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 tax in 2021.
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What is the Comprehensive Income Tax Of Personal Income Tax?
Who needs to apply for an annual account?
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The comprehensive income of individual income tax is settled and paid
In order to facilitate everyone's understanding, the so-called "individual income tax comprehensive income settlement and payment" here actually refers to "individual tax year settlement".
In short, on the basis of the tax that has been paid in advance, "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!" ”
As for whether to refund or supplement tax, everyone has different situations:
(1) The amount of tax prepaid in 2021 > the tax payable in the year, apply for a tax refund!
(2) The amount of tax prepaid in 2021 < the annual tax payable, and the tax is supplemented!
(3) The amount of tax already paid in 2021 = the annual tax payable, no refund and no compensation!
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
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.
What are the pre-tax deductions available?
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.
Children's education, continuing education, medical treatment for serious illnesses,
Housing loan interest or housing rent, support for the elderly, etc
Six special additional deductions
It is one of the supporting measures for the implementation of the newly revised Individual Income Tax Law
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.
The full text of the Announcement of the State Administration of Taxation on Handling the Settlement and Payment of Comprehensive Income Of Individual Income Tax in 2021
Source/Cloud Corps Client Integrated CCTV News Client, State Administration of Taxation Website
Editor/Qing Jingyan Editor-in-Charge/He Zizi Producer/Wang Zhiming
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