China releases 丨 individual tax annual remittance launched on March 1! You can make an appointment to handle taxes and continue to implement the "first violation without penalty" regulations

Source: China Net

Author: Lin Yiren

China.com, February 10, 2021 The State Administration of Taxation recently issued the Announcement on Handling the Settlement and Payment of Comprehensive Income Tax for Individual Income Tax in 2021 (hereinafter referred to as the "Announcement"). On the 10th, the State Administration of Taxation interpreted the issues related to the annual settlement and introduced the optimization service measures this year.

The State Administration of Taxation launched the annual tax calculation appointment function this year, and taxpayers who have tax needs from March 1 to 15 this year can make an appointment for processing time through the natural person electronic tax bureau after February 16 (inclusive) and handle the annual account according to the appointment time. It should be noted that the appointment of tax is limited to March 1 to 15, and after the peak period, taxpayers can apply for annual tax at any time during the annual settlement period.

At the same time, the Announcement clearly states that the provisions on "no penalty for the first violation" of annual accounts will continue to be implemented. When a taxpayer fills in the declaration information incorrectly when handling the annual remittance, resulting in an over-refund or underpayment of tax in the annual settlement, and the taxpayer takes the initiative or promptly corrects it after being reminded by the tax authority, the tax authority may be exempted from punishment in accordance with the principle of "no penalty for the first violation".

In addition, after the completion of the annual accounting, a competent tax authority will be determined for the taxpayer who has not applied for the annual accounting on time according to the rules, so that the taxpayer can find the competent tax authority to provide tax-related service management for the taxpayer when handling the annual accounting in the future.

The annual accounting period is from March 1 to June 30, 2022. Among them, taxpayers who do not have a domicile in China can apply for annual remittance before leaving China if they leave China early. It should be noted that in order to help taxpayers complete the annual accounting efficiently, conveniently, reasonably and orderly, the tax authorities will remind taxpayers to stagger the peak within a certain period of time through certain batches of notices, and recommend that taxpayers handle it as much as possible within the agreed time period, so as not to cause tax congestion and affect the tax experience.