunities and challenges to the tax management model.