Do you need to pay taxes for cash withdrawal
The withdrawal of foreign exchange platform investment does not need to pay personal income tax
only when the investment gains income, it needs to pay tax. And according to the different investment procts, the indivial income tax rate is not the same, not all investment income need to pay tax. In addition, even if the indivial income tax is paid, it is generally paid by the taxpayer through the personal tax app or the tax bureau
investment platform can't forcibly dect users' personal tax funds. The dividend income obtained by creditors in general personal loans belongs to the item of "interest, dividend and dividend income", and the applicable indivial tax rate is 20%; The 20% tax rate is also applicable to equity dividends, stock dividends and income from stock trading
extended information:
the introction of indivial income tax payment is as follows:
the amount of tax payable in advance in current period = (accumulated amount of tax payable in advance) × Tax rate - quick dection) - withholding tax. Accumulated prepaid taxable income = accumulated income - accumulated tax-free income - accumulated basic dection expenses - accumulated special dection - accumulated special additional dection - accumulated other dections determined according to law
if the special additional information is entered late, resulting in no special additional tax-free dection in the previous month, the final settlement will be carried out from March to June 2020. The annual prepaid tax is greater than the annual tax payable and the tax refund is applied for
at present, China does not have the conditions to tax according to the flow of bank funds. According to the current tax laws and regulations, any kind of bank settlement itself is not taxable and will not proce taxes (the economic business behind capital settlement may involve taxes, which has nothing to do with this issue, so it will not be carried out)
therefore, No tax is required for bank withdrawal.