On the first day of March, everyone was swiped by the same news, that is, tax refund!
The 2023 annual individual income tax comprehensive income settlement starts today, and the time for the final settlement is from March 1 to June 30, and it is still "more refund and less compensation".
In the early hours of this morning, some netizens squatted on tax refunds, and the result was refunded to more than 31,000 yuan!
Immediately afterwards, many netizens posted the tax refund results, hundreds, thousands, and tens of thousands.
Many netizens called "the first happiness in March", "I was happy at once", "I withdrew a huge amount of money, and decided to take a half-day holiday tomorrow to eat a buffet"...
Some people are happy and some are worried, and some netizens said that they still have to pay more than 9,000 yuan.
Some netizens also said that they would not refund or make up.
Reservations are fully booked on March 1. As of press time, the individual income tax app shows that appointments for March 1, 2, and 3 are full. Appointments are still available for subsequent dates.
Screenshot of the individual income tax app.
Tips
The IIT final settlement will be processed from March 1 to June 30, 2024, and taxpayers who need to handle the final settlement between March 1 and 20 can make an appointment through the IIT app from February 21 to March 20 (6:00-22:00 every day). From March 21 to June 30, taxpayers do not need to make an appointment and can apply at any time.
Taxpayers pay attention to these things
There are new changes in these aspects of the 2023 annual reconciliation:
Who needs to file the annual tax settlement?
Generally speaking, as long as the amount of tax prepaid by the taxpayer is inconsistent with the annual tax payable, the taxpayer needs to go through the annual tax settlement. According to the relevant provisions of the Individual Income Tax Law and its implementing regulations, the circumstances that require annual reconciliation are divided into the following categories:
The first category is taxpayers who need to apply for a tax refund because the amount of tax prepaid is higher than the amount of tax payable. It is the right of taxpayers to apply for a tax refund in accordance with the law. As long as the amount of tax paid in advance is greater than the tax payable in the tax year, the taxpayer can apply for the annual tax refund in accordance with the law.
The second category is taxpayers whose prepaid tax is less than the tax payable and should pay tax and the tax amount exceeds 400 yuan.
The third category is taxpayers who under-declare or fail to declare their comprehensive income in 2023 due to the wrong applicable income items or the withholding agent's failure to perform their withholding obligations in accordance with the law, and shall handle the final settlement according to the law.
Who is not required to file the 2023 Annual Tax Settlement?
According to the relevant provisions of the Individual Income Tax Law and its implementing regulations, there is no need to handle the annual reconciliation, mainly including the following situations:
The first category is taxpayers whose prepaid tax amount is consistent with the annual tax payable, and these taxpayers do not need to refund the tax and do not need to go through the annual tax settlement.
The second category is to exempt taxpayers who obtain an annual comprehensive income of no more than 120,000 yuan or a tax payment amount of no more than 400 yuan from January 1 to December 31, 2023. It should be noted that if the withholding agent fails to withhold and pay the tax in accordance with the law when the taxpayer obtains the comprehensive income, it is not exempted from the annual final settlement.
How should taxpayers handle the final settlement?
There are three main ways to settle the tax settlement:
The first is to do it yourself, that is, taxpayers handle it by themselves. The tax authorities provide an efficient and fast online tax channel, and it is recommended that taxpayers give priority to the online tax bureau for annual tax settlement, especially the individual income tax app in the palm of their hand. For special groups such as the elderly and those with limited mobility who have difficulty completing the annual reconciliation independently, the taxpayer shall apply for it, and the tax authorities can also provide personalized annual reconciliation services.
The second is the unit office, that is, please handle it with the employing unit. If the taxpayer submits a request to the unit on behalf of the taxpayer, the unit shall handle it, or train and counsel the taxpayer to complete the annual reconciliation declaration and tax refund (supplement) by itself through the online tax bureau.
The third is to ask someone to handle it, that is, to entrust tax-related professional service institutions or other units and individuals to handle it.
What are the new service enhancement measures launched this year?
On the basis of continuous optimization of tax payment services, this year's final settlement has launched the following facilitation measures:
The first is to further expand the scope of priority tax refund services. For taxpayers with an annual income of less than 60,000 yuan and who have prepaid individual income tax, on the basis of providing individual income tax APP and simple declaration and management services for natural persons electronic tax bureau in previous years, priority tax refund services will be further provided to continuously improve taxpayers' sense of gain.
The second is to further expand the pre-filling service of the final settlement declaration form. 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 with the tax department, taxpayers are provided with special additional deduction information for serious illness medical treatment and personal pension information pre-filling services, so as to provide taxpayers with a better declaration experience.
The third is to further optimize the operation experience of taxpayers' individual income tax APP. Upgrade the version of the IIT APP, reconstruct the channel page, redesign the function icons, avoid the intersection of business functions, integrate the display of handling (handling) and checking (inquiry) matters, and highlight the "to-do" prompts, so that the taxpayer experience will be more friendly.
What are the regulatory measures to strengthen the special additional deduction this year?
On August 31, 2023, ** issued the Notice on Raising the Special Additional Deduction Standards for Individual Income Tax (Guo Fa 2023 No. 13), raising the special additional deduction standards for infant and child care, children's education, and elderly care under the age of 3. After the standard is raised, the vast majority of taxpayers will automatically deduct the tax payable of the current year according to the new standard in subsequent months. There are also a small number of taxpayers who cannot complete the deduction in the withholding stage of the current year, or do not choose to fill in the deduction in the withholding stage, which needs to be filled in and enjoyed when handling the 2023 annual reconciliation.
In the process of collection and management, the tax department found that a small number of taxpayers incorrectly or even falsely filled in the special additional deductions. For the situation of failing to fill in the special additional deduction in accordance with the regulations, such as the husband and wife each filling in the special additional deduction for children's education in accordance with the proportion of 100% or tampering with the supporting materials to enjoy the special additional deduction for serious illness medical treatment, etc., once discovered, the tax authorities will remind them through channels such as the individual income tax app, ** or withholding agent. If a taxpayer is newly entitled to deductions or tax incentives, he or she shall fill in the relevant information and provide supporting materials. If the taxpayer refuses to make corrections or fails to explain the situation, the tax authorities will suspend the special additional deduction in accordance with the announcement of the Ministry of Finance and the State Administration of Taxation on relevant policy issues involved in the final settlement of individual income tax comprehensive income (No. 94 [2019]). Taxpayers can continue to enjoy special additional deductions after correcting relevant information or explaining the situation in accordance with regulations.
What are the regulatory measures for taxpayers who have not filed or paid back their taxes in full?
If the taxpayer who needs to pay the tax after the final settlement fails to declare the tax payment or fails to pay the tax in full after the end of the final settlement period, once it is found, the tax authorities will order the taxpayer to make corrections within a time limit and serve the relevant tax documents to the taxpayers. For 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.
Taxpayers are requested to handle the individual income tax settlement in accordance with the law to avoid affecting their tax credit.
Finally, I would like to remind you that different tax calculation methods will affect the amount of tax payment, and you can operate according to both tax calculation methods through the individual tax app, but don't confirm it first, compare which tax calculation method is more cost-effective, and choose which one.
[**Red Star News].
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