China's annual tax reconciliation: more than 2 million people have received preferential tax rebates

　　China News Agency, Beijing, March 11 (Reporter Zhao Jianhua) China is in the process of finalizing and clearing the comprehensive income of individual income tax in 2021 (hereinafter referred to as the annual finalization), and on the basis of the usual prepaid taxes, it will "check for omissions, make up for omissions, and summarize." Revenues and expenditures are settled annually, more refunds and less compensation.”

During this period, the tax authorities will give priority to taxpayers who are "old and underprivileged" and taxpayers with a heavier burden of seeing a doctor.

　　Taxpayers who have filled out the two special additional deductions for supporting the elderly and children's education in the 2021 financial statements, or have filled in the special additional deductions for serious illness medical treatment, can get priority tax refund after submitting the tax refund application according to the appointment time; no need after March 16 By appointment, you can directly apply for annual reconciliation and get tax refund first.

　　According to data released by the State Administration of Taxation, as of March 9, 3.446 million taxpayers who qualify for preferential tax refunds have submitted tax refund applications.

Among them, 2.004 million people have successfully obtained tax refunds, with a tax refund amount of 2.72 billion yuan (RMB, the same below).

　　Since the implementation of the new IIT Law in 2018, China has completed the annual IIT reconciliation for 2019 and 2020.

Annual reconciliation needs to pay tax, but annual reconciliation is not required, but the annual comprehensive income does not exceed 120,000 yuan, the tax payment amount does not exceed 400 yuan, and the prepaid tax is consistent with the annual tax payable.

　　Eligible medical expenses for serious diseases, children's education, continuing education, housing loan interest or housing rent, special additional deductions for supporting the elderly, as well as deductions, special deductions, donations to public welfare and charities, etc., can enjoy pre-tax deductions.

Taxpayers who do not have a domicile within the territory of China who leave the country before March 1 can complete the annual settlement before leaving the country.

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