After New Year's Day, especially after the Spring Festival, the final settlement of income tax begins. Final settlement is a big deal, and it's not just for accountants. Many business owners are not very clear about the final settlement, today I will briefly introduce to you, and the specific details can be left to discuss, and this article will not expand.
1. Classification of final settlement.
The final settlement is divided into enterprise income tax final settlement and individual income tax final settlement, and individual income tax final settlement is further divided into comprehensive income final settlement and business income tax final settlement. Therefore, it can be said that there are three main categories of income tax final settlement.
1. Final settlement and payment of enterprise income tax.
What makes people confused is that not only enterprises pay enterprise income tax, but also public institutions and social organizations also have to pay enterprise income tax; Not all enterprises have to pay enterprise income tax, including limited liability companies and shares, and some enterprises do not pay enterprise income tax, but pay individual income tax, this part of the enterprise includes: individual industrial and commercial households, partnerships, sole proprietorships. None of these enterprises that pay individual income tax are independent legal entities.
Therefore, the name of corporate income tax is not exact, and it would be more accurate to call it corporate income tax.
2. Individual income tax final settlement.
In the same way, the subject of individual income tax is not only natural persons, but also unincorporated enterprises that pay individual income tax, that is, individual industrial and commercial households, partnership enterprises, and sole proprietorship enterprises just mentioned.
When handling the final settlement, the natural person needs to do the final settlement of the individual income tax on comprehensive income, and the annual wages and salaries, labor remuneration, royalties, and draft preparation should be calculated. The bosses should make a final settlement of the operating income of all the individual industrial and commercial households, partnerships, and sole proprietorships under their names.
2. The type of final settlement is involved.
1. There are two types of tables for enterprise income tax final settlement.
Audit and collection enterprises to submit the "Enterprise Income Tax Annual Return (Class A)"; The approved collection enterprises shall submit the monthly (quarterly) prepayment and annual tax return of enterprise income tax (Category B). These two types of tables are composed of several tables each, which is more complex, for example, the Class A table consists of 37 tables.
2. There are two tables for the final settlement of individual income tax for natural persons.
Only the annual reconciliation of domestic comprehensive income is subject to the "Individual Income Tax Annual Self-Tax Return (Form A)"; Resident individuals are entitled to the Annual Self-Tax Return of Individual Income Tax (Form B) for overseas income.
2. There are three tables for the final settlement of individual income tax of unincorporated enterprises.
If only one business income is obtained during the year, it is necessary to go through the final settlement with the competent tax authority of the place where the business is operated, and submit the "Individual Income Tax Return for Business Income (Form B)";
If business income is obtained from more than one place during the year, it is necessary to submit the Individual Income Tax Return for Business Income (Form B) to the competent tax authority of the place where the business operation is located, and then choose to file an annual summary declaration with the competent tax authority of one of the places where the business management is located, and submit the Tax Return of Individual Income Tax on Business Income (Form C).
1. Enterprise income tax final settlement: January 1 to May 31;
2. Final settlement of comprehensive income of natural persons: March 1 to June 30;
3. Individual income tax final settlement of unincorporated enterprises: January 1 to March 31.
The final settlement is very important for both enterprises and individuals, and if there is a mistake, they may face some penalties; In addition, the time for final settlement is tight and the task is heavy, so I remind all bosses to pay attention to it! Final settlement of enterprise income tax