2021 tax reconciliation, from now on, do you want to refund or pay tax?

　　China-Singapore Finance, March 1 (Reporter Li Jinlei) From March 1, the 2021 tax reconciliation will officially begin.

Personal tax once again ushered in more refunds and less supplements. Come and see if you are tax refunds or tax supplements?

From the website of the State Administration of Taxation.

2021 tax reconciliation starts today

　　The time for the 2021 annual reconciliation is from March 1 to June 30, 2022, and the period spans 4 months.

　　In order to improve everyone's tax processing efficiency and reporting experience, and prevent inconvenience caused by crowding together in the early stage of settlement, the tax department has launched an appointment tax processing service.

Taxpayers who have tax needs in the early stage of annual reconciliation (March 1 to March 15) can log in to the mobile personal tax APP to make an appointment for any day in the above time period.

From March 16th to June 30th, taxpayers can log in to the mobile personal income tax APP at any time for annual reconciliation without making an appointment.

　　It should be noted that the opening time of the reservation function is from 6:00 am to 22:00 pm every day from February 16 to March 15, 2022. Taxpayers can log in to the mobile personal income tax APP during the above time and make an appointment from March 1 to March 15. Annual report on March 15.

　　Friends who want to receive tax refund red envelopes as soon as possible, quickly pick up the mobile phone and make an appointment.

Who needs to do annual reconciliation?

　　If one of the following circumstances is met, the taxpayer needs to complete the annual reconciliation:

　　(1) The prepaid tax amount is greater than the annual final tax payable and the tax refund is applied; (2) The comprehensive income obtained during the tax year exceeds 120,000 yuan and the amount of tax to be paid exceeds 400 yuan.

　　Tax refundable or payable = [(Comprehensive income - 60,000 yuan - "three insurances and one housing fund" and other special deductions - children's education and other special additional deductions - other deductions determined in accordance with the law - eligible donations to public welfare and charities) × Applicable Tax rate - quick deduction] - withholding tax

Under what circumstances do annual reconciliations not be required?

　　If the taxpayer has prepaid individual income tax in accordance with the law within the tax year and meets any of the following circumstances, there is no need to apply for annual reconciliation:

　　(1) The annual final tax payment is required but the comprehensive income does not exceed 120,000 yuan; (2) The annual final tax payment amount is not more than 400 yuan; (3) The prepaid tax amount should be the same as the annual final tax payment. (4) Those who meet the conditions for annual tax refund but do not apply for tax refund.

How to do annual reconciliation?

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

Everyone can choose the method according to their own needs.

　　Tax authorities have provided efficient and fast online tax processing channels, and it is recommended that taxpayers prefer to handle annual reconciliation through the electronic tax bureau for natural persons,

　　First, the mobile personal income tax APP optimizes the pre-filling service of declaration form items.

The second is to optimize the way of filling out social insurance premiums.

The third is to optimize and increase prompt reminders.

On the one hand, more service reminders are added to help taxpayers handle annual reconciliation conveniently; on the other hand, risk reminders are provided for taxpayers who report reduced income or increased deductions, tax-exempt income, and tax deductions, reminding taxpayers to declare their taxes truthfully in accordance with the law. , reducing the chance of taxpayers filling in the wrong form.

Continue to implement annual reconciliation "first violation without penalty"

　　When a taxpayer fills in the declaration information incorrectly when handling the annual reconciliation, resulting in over-refund or underpayment of tax in the annual reconciliation, if the taxpayer takes the initiative or promptly corrects it after being reminded by the tax authority, the tax authority may exempt the taxpayer in accordance with the principle of "no penalty for the first violation". be punished.

　　Tax rebates can be waived, but tax rebates cannot be waived.

For taxpayers who need to pay tax in the annual reconciliation period, if they fail to declare and pay the tax after the end of the annual reconciliation period, the tax department will impose a late payment fee in accordance with the law and mark it in their "Individual Income Tax Tax Record".

　　Are you paying tax or paying tax?

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