@WuXingren, refund the money! Starts March 1

　On February 9, the State Administration of Taxation issued an announcement that from March 1, 2022 to June 30, 2022, resident individuals who meet the relevant regulations need to handle the settlement and payment of comprehensive income of individual income tax in 2021.

　　According to the announcement, after the end of the 2021 fiscal year, resident individuals need to summarize the income from the four items of wages and salaries, labor remuneration, author remuneration, royalties, etc. obtained from January 1, 2021 to December 31, 2021, after deducting 60,000 yuan of expenses, as well as special deductions, special additional deductions, other deductions determined according to law, and eligible public welfare charitable donations, apply the comprehensive income tax rate and subtract the quick calculation deduction, calculate the final tax payable in the annual tax, and then subtract the amount of tax paid in advance in the tax year. If the amount of tax that should be refunded or reimbursed is obtained, it shall be declared to the tax authority and the tax refund or tax shall be processed.

　　The annual remittance processing period is from March 1 to June 30, 2022. Taxpayers who are not domiciled in China leave China before March 1 can apply for annual accounting before leaving China.

　　Who needs to apply for an annual account? What are the ways to do it? What are the administrative measures faced by taxpayers who do not comply?

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　　What is annual accounting?

　　In short, on the basis of the tax that has been paid in advance in peacetime, "check the omissions and fill in the gaps, summarize the income and expenditure, calculate the accounts on an annual basis, and refund more and make up for less."

　　Specifically, the annual remittance refers to the process by which a resident individual (hereinafter referred to as the taxpayer) summarizes the annual income of the four comprehensive incomes such as wages and salaries, labor remuneration, author remuneration, and royalties after the end of the year, subtracts the expenses and deductions for the whole year, obtains the taxable income and calculates the personal income tax payable for the whole year according to the annual tax rate table of comprehensive income, and then subtracts the tax that has been prepaid during the year, handles the annual tax declaration with the tax authority and settles the tax payable or supplementary tax.

　　It should be reminded that classified income such as interest dividend income and property lease income are not included in the annual accounting. At the same time, according to the relevant documents, the income obtained by taxpayers that can be calculated and taxed without being included in the comprehensive income is not within the scope of annual remittance.

　　Who does not need to apply for annual remittance?

　　Taxpayers who have already paid individual income tax in accordance with the law during the tax year and meet any of the following circumstances do not need to apply for annual remittance:

　　(1) Where tax reimbursement is required for annual settlement, but the comprehensive income does not exceed 120,000 yuan for the whole year;

　　(2) The amount of tax required for annual remittance does not exceed 400 yuan;

　　(3) the amount of tax already withheld is consistent with the amount of tax payable in the annual foreign exchange;

　　(4) Those who meet the conditions for annual tax rebate but do not apply for a tax refund.

　　Who needs to apply for an annual account?

　　The situations that require annual accounting are divided into two categories: tax rebate and tax reimbursement.

　　One category is taxpayers whose withholding tax is higher than the tax payable and who need to apply for a tax refund. 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.

　　For example, if the annual comprehensive income of the tax year is less than 60,000 yuan, but the individual income tax has been prepaid in peacetime; there is a special additional deduction that meets the conditions for enjoyment in the tax year, but there is no declaration deduction when prepaying the tax; there is no employment unit, only the income from labor remuneration, author remuneration, and royalties is obtained, and various pre-tax deductions need to be made through annual remittance, and so on.

　　The other category is taxpayers whose withholding tax is less than the tax payable and who should make up the tax.

　　For example, if you are employed in two or more units and receive wages and salaries, the deduction fee (5,000 yuan / month) is repeatedly deducted when paying taxes in advance; in addition to wages and salaries, taxpayers also have labor remuneration, author remuneration, royalty income, and the income from each comprehensive income is added up, resulting in the application of the annual tax rate of comprehensive income being higher than the withholding and withholding rate, and so on.

　　What are the options?

　　There are three ways to handle annual remittances: do it yourself, do it by your unit, and ask someone to do it.

　　The first is to handle annual accounts on their own.

　　The second is to handle it on behalf of the employed unit. It should be noted that taxpayers who choose to have the unit handle the annual accounting on their behalf need to confirm with the unit during the annual settlement period (before April 30). Before the taxpayer is confirmed, the unit shall not handle the annual tax settlement for the taxpayer.

　　The third is to entrust tax-related professional service institutions or other units and individuals to handle it, and the taxpayer and the trustee need to sign a power of attorney.

　　Through what channels to process annual remittances?

　　There are three channels for handling annual accounts: network office, mail office, and hall office.

　　Taxpayers can give priority to handling annual tax calculations through the Electronic TaxAtion Bureau for Natural Persons, especially the mobile personal income tax APP handheld tax. For resident individuals who have overseas income, they can apply for annual tax calculation through the overseas income declaration function on the website of the Electronic Taxation Bureau of Natural Persons.

　　If it is not convenient to use the Internet, it can also be handled by mail or at the Tax Service Department.

　　How to apply for annual tax refund and tax reimbursement?

　　(1) Handle tax refunds

　　If there is a tax refund amount after the annual remittance, the taxpayer can apply for a tax refund. The taxpayer completes the application procedure after checking "Apply for Tax Refund" in the corresponding column of the return form and submitting it to the competent tax authority. After the tax authorities and the state treasury have fulfilled the necessary examination procedures in accordance with the regulations, they can apply for tax refunds, and the tax refunds can be directly sent to the taxpayer's bank account. Taxpayers applying for a tax refund are required to accurately fill in their identity information and eligible bank accounts opened in China.

　　Among them, for taxpayers whose annual comprehensive income in the tax year is less than 60,000 yuan, but who have been withheld and prepaid personal income tax in the middle of the year, the tax authority will push service prompts and provide simple declaration form pre-filling services, taxpayers only need to confirm the amount of tax prepaid, fill in their bank account information, and quickly apply for tax refund through the network; taxpayers who have doubts about the data in the pre-fill service can also choose the standard return form for annual accounting.

　　(2) Handle tax reimbursement

　　Taxpayers who apply for annual tax reimbursement can pay the tax payable through online banking, card swiping at pos machines of the Tax Service Department, bank counters, non-bank payments (i.e. third-party payments), etc. Taxpayers who declare and make up taxes by mail need to pay attention to the progress of declarations and pay taxes in a timely manner through the electronic tax bureau of natural persons or the tax service department.

　　If a taxpayer overfeed or underpays the tax in the annual account due to an error in filling in the declaration information, and the taxpayer takes the initiative or promptly corrects it after being reminded by the tax authority, the tax authority may exempt the taxpayer from punishment in accordance with the principle of "no penalty for the first violation".

　　What are the administrative measures for taxpayers who do not comply?

　　It is understood that a small number of taxpayers have not truthfully declared 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.

Source: Zhejiang Online