Please pay attention to the tax rebate and tax refund required by the end of the tax year

  Newspaper (Chongqing Morning News·Upstream News Reporter Han Zheng) There are 3 days left until the end date of the 2019 personal income tax comprehensive income annual settlement (June 30). On June 27, the State Administration of Taxation Chongqing Taxation Bureau reminded Taxpayers who have not yet processed the application log in to the mobile phone personal income tax APP [Comprehensive Income Annual Settlement] module to view the relevant information and apply.

  According to the new personal income tax law, taxpayers are required to calculate personal income tax annually on the four salaries, labor remuneration, manuscript remuneration and royalties received in 2019, and compare the prepaid taxes in the year to March 1, 2020 From June to June 30, the annual settlement will be processed and more tax refunds will be made.

  According to the provisions of the tax law, if one of the following conditions is met, the taxpayer needs to handle the annual settlement.

  If the prepaid tax amount in 2019 is greater than the annual tax payable and the tax refund is applied for. Including the annual comprehensive income of 2019 does not exceed 60,000 yuan but personal income tax has been prepaid; the annual withholding rate applicable to the annual intermediate labor remuneration, draft remuneration and royalties is higher than the comprehensive annual tax rate applicable to comprehensive income; Deductions for deductions or underdeductions, special deductions, special additional deductions, other deductions or donations determined in accordance with the law, and undeclared enjoyment or underpayment of comprehensive income tax benefits.

  If the comprehensive income in 2019 exceeds 120,000 yuan and the amount of tax to be paid exceeds 400 yuan. Including the acquisition of two or more comprehensive income, the increase in the applicable tax rate after the merger results in the prepaid tax amount being less than the annual tax payable.

  In order to avoid congestion caused by crowded declarations and reduce tax efficiency, the tax department prompts taxpayers who have not yet processed, under the guidance of the financial department of the unit, through the personal income tax app or the natural person electronic tax bureau (https://etax.chinatax. gov.cn) for annual accounting declarations and tax refunds. If in doubt, you can also call the 12366 tax service hotline of the Chongqing Taxation Bureau of the State Administration of Taxation or consult with the local tax authority.

  Why do annual accounts need to be settled?

  Simply put, because after the implementation of the new tax law, the unit withholds personal income tax for individuals, but this is only a prepayment, which may be overpaid or underpaid. The annual settlement gives taxpayers the opportunity to "check and make up for the omissions", with more refunds and fewer payments to ensure the full enjoyment of the reform dividend.