1, annual settlement. Self-employed individuals need to submit the annual settlement to the tax authorities at a specific time every year. In this form, self-employed individuals need to fill in their income, expenses, taxes and other related information.
2. At the time of tax settlement, the tax authorities will check and audit according to the declaration information of the self-employed. They will calculate the tax payable by the self-employed and notify the self-employed to pay the tax.
3. Pay taxes. After receiving the notice from the tax authorities, the self-employed need to pay the corresponding taxes according to the regulations. Taxes can be paid by bank transfer or cash.
Individuals who fail to make final settlement according to regulations may face the following consequences:
1, the tax authorities may impose a fine on individuals who fail to make final settlement according to the regulations. The amount of fines may vary according to the specific circumstances and the provisions of relevant laws and regulations.
2. Interest and late fees. If an individual fails to pay the tax payable on time, the tax authorities may require him to pay the corresponding interest and late fees. These expenses will be incurred according to the default time and relevant laws and regulations.
3. Administrative punishment. If the circumstances are serious, the tax authorities may take administrative punishment measures such as seizing property and restricting exit.
4. Legal responsibility. Individuals who fail to settle accounts according to regulations may be involved in acts violating tax laws and may face legal responsibilities. The specific legal consequences may vary by region and tax law.
To sum up, the procedures and time of settlement and payment of self-employed individuals may vary according to regions and specific conditions. It is recommended that you consult the local tax authorities or tax professionals to obtain accurate operating guidelines and relevant regulations. They can provide more detailed information and suggestions according to your specific situation.
Legal basis:
Article 11 of the Individual Income Tax Law of People's Republic of China (PRC)
(1) Individual income tax shall be paid on an annual basis when individual residents obtain comprehensive income; If there is a withholding agent, the withholding agent shall withhold the advance tax on a monthly basis or every time; If settlement is needed, it shall be settled within March 1 day to June 30th of the following year. The withholding measures shall be formulated by the competent tax authorities of the State Council.
(2) Where individual residents provide withholding agents with special additional deduction information, the withholding agent shall deduct the withholding income tax in accordance with the provisions when withholding monthly, and shall not refuse.
(3) Income from wages, salaries, remuneration for labor services, remuneration for manuscripts and royalties obtained by non-resident individuals, if there is a withholding agent, shall be withheld on a monthly basis or every time, without final settlement.