Study On The Law Of Special Additional Deduction Of Personal Income Tax For The Elderly

In 2018,China revised the personal income tax law for the seventh time.On the bas is of increasing the basic deduction amount,the newly revised personal income tax law a lso added six special additional deductions.These six special additional deductions are r emarkable achievements of personal income tax reform in China.The purpose of this pa per is to protect the legitimate rights and interests of the elderly,to relieve the economic pressure of the taxpayers and to regulate social equity.The newly added special addition al deduction system for supporting the elderly conforms to the current national condition of our country,is conducive to ensuring the livelihood and realizing the principle of tax f airness.As one of the basic core of the six special additional deductions,the special addi tional deduction system for supporting the elderly allows taxpayers to declare and deduc t reasonable expenses for supporting the elderly to the tax authorities according to law.It is a new tax relief policy of personal income tax law.From ancient times to the present,the traditional culture of our country has always emphasized that filial piety is the traditional virtue of the Chinese nation.The implement ation of the special additional deduction system for supporting the elderly is conducive t o carrying forward this traditional culture.Since its introduction,the system has achieve d good results.It has reduced the economic burden of taxpayers and promoted economic development.However,there are some problems,such as the lack of strict definition of the scope of the elderly,the simplification of the deduction standard and the backwardne ss of the declaration management.By analyzing the connotation and legal basis of the sp ecial additional deduction system for supporting the elderly,this paper puts forward the problems existing in the current special additional deduction system for supporting the el derly in China,and by analyzing the tax pretax deduction policy of Japan and South Kor ea,compared with the special additional deduction system for supporting the elderly in China,puts forward some suggestions to perfect the system and make the system better optimized so as to balance the rationality and maneuverability of the special additional d eduction system for supporting the elderly.In addition to the introduction and conclusion,this paper mainly studies the following five parts:The first part is an overview of the basic connotation of this system,perfect a syste m first to understand this system,so this chapter around three aspects,respectively,legal provisions,institutional characteristics and practical significance.The second part focuses on the legal basis of the system,first from the legislative pr inciples,and then based on the legislative principles to further explore the logical premis e of the system.The third part is to analyze the existing problems of the system,from the design def ects of the system and tax collection and management,analyze the plight of the system.The fourth part is to analyze the personal income tax related pretax deduction polic y of Japan and South Korea,compared with the system of our country,and draws on the excellent advanced experience of South Korea,So,we can get the Enlightenment of perfecting and improving the special additional deduction system for supporting the elderly in China.The fifth part is the suggestions on how to improve the special additional deduction system of supporting the elderly.For example,we should establish a scientific and complete tax policy,improve the level of tax collection and management,and promote the development of tax related service industries,so as to realize the principle of fair tax collection and promote better social and economic development.