Important reminder!This “refund” can be booked from today

2022-05-29 0 By

The State Administration of Taxation (SAT) recently announced that individual residents who meet relevant regulations will need to settle their 2021 individual income tax from March 1 to June 30, 2022.Reservations can be made from today (February 16).In order to improve the efficiency of tax handling and the experience of declaration, and prevent the inconvenience caused by the early stage of settlement, the tax department has provided a new service of tax booking this year.Taxpayers who need to handle individual income tax settlement from March 1 to March 15 can make an appointment on any day between March 1 and March 15 after February 16 according to their own situation.March 16 to June 30, taxpayers do not need to make an appointment, can handle the annual settlement at any time.According to the announcement, at the end of 2021, individual residents will need to summarize the amount of income from wages, remuneration for labor services, remuneration for author’s remuneration and royalties from January 1 to December 31, 2021.After deducting 60,000 yuan of expenses, special deductions, special additional deductions, other deductions determined according to law and donations from qualified public welfare and charitable undertakings;Apply comprehensive income individual income tax rate and subtract quick-calculation deductions to calculate the final tax payable in the annual settlement;After deducting the amount of tax paid in advance for the tax year, the tax payable or refundable shall be obtained, which shall be reported to the tax authorities and handled with tax refund or tax payment.The annual settlement period is from March 1, 2022 to June 30, 2022.Taxpayers without domicile in China who leave China before March 1 May handle the annual settlement before leaving China.According to the announcement, the taxpayer needs to handle the annual settlement if it meets one of the following circumstances.(1) the amount of tax paid in advance is greater than the amount of tax payable in the annual settlement and the tax refund is applied for;(2) the comprehensive income obtained during the tax year exceeds 120,000 yuan and the amount of tax payable exceeds 400 yuan.Where a taxpayer underdeclares or fails to declare comprehensive income in a tax year due to a mistake in the applicable income items or failure of the withholding agent to fulfill the withholding obligation in accordance with law, the taxpayer shall handle the annual settlement according to law and in accordance with the facts.State Administration of Taxation:Settlement period after the end of undeclared and payment of tax will receive fine for delaying payment according to introducing, 2021 annual income is comprehensive and classification by combining individual income tax system reform after the third time, once upon a time two to handle the case, the vast majority of taxpayers can truthfully according to law, there are a number of taxpayers with annual income for tax rebates to enjoy the dividend tax reform,There are also a lot of taxpayers to supplement the income that the tax department does not master, deal with annual settlement to declare pay taxes.At the same time, the tax authorities also found that a small number of taxpayers did not truthfully declare after repeated reminders from the tax authorities.State Administration of Taxation related person in charge said, for the annual settlement of taxpayers who need to pay taxes, such as in the end of the annual settlement period did not declare and pay taxes, tax authorities will be charged a fine for late payment in accordance with the law, and in its “individual income tax records” to be marked.To fords the tax amount is larger, the tax authorities will conduct a hint to remind, to remind after not correct or corrections to supervise and urge the rectification is not in place, is still not correct or corrections in place for interview, interview after the warning is still not cooperate with rectification of the initiate an audit in accordance with the law, part of filing a case to choose the circumstances are serious, the influence of the bad public exposure.