The levy period in February 2024 will be on the 23rd, please arrange your time reasonably! Here are a few key points for the February declaration period:
1.The levy period in February has been extended! Ends on the 23rd!
2.Urgent reminder! This policy has expired and can no longer be declared in February!
3.Corporate income tax, a new pre-tax deduction voucher!
4.The final settlement of individual income tax has begun! Must be completed by March 31st!
5.Individual income tax fee refund! Ends March 31st!
6.Stamp duty declaration practice!
The tax bureau clarifies: the deadline for filing tax returns in February is until February 23!
Declare value-added tax, consumption tax, urban maintenance and construction tax, education surcharge, local education surcharge, cultural construction fee, individual income tax, enterprise income tax, stamp duty, environmental protection tax, and resource tax.
There are slight differences in various places, so taxpayers should arrange their time reasonably and complete their tax returns on time!
Policy Reminder
According to the policy, the policy of additional deduction for producer services and life services has expired, and the additional deduction for taxpayers who have not been fully deducted in 2023 will not be deducted in 2024.
After the implementation of the additional deduction policy expires, the taxpayer will no longer calculate the additional deduction, and the remaining additional deduction will cease to be deducted. It should be noted that the balance of the additional deduction here includes both positive and negative figures.
At present, there is only one additional VAT deduction policy left:
From January 1, 2023 to December 31, 2027, advanced manufacturing enterprises are allowed to deduct the VAT payable by adding 5% of the deductible input tax for the current period.
Taxpayers should remember not to file a wrong return! If you have already filed, you can take the following steps to correct the declaration:
1. Log in to the electronic tax bureau, click on the "Common Functions - Tax Declaration and Payment" module on the left side of the home page, or click "I want to do tax - tax declaration and payment".
2. After entering, click "Correct Declaration", click "Query" after selecting various categories of reports, select the declaration data that needs to be corrected, and click "Correct Declaration".
3. After entering the correction interface, click "Data Initialization" - "Modify", fill in the correction content and save it, click "Declaration" after verification, and finally the system prompts "Declaration Successful", and the correction declaration has been completed at this time.
4. If there is a need to pay back taxes after correction, click "Payment" to make up the tax payable after correction.
Note: At this time, if there is a retroactive tax payment after the filing period is corrected, there will be a corresponding late fee.
Key extraction:
1. The donation bill for public welfare undertakings is the original voucher for accounting, including electronic and paper forms. Electronic bills and paper bills have the same legal effect, and are the basis for supervision and inspection by financial, tax, auditing, supervision and other departments.
The donation bill for public welfare undertakings can be used as a valid voucher for the donor to make a donation and apply for pre-tax deduction of the donation amount in accordance with the relevant provisions of the state.
2. The basic content of the public welfare donation bill includes the name of the bill, the bill supervision seal, the bill **, the bill number, the payer's unified social credit**, the payer, the check code, the invoice date, the **bar code), the project code, the project name, the unit, the quantity, the standard, the amount (yuan), the total amount (uppercase) (lowercase), remarks, other information, the receiving unit (chapter), the reviewer, the payee, etc.
Paper bills for public welfare donations generally include stub copies, receipt copies, and bookkeeping copies. The stub copy shall be retained by the issuing party, the receipt copy shall be received by the payer, and the accounting copy shall be retained by the billing party as an accounting voucher.
3. The public welfare donation bills shall be uniformly supervised (printed) by the Ministry of Finance or the provincial financial departments, and the financial bills supervision seal of the national unified style shall be overprinted.
The Ministry of Finance shall be responsible for formulating the public welfare donation bills in accordance with the national uniform style, coding rules and electronic bill data standards.
4. The user and payment unit of the electronic bills for public welfare donations shall receive and read the electronic bills for public welfare donations accurately, completely and effectively, and file them in accordance with the relevant management requirements such as accounting informatization and accounting files.
5. These Measures shall come into force on February 1, 2024.
Attached: Sample of public welfare bills (for reference only).
According to Article 12 of the Individual Income Tax Law of the People's Republic of China, taxpayers who obtain business income shall calculate individual income tax on an annual basis, and the taxpayer shall submit a tax return to the tax authorities within 15 days after the end of the month or quarter, and pay the tax in advance; The final settlement shall be completed before March 31 of the following year in which the income is obtained.
Tax Settlement Target
Owners of individual industrial and commercial households, investors of sole proprietorships, individual partners of partnership enterprises, individual contractors and leasers, and other individuals engaged in production and business activities who have obtained business income within the territory of China and are subject to audit and collection, are required to go through the final settlement and payment of individual income tax on business income.
[Settlement Method].
You can apply for the final settlement and declaration of business income from the following channels:
The website of the electronic tax bureau for natural persons;
the withholding end of the electronic tax bureau for natural persons;
The tax service department of the competent tax authority in the place of operation and management.
If the business income is obtained from two or more places, it shall choose to apply for an annual summary declaration with the competent tax authority of the place where one of the business operations is located.
In order to save your tax processing time, it is recommended that you file your tax return online.
Note: The electronic tax bureau for natural persons (withholding end) can only fill in the "Individual Income Tax Return for Business Income (Form B)".
[Final Settlement Return].
If the taxpayer only obtains one business income, the taxpayer shall 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 a taxpayer obtains two or more business incomes, he/she shall 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 operation is located, and submit the Individual Income Tax Return for Business Income (Form C).
Note: If the taxpayer engages in other production and business activities to obtain income (including freight), it is necessary to declare other production and operation income (Form B) through the website or tax side of the electronic tax bureau for natural persons.
[Tips].
1.Business income is the taxable income based on the balance of the total income of each tax year after deducting costs, expenses and losses.
2.The wages and salaries of the owners of individual industrial and commercial households, investors of sole proprietorships, and partners of partnership enterprises shall not be deducted before tax.
3.The following expenses are not deductible:
1) Individual income tax;
2) tax late fees;
3) fines, fines and loss of confiscated property;
4) Donation expenses that do not meet the deduction regulations;
5) sponsorship expenditures;
6) for personal and household expenditures;
7) Other expenses unrelated to the income from production and operation;
8) Expenses that are not allowed to be deducted according to the provisions of the State Administration of Taxation.
4.In the production and operation activities of individual industrial and commercial households, the production and operation expenses and personal and family expenses shall be separately calculated, and 40% of the expenses that are difficult to distinguish between production and operation and personal and family life shall be regarded as expenses related to production and operation and shall be allowed to be deducted. If the living expenses incurred by the investors and their families in sole proprietorship enterprises and partnership enterprises are mixed with the production and operation expenses of the enterprise, and it is difficult to divide them, all of them shall be regarded as the living expenses incurred by the investors and their families, and shall not be allowed to be deducted before tax.
5.Losses incurred in the tax year are allowed to be carried forward to the following years and made up with the operating income of the following years, but the carry-forward period shall not exceed five years. If an investor establishes two or more enterprises, the annual operating losses of the enterprises cannot be made up across enterprises.
6.The pre-business income tax deduction shall be implemented in accordance with the provisions of the relevant documents.
From January 1 to March 31, 2024, the withholding unit can apply for the refund of the 2023 individual income tax withholding fee through the "Refund Handling Fee Verification" module of the Electronic Tax Bureau for Natural Persons (withholding end). According to Article 17 of the Individual Income Tax Law of the People's Republic of China, the withholding agent shall pay a handling fee of 2% according to the tax withheld.
According to the Notice of the State Administration of Taxation, the Ministry of Finance and the People's Bank of China on Further Strengthening the Management of Handling Fees for Withholding and Collection of Taxes (Shui Zong Cai Fa No. 48 2023), the application for refund of the 2023 individual income tax withholding fee should be submitted before March 31, 2024. In order to protect the legitimate rights and interests of your organization, please go through the relevant procedures in time.
According to the relevant provisions of the new stamp duty law, stamp duty is levied on a quarterly, annual or one-time basis. There is no longer a monthly levy!
For taxpayers who are now filing on a monthly basis, the system will automatically adjust the quarterly declaration of taxable contracts and property right transfer documents, and the business account books will be automatically converted to annual declaration, without the need for additional application.
There is no need to identify the type of stamp duty for the declaration of stamp duty, and you can directly log in and declare.
You can log in to the electronic tax bureau to view the tax identification information by yourself, and the path is My Information - Taxpayer Information - Tax Identification Information Query.
The specific declaration operation is as follows:
Log in to the electronic tax bureau, search for "Property and Behavior Tax", and click to enter the "Property and Behavior Tax Consolidated Tax Declaration" interface, and you can see the "Stamp Duty" declaration option.
If the taxpayer has not carried out the stamp duty verification, it needs to "declare on a per-time basis", but the "per-time declaration" may omit and forget to declare, so what should we do?
Taxpayers can go to the local competent tax authority to change the tax payment period and adjust the "one-time declaration" to "quarterly filing". Of course, there may be some differences in the requirements of local tax authorities, and you need to consult the latest policies of the local competent tax authorities!
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