That's it! More refunds and less supplements!
Launched from March 1
Annual tax comprehensive income calculation!
The State Administration of Taxation issued an announcement
From 1 March to 30 June 2022
Individual residents who meet the relevant regulations
You need to apply for personal income tax for 2021
Settlement of comprehensive income
Last year, someone refunded 10,000 yuan
So, what is annual accounting?
Who needs to apply for an annual account?
What are the pre-tax deductions available?
……
What is annual accounting?
After the end of fiscal 2021, resident individuals (hereinafter referred to as "taxpayers") need to aggregate the income of the four items of income (hereinafter referred to as "comprehensive income") such as wages and salaries, labor remuneration, authors' remuneration, and royalties obtained from January 1, 2021 to December 31, 2021 (hereinafter referred to as the tax year), after deducting the expenses of 60,000 yuan, as well as special deductions, special additional deductions, other deductions determined according to law, and eligible donations for public welfare charitable undertakings, apply the comprehensive income tax rate and subtract the quick calculation deductions. Calculate the final tax payable in the annual tax, and then subtract the amount of tax already prepaid in the tax year, obtain the amount of tax that should be refunded or supplemented, declare it to the tax authorities and apply for tax refund or tax reimbursement. The specific calculation formula is as follows:
The amount of tax that should be refunded or paid back = [(comprehensive income amount - 60,000 yuan - special deductions such as "three insurances and one gold" - special additional deductions such as children's education - other deductions determined according to law - eligible public welfare charitable donations) × applicable tax rate - quick deduction] - tax amount prepaid
The annual tax calculation does not involve classified income such as property leasing, as well as the income that the taxpayer chooses not to incorporate into the comprehensive income according to the regulations.
According to the Individual Income Tax Law, Article 3 of the Announcement clarifies the circumstances in which annual accounting needs to be processed, which are divided into two categories: tax rebate and tax supplement.
One category is taxpayers whose withholding tax is higher than the tax payable and who need to apply for a tax refund. It is the right of taxpayers to apply for a tax refund in accordance with the law. As long as the taxpayer's withholding tax is greater than the tax payable in the tax year, he can apply for an annual tax refund in accordance with the law. In practice, there are some more typical situations that will generate or may produce tax refunds, mainly as follows:
1. The annual comprehensive income of the tax year is less than 60,000 yuan, but the personal income tax has been paid in advance in ordinary times;
2. There is a special additional deduction in the tax year that meets the conditions for enjoyment, but the deduction is not declared when the tax is prepaid;
3. Due to reasons such as employment, retirement, or no income in some months in the middle of the year, the deduction of expenses of 60,000 yuan, special deductions such as "three insurances and one gold", special additional deductions such as children's education, enterprise (occupational) annuities, commercial health insurance, tax deferred pension insurance, etc. are insufficient;
4. Those who have not been employed by an employer, have only obtained labor remuneration, author remuneration, and royalties income, and need to apply for various pre-tax deductions through annual remittance;
5. Where a taxpayer obtains income from labor remuneration, author's remuneration, or royalties, and the withholding and prepayment rate applicable in the middle of the year is higher than the annual applicable tax rate for comprehensive income for the whole year;
6. When paying taxes in advance, those who have not declared or have not fully enjoyed the comprehensive income tax preferential treatment, such as the reduction of personal income tax concessions for the disabled;
7. There are eligible donation expenditures for public welfare charities, but no deduction is made when paying taxes in advance, etc.
The other category is taxpayers whose withholding tax is less than the tax payable and who should make up the tax. It is the taxpayer's obligation to make up taxes according to law. In practice, there are some common situations that will lead to the need or possible need for tax reimbursement at the time of annual accounting, mainly as follows:
1. Employed in two or more units and receive wages and salaries, and deduct the deduction expenses (5,000 yuan / month) when paying taxes in advance;
2. In addition to wages and salaries, taxpayers also have income from labor remuneration, author remuneration, royalties, and the sum of the income from various comprehensive incomes causes the annual tax rate of comprehensive income to be higher than the withholding and prepayment rate; and so on.
Taxpayers may fill in the deductions or supplementary deductions during the annual settlement period for the following pre-tax deductions that occur during the tax year and have not been declared or deducted in full:
(1) Taxpayers, their spouses, and minor children's eligible medical expenses for serious illnesses;
(2) Taxpayers who meet the conditions for children's education, continuing education, housing loan interest or housing rent, and special additional deductions for supporting the elderly, as well as deductions for expenses, special deductions, and other deductions determined in accordance with law;
(3) Taxpayers' eligible donations to public interest charitable undertakings.
Taxpayers who have obtained both comprehensive income and business income may declare deductions of 60,000 yuan, special deductions, special additional deductions and other deductions determined in accordance with law in the comprehensive income or business income, but shall not repeatedly declare deductions.
For taxpayers who do not comply
What are the administrative measures this year?
In 2021, the third time after the reform of the individual income tax system combining comprehensive and classification, the vast majority of taxpayers can handle it truthfully according to law, and a considerable number of taxpayers have enjoyed the dividends of individual tax reform by applying for tax rebates through annual remittance, and there are also many taxpayers who have supplemented the income that the tax department has not mastered and handled the annual tax declaration and payment. At the same time, the tax department also found that there were a small number of taxpayers, who still did not declare truthfully after repeated reminders from the tax authorities.
For taxpayers who need to make up taxes on annual remittances, if they fail to declare and pay back taxes after the end of the annual settlement period, the tax department will charge a late fee in accordance with the law and mark them in their "Individual Income Tax Payment Records". For tax-related amounts that are relatively large, the tax department will carry out reminders, supervise and rectify those that have not been corrected or not corrected after the reminder, conduct interviews and warnings for those who are still not corrected or are not in place, file cases and audits in accordance with the law that still do not cooperate with rectification after the interview and warning, and publicly expose those cases that have serious circumstances and bad impact on the selection of cases filed.
Individual tax calculation for 2021
Make an appointment for Q&A
1. What is the time frame for annual remittance? When can taxpayers make an appointment to do tax?
A: The time for the 2021 annual tax calculation is from March 1 to June 30, 2022, spanning 4 months, 24 hours a day, and taxpayers have a very sufficient time to handle taxes, so there is no need to rush to get together in the first few days.
Taxpayers who need to apply for annual tax calculation between March 1 and March 15 can log in to the mobile personal income tax APP from 6:00 a.m. to 22:00 p.m. every day from February 16 to March 15 to make an appointment. The appointment process is very easy, and the feature will go live on February 16.
2. What should taxpayers do if they want to make an appointment for remittance on March 2, but do not make an appointment?
A: Taxpayers do not have to make an appointment to go to March 2 to handle the remittance, there is no need to worry, you can choose other dates to make an appointment, you can also not make an appointment, after March 16, you can directly log in to the mobile personal income tax APP or the web page to handle the tax declaration. If the taxpayer really has an emergency and does not make an appointment to the appropriate date, he can also go to the tax service department of the competent tax authority to handle it directly.
3. Taxpayers will not notice that they can make an appointment to do taxes until the start of the remittance period on March 1, is it too late to make an appointment at this time?
A: From March 1 to March 15, taxpayers can still make an appointment to do taxes through the mobile personal income tax APP, and choose any date that is not full. Of course, taxpayers can also log in directly to the mobile personal income tax APP or web page to apply for the tax declaration without making an appointment, and after March 16.
4. The work unit notifies the taxpayer to apply for the annual accounting in early April, does the taxpayer still need to make an appointment?
A: In order to guide taxpayers to handle annual accounts in a reasonable and orderly manner and improve taxpayers' experience in handling, the tax department will notify taxpayers in batches and through the unit to handle within a certain period of time, so if the unit has notified the taxpayer of the specific processing time, it is recommended to handle it within the corresponding time period in order to enjoy high-quality tax payment services. If taxpayers really need to file at the beginning of the tax calculation period (March 1 to March 15), they can also make an appointment to handle taxes through the mobile personal income tax APP.
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Forward to remind those around you!
Source: Langya News Network