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Official Clarification: Retirement Pension Exempt from Individual Income Tax
1 week ago /
Read about 0 minute
Author：小编
Monthly retirement pensions received by individuals are exempt from individual income tax. Additionally, personal contributions to supplementary pension insurance are capped at 12,000 yuan annually. These contributions are deductible from taxable income and enjoy tax exemption status. However, upon withdrawal, these funds are subject to a tax rate of 3%.
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