Tmall recharge online game virtual currency to pay tax

1. According to the official reply of the State Administration of Taxation on the issue of indivial income tax on the income of indivials from buying and selling virtual currency through the Internet (GSH [2008] No. 818), the income obtained by indivials from purchasing players' virtual currency through the Internet and selling it to others after price increase belongs to the taxable income of indivial income tax, The indivial income tax shall be calculated and paid according to the item of "income from property transfer". The original value of an indivial's property in selling virtual currency is the price and related taxes paid for his purchase of network virtual currency. If an indivial is unable to provide evidence of the original value of his property, the original value of his property shall be verified by the competent tax authorities.

2. According to the official reply of the State Administration of Taxation on the issue of indivial income tax on the income of indivials from buying and selling virtual currency through the Internet (GSH [2008] No. 818), the income obtained by indivials from purchasing players' virtual currency through the Internet and selling it to others after price increase belongs to the taxable income of indivial income tax, The indivial income tax shall be calculated and paid according to the item of "income from property transfer". The original value of an indivial's property in selling virtual currency is the price and related taxes paid for his purchase of network virtual currency. If an indivial is unable to provide evidence of the original value of his property, the original value of his property shall be verified by the competent tax authorities.

3. If cash withdrawal is reflected, taxes and fees are required, which are all available.

4. In a recent reply to the Beijing Local Taxation Bureau, the State Administration of Taxation said that the income obtained by indivials from purchasing players' virtual currency through the Internet and selling it to others after price increase belongs to the taxable income of indivial income tax, which should be calculated and paid according to the item of "income from property transfer"
according to the regulations, the income from property transfer is calculated as the amount of taxable income, which is the balance of the income from one-time transfer of property (no matter how many times it is paid, it should be merged into the income from one-time transfer of property) minus the original value of the property and reasonable expenses, and the tax rate of 20% is applied to calculate and pay indivial income tax.

5. The State Administration of Taxation announced on the 28th the "reply on the issue of personal income tax on the income of indivials from buying and selling virtual currencies through the Internet", which means that domestic indivials must pay personal income tax on the income they get from selling virtual currencies to others after they purchase virtual currencies through the Internet

in response to the Beijing Local Taxation Bureau's request for instructions on the issue of indivial income tax on the income derived from the sale of virtual currency through the Internet, the State Administration of Taxation has made the above reply, clearly stipulating that the income derived from the purchase of virtual currency through the Internet and the sale to others after the price increase belongs to the taxable income of indivial income tax, The indivial income tax shall be calculated and paid according to the item of "income from property transfer"

at the same time, the State Administration of Taxation emphasizes that the original value of the property of an indivial selling virtual currency is the price and related taxes paid for his purchase of network virtual currency. If an indivial is unable to provide evidence of the original value of his property, the original value of his property shall be verified by the competent tax authorities

according to the relevant sources of Beijing Local Taxation Bureau, the tax rate of indivial income tax calculated according to the project of "income from property transfer" is fixed at 20%. Beijing Local Taxation Bureau will also introce relevant measures to verify the original value of virtual currency property sold by indivials, but there is no timetable for the implementation of the policy at present.

6. According to China's current regulations, at this stage, financial institutions are not allowed to provide bitcoin related procts or services. Bitcoin cannot and should not be used as currency. Ruitai coin, Laite coin and other counterfeit coins are also applicable
all investments are not protected by law. If there is a brokerage transaction, once it is found, it will be subject to criminal responsibility.

7. Beijing Local Taxation Bureau:
we have received your request for instructions on the issue of personal income tax collection for indivials who obtain income from online sales of virtual currency (jdsge [2008] No. 114). The reply is as follows:
1. The income obtained by an indivial from purchasing a player's virtual currency through the Internet and selling it to others after a price increase belongs to the taxable income of personal income tax, which should be calculated according to & quot; Income from property transfer; Indivial income tax is calculated and paid
2. The original value of an indivial's property selling virtual currency is the price and relevant taxes paid for his purchase of network virtual currency< 3. If an indivial is unable to provide the original value certificate of the property, the original value of the property shall be verified by the competent tax authority<

State Administration of Taxation
September 28, 2008

8.

Online games purchase virtual currency can require invoice

According to the law of the people's Republic of China on the protection of consumers' rights and interests, Article 22 when providing goods or services, business operators shall issue invoices and other purchase certificates or service documents to consumers in accordance with relevant state regulations or commercial practices; Where a consumer demands a purchase certificate or service receipt such as an invoice, the business operator must issue it

Article 40 when purchasing or using a commodity, a consumer whose legitimate rights and interests are damaged may claim compensation from the seller. After the seller has made compensation, if the responsibility belongs to the procer or other sellers who provide the goods to the seller, the Seller shall have the right to recover the compensation from the procer or other sellers

The law of the people's Republic of China on the administration of tax collection stipulates that Article 56 taxpayers and withholding agents must accept the tax inspection concted by the tax authorities according to law, truthfully reflect the situation, provide relevant information, and shall not refuse or conceal

Article 57 When concting tax inspection in accordance with the law, the tax authorities shall have the right to investigate the situation of taxpayers, withholding agents and other parties concerned with paying taxes or withholding or collecting and remitting taxes from the relevant units and indivials, and the relevant units and indivials shall have the obligation to provide the tax authorities with relevant information and supporting materials

9.

You don't need to pay taxes to recharge, but game operators need to pay taxes. For specific tax points, you can go to the official website of the instry and Commerce Department to inquire about the tax points of the game instry

taxpayers should pay taxes according to the collection methods determined by the competent state tax authorities. Self check and self pay. Enterprises with large scale of proction and operation, sound financial system, accurate accounting and consistent tax payment according to law shall be approved by the competent state tax authorities

according to the tax law, the enterprise calculates the tax payable by itself, fills in and reviews the tax return, fills in the tax payment form by itself, pays the tax payable at the deposit bank, and handles the tax return to the competent state tax authority and submits the tax data and financial accounting statements

extended information:

basic provisions:

1. Tax authorities shall collect taxes in accordance with laws and administrative regulations, and shall not levy, stop, over levy or under levy taxes in violation of laws and administrative regulations

The withholding agent shall perform the ty of withholding and collecting taxes in accordance with laws and administrative regulations. The tax authorities shall not require any unit or indivial that is not required by laws or administrative regulations to perform the ty of withholding or collecting tax

Taxpayers and withholding agents shall pay or remit taxes within the time limit prescribed by laws and administrative regulations or determined by tax authorities in accordance with laws and administrative regulations

If the taxpayer fails to pay the tax within the prescribed time limit or the withholding agent fails to pay the tax within the prescribed time limit, the tax authorities shall, in addition to ordering the taxpayer to pay the tax within the prescribed time limit, impose an overe fine of 0.05% of the overe tax on a daily basis from the date of overe payment

10. Business operators of this online game platform pay business tax for the service instry, with a tax rate of 5%