According to the provisions of the tax law, after the end of 2020, individual residents need to collect four incomes, including wages, salaries, labor remuneration and royalties, obtained from June 65438+1 October 1 February 2020, and deduct expenses of 60,000 yuan, special deductions, other deductions determined according to law and eligible charities. Apply the comprehensive income MINUS the personal income tax rate deducted quickly to calculate the final tax payable this year, and then subtract the prepaid tax in 2020 to get the tax amount to be refunded or supplemented, and report to the tax authorities for tax refund or supplementary tax. The specific calculation formula is as follows:
Refundable or taxable amount = [× applicable tax rate-quick deduction]-advance tax in 2020
According to the provisions of the tax law, the annual settlement does not involve classified income such as property leasing, and income such as annual one-time bonus that taxpayers choose not to be included in the comprehensive income tax according to regulations.
2. Taxpayers who do not need to make annual settlement.
With the approval of the State Council, according to the relevant provisions of the Announcement of the Ministry of Finance in State Taxation Administration of The People's Republic of China on Relevant Policy Issues Concerning the Settlement and Payment of Comprehensive Income of Individual Income Tax, taxpayers who have paid the individual income tax in 2020 in advance according to law and meet one of the following circumstances do not need to handle the annual settlement and payment:
The annual final settlement needs to pay taxes, but the annual comprehensive income does not exceed 6,543,800 yuan+0.2 million yuan;
The amount of supplementary tax required for annual settlement shall not exceed that of 400 yuan;
The prepaid tax amount is consistent with the annual taxable amount or no tax refund is required.
3. Taxpayers who need to handle the annual settlement.
According to the provisions of the tax law, taxpayers need to handle the annual settlement in any of the following circumstances:
Apply for tax refund if the prepaid tax amount is greater than the annual tax payable;
The annual comprehensive income exceeds 6,543,800 yuan+200,000 yuan, and the tax payment needs to exceed that of 400 yuan.
4. You can enjoy pre-tax deduction.
For the following pre-tax deduction items that occurred in 2020, taxpayers may apply for deduction or supplementary deduction during the annual settlement period:
Taxpayers and their spouses and minor children meet the conditions of serious illness medical expenses;
Taxpayers meet the conditions of children's education, continuing education, housing loan interest or housing rent, special additional deduction for supporting the elderly, expense deduction, special deduction and other deductions determined according to law;
Taxpayer's eligible donation expenditure.
5. Processing time
The annual settlement time is from March 2002 1 year1day to June 30th. Taxpayers who have no domicile in China and leave the country before March, 2002 1,1can make annual settlement before leaving the country.
6. Treatment method
Taxpayers can choose the following treatment methods:
Handle the annual settlement by yourself;
Handle on behalf of the employer.
If the taxpayer requests an agent, the unit will handle it on his behalf, or train and coach the taxpayer to complete the annual final settlement and tax refund through the online tax bureau.
If the unit handles it on its behalf, the taxpayer shall confirm with the unit in written or electronic form before April 30th, 20021year, and provide supplementary information such as comprehensive income, relevant deductions and tax incentives obtained outside the unit in 2020, and be responsible for the authenticity, accuracy and completeness of the submitted information. If the taxpayer has not confirmed with the unit that it is required to handle the annual settlement on its behalf, the unit may not handle it on its behalf.
Where a tax-related professional service institution or other unit or individual is entrusted, the trustee shall sign a power of attorney with the taxpayer.
After the unit or the entrusted unit handles the annual settlement and payment for the taxpayer, it shall promptly inform the taxpayer of the handling situation. Taxpayers who find that the declaration information is wrong may ask the unit or the trustee to correct it, or they may correct it themselves.
7. Processing channels
In order to facilitate taxpayers, the tax authorities provide taxpayers with efficient and fast online tax channels. Taxpayers can give priority to the annual settlement through the online tax bureau, and the tax authorities will provide taxpayers with the pre-filling service of the declaration form according to regulations; If it is not convenient to handle it through the above methods, it can also be handled by mail or in the tax service hall.
If the taxpayer chooses to declare by mail, it shall send the declaration form to the address published by the tax bureaus of provinces, autonomous regions, municipalities directly under the Central Government and cities with separate plans where the competent tax authorities are located as determined in Article 9 of this announcement.
8. Reporting information and data retention
Taxpayers who settle accounts in 2020 shall apply for the annual self-declaration form of individual income tax. If you need to modify its basic information and enjoy new deductions or tax incentives, you should also fill in relevant information as required. Taxpayers need to check carefully to ensure that the information filled in is true, accurate and complete.
Taxpayers and institutions handling annual settlement shall keep the annual settlement declaration form and taxpayer's comprehensive income, deduction, tax paid or tax preference and other relevant information within 5 years from the end of the annual settlement period.
9. The tax authorities that accept the declaration of annual settlement and payment.
In accordance with the principle of convenience and proximity, if a taxpayer handles the annual settlement by himself or on his behalf, he shall report to the competent tax authorities of the employer where the taxpayer works; If there are two or more employment units, you can choose to declare to one of them.
Taxpayers who do not work for employers shall report to the competent tax authorities of their domicile, habitual residence or main source of income. The main source of income refers to the location of the withholding agent with the largest cumulative amount of income from labor remuneration, royalties and royalties obtained by taxpayers in a tax year.
Where a unit handles the annual final settlement for taxpayers, it shall report to the competent tax authorities of the unit.
10, annual tax refund and overdue tax.
refund a tax
Taxpayers applying for annual tax refund should provide qualified bank accounts opened in China. The tax authorities shall, after auditing according to the provisions, handle the tax refund on the spot at the location of the tax authorities that accept the declaration of annual final settlement as determined in Article 9 of this announcement in accordance with the relevant provisions on treasury management. If the taxpayer fails to provide his valid bank account or the information provided is wrong, the tax authorities will notify the taxpayer to correct it, and the taxpayer will apply for tax refund according to law after correcting it as required.
In order to facilitate taxpayers to get a tax refund, the tax authorities provide a convenient tax refund function on the online tax bureau with annual comprehensive income not exceeding 60,000 yuan and personal income tax paid in advance. Taxpayers can apply for annual tax refund through simple declaration form from March 1 day to May 3 1 day.
Taxpayers who apply for tax refund in 2020 should apply for tax refund in accordance with the law after applying for tax refund in 20 19 and being informed by the tax authorities that there are doubts in the tax return in 20 19, and correcting the tax return or explaining the relevant situation.
Pay taxes.
Taxpayers who pay the annual final tax payment can pay through online banking, POS card swiping of tax service hall, bank counters, non-bank payment institutions, etc. If the tax is declared and paid back by mail, the taxpayer should pay attention to the progress of the declaration and pay the tax in time through the online tax bureau or the tax service hall of the competent tax authority.
If the taxpayer fails to fill in the declaration information correctly, resulting in overpayment or underpayment of tax, and after being reminded by the tax authorities, the taxpayer takes the initiative to correct it in time, the tax authorities may be exempted from punishment in accordance with the principle of "first violating and then punishing".
1 1, annual settlement service
The tax authorities have introduced a series of measures to optimize services, strengthened the policy interpretation and operational guidance on annual settlement, compiled tax payment guides by classification, popularized the explanation of policy caliber, professional terms and operational procedures, provided tips and reminders through multiple channels and forms, and provided tax-related consultation through mobile personal income tax APP, webpage, 12366 tax service platform and other channels to help taxpayers solve difficult problems in handling annual settlement and actively respond to taxpayers' demands.
In order to reasonably and orderly guide taxpayers to handle the annual final settlement, the competent tax authorities will notify taxpayers in batches to remind them to handle it within a certain period of time. Taxpayers can make an appointment with the tax authorities or through the online tax bureau during the annual settlement period if they need to handle it in advance or later. For the elderly, the disabled and other special groups that have difficulties in completing the annual settlement independently, the tax authorities can provide personalized annual settlement services upon the application of taxpayers.
12, other matters
If the second paragraph of Article 1 of the Announcement of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Issues Concerning the Self-declaration of Individual Income Tax is inconsistent with this announcement, this announcement shall prevail.