Tax Planning of Personal Income Tax of College Teachers under New Personal Income Tax Law

Abstract

With the continuous improvement of China's economic level and the increase of national investment in education recently, the personal income of college teachers increases rapidly. Under this background, State Administration of Taxation proposes that the college teachers should be listed in the high income industry and be taken as the key object of personal income tax collection and management. In this paper, the principle and method of tax planning of personal income tax are introduced and then the tax planning of personal income tax scheme of college teachers under the new personal income tax law is discussed based on the analysis of the income composition of college teachers, hoping to reduce the tax burden of teachers by legal and reasonable tax planning means.