2023 Annual Individual Income Tax Settlement
It will start on March 1, 2024
Today (February 21).You can go to the individual income tax app to make an appointment! Individual income tax is about to usher in the annual "more refund and less compensation".
Remember to handle it in time!
From the 21st, you can make an appointment in advance for individual income taxThe 2023 annual reconciliation will be processed from March 1 to June 30, 2024. From February 21, 2024, you can make an appointment to complete the year-end tax settlement on any day from March 1 to March 20, 2024. 
Screenshot of the individual income tax app. From March 21 to June 30, taxpayers do not need to make an appointment and can apply at any time. According to the individual income tax app, the time span of the 2023 annual reconciliation is 4 months, and it can be handled 24 hours a day. Taxpayers who need to apply for the annual reconciliation between March 1 and March 20 can log in to the mobile individual income tax app from 6 a.m. to 22 p.m. every day from February 21 to March 20 to make an appointment.
Who needs to do it?
Who doesn't have to do it?
If one of the following circumstances is met, the taxpayer shall go through the final settlement: (1) the amount of tax prepaid is greater than the tax payable in the final settlement and the taxpayer applies for tax refund; (2) The comprehensive income obtained in 2023 exceeds 120,000 yuan and the amount of tax required for final settlement exceeds 400 yuan. If the taxpayer underdeclares or fails to declare the comprehensive income in 2023 due to the error of the applicable income items or the withholding agent's failure to perform the withholding obligation in accordance with the law, the taxpayer shall handle the final settlement according to the law. 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 These people do not need to go through the final settlement: (1) the final settlement needs to be paid but the comprehensive income does not exceed 120,000 yuan for the whole year; (2) The amount of tax to be paid for final settlement does not exceed 400 yuan; (3) The amount of tax prepaid is consistent with the amount of tax payable in the final settlement; (4) Those who meet the conditions for tax refund in final settlement but do not apply for tax refund. 
RMB data map. **Photo by reporter Li Jinlei
What do I need to pay attention to when handling the tax settlement?
- Tax refunds can be waived, but don't believe in the so-called "tax refund tips".In order to facilitate the tax refund, taxpayers with an annual comprehensive income of no more than 60,000 yuan in 2023 and have prepaid individual income tax can choose to use the simple declaration function provided by the individual income tax app or ** to conveniently handle the final settlement and tax refund. According to the IIT app, after choosing to give up the tax refund, you can apply for a tax refund again, but you need to re-apply for a tax refund within the time limit specified in the Tax Administration Law, and at the same time comply with the relevant provisions of the Tax Administration Law. -- The tax must be paid, otherwise the consequences will be seriousThe tax department reminds that taxpayers who need to pay tax after the final settlement fail to declare the tax payment or fail to pay the tax in full after the end of the final settlement period, once found, the tax authorities will order the taxpayer to make corrections within a time limit and deliver the relevant tax documents to the taxpayersFor those who have not signed the "Confirmation of Electronic Service of Tax Documents", they shall be served by other means. At the same time, the tax authorities will impose a late payment penalty in accordance with the law and mark it in the tax record of individual income tax. If a taxpayer overrefunds or underpays tax due to an error in filling in the declaration information, and the taxpayer takes the initiative or is reminded by the tax authorities to make corrections in a timely manner, the tax authorities may exempt the taxpayer from punishment in accordance with the principle of "no penalty for the first violation". **: China News Network.
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