Refund! Refund! Refund!
Attention friends!
2023 Annual Reconciliation of Comprehensive Income
It will end on June 30 (this Sunday)!
Remember to handle it!
Failure to do so within the time limit may result in serious consequences
Since March this year, it has been processed
Many netizens got tax refunds
The amount of tax refunds has been posted
There are also some netizens who need to pay taxes
01
Deadline at the end of this month, hurry up!
The processing time for the 2023 annual reconciliation is as follows:
March 1 to June 30, 2024
02
How does it work?
Taxpayers can give priority to the final settlement through the IIT APP and website, and the tax authorities will provide taxpayers with pre-filling services for the items in the declaration form; If it is inconvenient to handle it through the above methods, it can also be handled by mail or at the tax service hall.
Online process
Open and log in to the "Individual Income Tax" APP (if it is not installed, search and download it in the mobile app store).
Click the "Enter the Special Page" button on the homepage for 2023 comprehensive income annual reconciliation, as shown in the figure. Just follow the prompts.
03
How much can I get back?
Annual reconciliation means that after the end of the year, taxpayers need to aggregate the four comprehensive incomes of wages and salaries, remuneration for labor services, author's remuneration and royalties, and calculate the tax on a consolidated basis, and go through the final settlement with the tax authorities and settle the tax refundable or payable.
Tax refundable or payable = [(comprehensive income - 60,000 yuan - special deductions such as "three insurances and one housing fund" - special additional deductions such as children's education - other deductions determined according to law - eligible public welfare and charitable donations) ×applicable tax rate - quick deduction] - prepaid tax
(The final settlement does not involve the taxpayer's classified income such as property lease, and the income that is not included in the comprehensive income for tax calculation according to the regulations.) ）
04
Who needs to do it and who doesn't?
If one of the following circumstances is met, the taxpayer shall apply for final settlement:
- The amount of tax prepaid is greater than the amount of tax payable in the final settlement and the tax refund is applied;
- The comprehensive income obtained in 2023 exceeds 120,000 yuan and the amount of tax required for final settlement exceeds 400 yuan.
Taxpayers who have prepaid individual income tax in accordance with the law in 2023 and meet one of the following circumstances are not required to go through the final settlement:
- The final settlement is subject to additional tax, but the comprehensive income does not exceed 120,000 yuan for the whole year;
- The amount of tax to be paid for final settlement does not exceed 400 yuan;
- The amount of tax paid in advance is consistent with the amount of tax payable in the final settlement;
- Those who meet the conditions for tax refund but do not apply for tax refund.
Again, a reminder to everyone
2023 Annual Reconciliation of Comprehensive Income
Ends this Sunday!
Please hurry up!
If you fail to do so within the time limit, you may face serious consequences
Previously, some people did not do the final settlement of individual income tax
was paid back + punished by nearly 100,000 yuan!
Ends tomorrow (June 30th)!
Remember to handle it!
Source: Zhengzhou release
Editor: Chen Long Proofreader: Qiao Hong