How to pay personal income tax on the income of short story auctions
The income from the short story auction was considered accidental and required to pay personal income tax. According to the provisions of Item (2) of Item 4 of the Individual income tax law of the People's Republic of China, accidental income refers to the income obtained by an individual by chance, which is not restricted by life span, nationality, and region, and does not need to be paid taxes. Therefore, if the author of a short story obtained income from the auction of a short story, he would have to pay personal income tax according to the tax rate stipulated by the tax law. The specific tax rate depends on the amount of income and the occupation and position of the tax obligor. The specific tax obligors needed to follow the steps stipulated by the tax law to declare and submit the relevant tax documents. If the personal income tax rate is unclear or you have any questions, you can consult the local tax bureau. How to pay personal income tax on the income from the short story auction needs to be reported and paid according to the individual's specific circumstances. If you are not sure how to operate, please consult the local tax bureau or professionals.
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