Home News Complete personal tax reconciliation before June 30, make sure to pay tax in time and do not make false declarations – China Daily

Complete personal tax reconciliation before June 30, make sure to pay tax in time and do not make false declarations – China Daily

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Complete personal tax reconciliation before June 30, make sure to pay tax in time and do not make false declarations – China Daily

Original title: Before June 30, don’t forget to do one thing, it will affect your wallet!

The 2021 tax reconciliation is coming to an end, and it will end on June 30. If there is no tax refund or tax rebate, it should be processed as soon as possible.

Complete your tax return by June 30

The 2021 tax reconciliation period is from March 1 to June 30, 2022.

The so-called annual tax reconciliation is to “consolidate the annual income and calculate the tax on an annual basis”, and then refund the excess and make up for the less. That is, the four items of income from wages and salaries, labor remuneration, author’s remuneration, and royalties are combined into “comprehensive income”, and the individual tax is calculated on an annual basis.

Since March, the personal tax rebate has been on Weibo hot search for a time, but many people who are not impatient choose to wait until June before processing the annual tax reconciliation.

As the deadline approaches, the taxation departments in many places also remind taxpayers to complete the tax reconciliation as soon as possible by sending text messages, making phone calls, etc., so as not to miss the tax refund bonus or generate tax-related risks.

“Hello, dear taxpayer! It has been estimated by the system that you may have a final tax refund for individual income tax comprehensive income in 2021. Please download and log in to the individual income tax APP in time, and complete the final declaration before June 30, 2022.” After the reminder text message, a netizen successfully refunded more than 500 yuan in tax.

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Be sure to pay taxes in time or the consequences will be serious

There are tax refunds, and there are those who need to pay taxes, and those who delay the final few days to complete the tax reconciliation are often those who need to pay taxes.

Xiaoxi (pseudonym), who used to work in a big Internet company, told Zhongxin Finance that he needs to pay more than 100,000 yuan in tax this year, and plans to do it on June 29. Recently, the tax department has sent a lot of text messages and made special phone calls. Remind not to forget to pay taxes, and at the same time talk about a bunch of serious consequences of overdue.

SMS from the tax department.Photo courtesy of the interviewee

If the taxpayer’s comprehensive income in the tax year exceeds 120,000 yuan and the amount of tax payment that needs to be paid exceeds 400 yuan, it is necessary to apply for a tax payment. If the tax is not paid in full after the final settlement, it will face the consequences of being subject to tax repayment, additional late payment fees and fines.

Recently, someone has been fined.

Recently, the Inspection Bureau of Hangzhou Taxation Bureau, Zhejiang Province, based on reports from the public, filed a case to investigate and deal with the case of Lan Moumou’s failure to handle the final settlement and payment of personal income tax comprehensive income in accordance with the law. After investigation, Lan Moumou failed to handle the final settlement and payment of comprehensive personal income tax in 2020 according to law, and underpaid personal income tax by 24,400 yuan. After the tax department filed a case for inspection, Lan XX took the initiative to declare and pay part of the tax. The Hangzhou Municipal Taxation Bureau’s Inspection Bureau pursued the tax payment, imposed a late fee and imposed a fine of 46,700 yuan on Lan Moumou.

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The relevant person in charge of the Hangzhou Municipal Taxation Bureau reminded the majority of taxpayers that it is necessary to handle the final settlement of individual income tax comprehensive income in accordance with laws and regulations. For those who do not handle the final settlement and payment of the comprehensive income of individual income tax according to the law, in addition to recovering the tax, overdue fines and fines according to law, they will also be marked on their “Individual Income Tax Tax Record” and included in the list of key personnel in tax supervision. Strengthen the review of the three tax year declarations.

tax infographic.Photo by China News Service reporter Li Jinlei

Don’t believe in “tax refund tips” and don’t make false declarations

When handling the annual tax reconciliation, taxpayers must be honest, do not make false declarations for tax refund or underpayment, especially do not trust the online “tax refund secrets”. For such false declarations, it is easy for the eye-catching tax department to find out.

Recently, some people have been investigated for false declarations.

According to the report of the Shenyang Municipal Taxation Bureau of Liaoning Province, 24-year-old Xu, when he did not have any children who did not meet the additional deduction conditions for children’s education, listened to the so-called “tax refund tips” on the Internet, and took a person born in 2011 out of town. The children of relatives are regarded as their own children, and the special additional deduction for children’s education is falsely reported. After being reminded by the tax department, Xu corrected the declaration and paid the tax according to the regulations.

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The Xiamen Municipal Taxation Department found that the taxpayer Liu, who only obtained the internal training certificate of the unit and did not meet the conditions for filling in the additional deduction for the continuing education of vocational qualifications, incorrectly filled in the special additional deduction for continuing education of vocational qualifications of 3,600 yuan per year. In the case that the taxpayer’s parents are still alive but do not meet the conditions for filling in the special additional deduction for supporting the elderly, the taxpayer still adds the grandparents as the supported elderly and fills in the special additional deduction. After being reminded by the tax authorities, Liu admitted the mistake and corrected the declaration as required.

Did you file a tax return? Tax refund or tax rebate? (Reporter Li Jinlei)

[Editor in charge: Cao Jing]

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