Research On The Reform And Reconstruction Of The Individual Income Tax Collection And Management Mechanism Under The New Normal Economy

China's economic development has entered a phase of new normal,the CPC central committee has put forward a series of macro-control policies,such as supply-side structural reform,fiscal and taxation system reform,prudent monetary policy and new drivers of growth,which are aimed at cyclical economic fluctuations.The high-profile Individual Income Tax Law was amended in 2019 to implement a combination of comprehensive and classified personal income tax systems.The traditional collection and management mode mainly serves enterprise taxpayers,which can no longer meet the requirements of the current individual income tax system.Therefore,it is urgent to reconstruct the corresponding individual income tax collection and management mechanism in line with China's conditions.In the context of the new normal economy,this paper summarizes the objectives of the collection and management mechanism of personal income tax.Next,it studies the deficiencies of the individual income tax collection and management mechanism from the actual situation in Sanming City and provides advice for the reform of the individual income tax system,which based on the advanced experience in some OECD countries such as the United Kingdom,the United States,and Japan.In the end,in combination with China's national conditions,it puts forward suggestions on the reconstruction of collection and management mechanism of China's individual income tax from the aspects of legal framework for taxation,information platform,tax team of specialized talents,tax payment service system,and tax assessment and tax inspection system for natural persons which emphasized that relevant supporting facilities should be improved,such as the improvement of cash payment system,the real-name registration of personal property,the establishment of tax payment credit system,and the standardization of tax agency.