How to save taxes on intermediary fees

Mondo Finance Updated on 2024-01-29

Intermediary costs refer to the expenses incurred in the intermediary contract, including the expenses incurred by the intermediary in facilitating the formation of the contract and the expenses incurred by the intermediary in not facilitating the conclusion of the contract. In terms of taxation, intermediary expenses are usually regarded as income from remuneration for labor services and are subject to individual income tax. However, in some cases, intermediaries can save on taxes in a reasonable way.

First of all, the intermediary can reasonably choose the payment method to reduce the tax burden. According to the provisions of the tax law, the income from labor remuneration shall be the taxable income based on the amount of each income, and the balance of the income from labor remuneration minus expenses shall be the taxable income. Therefore, the intermediary can choose to pay part of the income in other forms, such as fees paid to the intermediary or ** person, in order to reduce the taxable income.

Second, intermediaries can make reasonable use of preferential tax policies to reduce their tax burden. According to the provisions of the tax law, individuals in certain industries or regions can enjoy certain preferential tax policies. For example, some regions offer certain tax incentives to individuals in high-tech, cultural, educational, medical, and other industries. Therefore, intermediaries can make reasonable use of these policies to reduce the tax burden.

In addition, the intermediary can also reduce the tax burden by reasonably planning the time of individual income tax filing. According to the tax law, there is some flexibility in the filing time of individual income tax. The intermediary can reasonably plan the declaration time according to his actual situation to avoid paying a large amount of taxes in a certain period of time.

Finally, the intermediary can also reduce the tax burden by making reasonable use of the deductions stipulated in the tax law. According to the tax law, there are certain deductions for personal income tax, such as children's education, mortgage interest, and support for the elderly. The intermediary can make reasonable use of these deductions to reduce the taxable income according to his actual situation.

In short, in terms of taxation, the intermediary can reduce the tax burden by reasonably choosing the payment method, taking advantage of preferential tax policies, planning the declaration time and using deductions. However, it should be noted that these methods need to be carried out under the premise of legality and cannot violate the provisions of the tax law. At the same time, the specific tax saving method needs to be determined according to the actual situation of the intermediary and the local tax policy.

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