Before December 31, 2021, there are two options for individual income tax calculation regarding yearly one-time bonus:

 

01
Bonus is not included in the current year's comprehensive income, then
a. The amount obtained dividing by 12 months is used to determine the applicable tax rate and quick calculation deduction in accordance with the monthly converted comprehensive income tax rate table (monthly tax rate table), and

b. Tax payable = annual one-time bonus income × applicable tax rate - quick calculation deduction.
 

02

If an resident individual obtains a one-time bonus for the whole year, he /she may also choose to incorporate it into the comprehensive income of the current year for tax calculation.

 

From January 1, 2022, the annual one-time bonus obtained by resident individual shall be calculated by the above option 02 only.