China News Service, February 1 (Reporter Li Jinlei) The 2023 personal tax settlement will begin on March 1, 2024. Personal income tax is about to usher in the annual "excessive refunds and less subsidy".
On February 1, the State Administration of Taxation issued an announcement on the handling of the final settlement and settlement of comprehensive personal income tax in 2023. The settlement processing time for 2023 is from March 1 to June 30, 2024.
Who needs to complete personal tax settlement?
Taxpayers who meet one of the following circumstances need to make a final settlement: (1) The amount of prepaid tax is greater than the tax payable in the final settlement and they apply for a tax refund; (2) The comprehensive income obtained in 2023 exceeds 120,000 yuan and the final settlement is required The amount of back tax exceeds 400 yuan.
The specific calculation formula for individual tax finalization:
Amount of tax refundable or payable = [(comprehensive income amount - 60,000 yuan - special deductions such as "three insurances and one fund" - special additional deductions such as children's education - other deductions determined in accordance with the law - qualified public welfare and charity donations) × applicable Tax rate - quick deduction] - prepaid tax
Further expand the scope of priority tax refund services
This year, on the basis of continuous optimization of tax services, the tax department has launched a series of new facilitation measures.
Among them, taxpayers with an annual income of less than 60,000 yuan and who have prepaid personal income tax will further provide priority tax refund services on the basis of the personal income tax APP and the natural person electronic tax bureau website simple declaration and quick processing services in previous years, and continue to improve Taxpayers’ sense of gain.
At the same time, we further expanded the pre-filling service for items in the financial statements. Relying on the medical expense data and personal pension data shared by the National Medical Security Administration and the Ministry of Human Resources and Social Security to the tax department, it provides taxpayers with special additional deduction information for serious illness medical treatment and pre-filling of personal pension information, and provides taxpayers with more accurate information. Good reporting experience.
In addition, the operating experience of taxpayers’ personal tax APP will be further optimized. The personal tax APP version has been upgraded, the channel page has been restructured, and the function icons have been redesigned to avoid overlapping of business functions, integrated display of handling (processing) inquiry (inquiry) matters, and more prominent "to-do" prompts, making the taxpayer's experience more friendly.
The starting time for tax settlement appointment is February 21
In order to guide taxpayers to handle settlement in a reasonable and orderly manner and improve taxpayers' handling experience, the competent tax authorities will notify taxpayers in batches and in installments to remind taxpayers to handle the settlement within a determined time period.
At the same time, the tax department has launched an appointment service. Taxpayers who need to handle the initial settlement period (March 1 to March 20) can make an appointment in the above time period through the personal tax APP after February 21 based on their own circumstances. Apply on any day. From March 21st to June 30th, taxpayers do not need to make an appointment and can apply at any time.
For taxpayers who meet the conditions for final settlement tax refund and have a heavy living burden, the tax authorities will provide priority tax refund services. If special groups such as the elderly and those with limited mobility who have difficulty completing the settlement independently apply, the tax authorities can provide personalized and convenient services.
RMB information map. Photo by China News Network reporter Li Jinlei
What pre-tax deductions are available?
For the following pre-tax deductions that will occur in 2023, taxpayers can report or make supplementary deductions during the settlement period:
(1) Deduction of RMB 60,000, as well as special deductions for eligible basic pension insurance, basic medical insurance, unemployment insurance and other social insurance premiums and housing provident fund;
(2) Special additional deductions for qualified infant care under 3 years old, children’s education, continuing education, serious illness medical treatment, housing loan interest or housing rent, and supporting the elderly;
(3) Other deductions for eligible enterprise annuities and occupational annuities, commercial health insurance, personal pensions, etc.;
(4) Qualified charity donations.
Taxpayers who jointly file with their spouses for special additional deductions such as care for infants under 3 years old, children's education, medical treatment for serious illnesses, housing loan interest, and housing rent, or jointly file with brothers and sisters for special additional deductions for supporting the elderly, need to communicate with other filers. Fill in the deduction amount and avoid reporting special additional deductions exceeding the prescribed amount or proportion.
It is important to handle individual tax returns truthfully and in accordance with the law
Judging from the accounting situation in recent years, most taxpayers can truthfully report income and deduction information and fulfill their tax obligations in accordance with the law. However, the tax department also found during the verification that a small number of taxpayers reported income or deductions falsely or incorrectly to achieve the purpose of over-refunding or under-paying taxes.
In this year's accounting, the tax department will strengthen supervision and reminders for taxpayers who incorrectly report special additional deductions. For situations where special additional deductions are not reported in accordance with regulations, for example, if both spouses fill in special additional deductions for children's education at a 100% ratio, or tamper with certification materials to enjoy special additional deductions for serious illness medical treatment, etc., once discovered, the tax authorities will use the individual tax APP, Prompt reminders will be provided through websites or through withholding agents and other channels.
If taxpayers enjoy new deductions or tax preferences, they should also fill in relevant information and provide supporting materials. If the taxpayer refuses to correct or explain the situation, the tax authorities will suspend the taxpayer's enjoyment of the special additional deduction in accordance with the "Announcement of the Ministry of Finance and the State Administration of Taxation on Policy Issues Related to the Final Settlement and Settlement of Comprehensive Individual Income Tax" (2019 No. 94) . Taxpayers can continue to enjoy special additional deductions after correcting relevant information or explaining the situation as required.
In addition, for taxpayers who need to pay tax in the final settlement, if they fail to declare the tax or pay the tax in full after the end of the settlement period, once discovered, the tax authorities will use electronic channels such as mobile personal tax APPs, websites and other methods in accordance with the law. Tax documents will be delivered to the taxpayer, ordering them to make corrections within a time limit, and adding late payment fees in accordance with the law. At the same time, they will be marked in their personal income tax "tax records".
The tax department reminds taxpayers to truthfully handle individual tax returns in accordance with the law and be responsible for the authenticity, accuracy and completeness of the information submitted in accordance with legal provisions. For serious cases such as false filings and tampering of certification materials, the tax authorities will deal with them seriously in accordance with the law and include them in the list of key personnel for tax supervision, and strengthen the review of their declarations for the next three tax years; if the circumstances are serious, the tax authorities will handle them in accordance with the law and regulations. File an investigation. (over)