案例分析题

(d) Mrs Ink is a China tax resident. After her retirement, she invested in A-shares and real estates in China. In 2014 her incomes (before individual income tax (IIT)) were as follows:

问答题

State why Mrs Ink is incorrect in considering that she does not need to pay any individual income tax (IIT) for 2014.

【正确答案】

Incomes and losses under different categories of income cannot be offset. Each category of income needs to be considered separately and tax paid accordingly.

【答案解析】

问答题

For each of Mrs Ink’s items of income, state whether it is ‘tax exempt’ or ‘taxable’ and calculate the IIT payable on her taxable income for 2014.
Note: Ignore business tax and other surtaxes.

【正确答案】

IIT payable for 2014

【答案解析】