Personal income from public auction of paintings, antiques, artworks, etc. It is allowed to deduct from the original value and reasonable expenses of its property according to relevant regulations, and personal income tax is levied according to the item of "income from property transfer".
Method for determining the original value of the property: if a complete and accurate certificate of the original value of the property can be provided, the price indicated on the certificate shall be the original value of the property; If a complete and accurate proof of the original value of the property cannot be provided, it shall be approved by the competent tax authorities, or determined according to the price assessed by the institutions recognized by the competent tax authorities, such as the reserved price of the auction items determined by the relevant assessment companies and auction houses.
Extended data; How to levy personal income tax on auction calligraphy and painting income? ? According to the provisions of the Notice on Collecting Individual Income Tax on Auction Income of Paintings, Calligraphy and Antiques, etc. It can be known that the income obtained should be subject to personal income tax according to the items obtained by property transfer.
How to levy personal income tax on auction calligraphy and painting income? The Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on the Collection of Individual Income Tax from Auction of Paintings, Calligraphy and Antiques (Guo Shui Fa [1997] 154) clearly stipulates this issue: after deducting the original value and reasonable expenses of the property, the individual income tax shall be collected according to the item of "income from property transfer". The method of determining the original value of the property is as follows: if a complete and accurate certificate of the original value of the property can be provided, the original value of the property is the price indicated on the certificate; If a complete and accurate proof of the original value of the property cannot be provided, it shall be determined according to the price approved by the competent tax authorities or the price evaluated by the institutions recognized by the competent tax authorities. The tax shall be withheld and remitted by the auction unit.
How to levy personal income tax on the auction proceeds obtained by individuals? I. Individual income tax shall be levied on the proceeds from auction (including the proceeds from auction of paintings and calligraphy works, antique collections, etc.). ) individuals are obtained by auction. The original value of the property is the price of the auction item obtained by the individual before (or last time) (subject to the legal and valid transaction voucher). Second, if an individual cannot provide a complete and accurate proof of the original value of the auction items, personal income tax will be levied on the auction income obtained by him, that is, personal income tax will be levied directly at the rate of 3% on all the auction income obtained by the individual. Three, individuals through the auction income should pay personal income tax, the auction unit is responsible for withholding.