Notice of the State Administration of Taxation on Correcting the Practice of Deducting Interest on Bank Savings Deposits for the Same Period When Levying Individual Income Tax on Interest, Dividends, and Bonus Income

This notice requires local tax authorities to stop the unauthorized practice of deducting bank savings deposit interest when levying individual income tax on interest, dividends, and bonus income, and to align with the unified provisions of the Individual Income Tax Law following the restoration of taxation on savings deposit interest.